Rush Street Interactive (NYSE:RSI) Rating Increased to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Rush Street Interactive (NYSE:RSI) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on RSI. Needham & Company LLC increased their price target on shares of Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Citigroup upgraded shares of Rush Street Interactive to an “outperform” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.88.

Rush Street Interactive Price Performance

Shares of RSI opened at $20.84 on Wednesday. The business’s fifty day moving average price is $18.60 and its 200 day moving average price is $19.10. Rush Street Interactive has a 12-month low of $9.63 and a 12-month high of $22.65. The stock has a market capitalization of $4.84 billion, a PE ratio of 74.43 and a beta of 1.54.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The company had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. During the same quarter last year, the firm posted $0.07 earnings per share. Rush Street Interactive’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, research analysts anticipate that Rush Street Interactive will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Kyle Sauers sold 160,067 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.07, for a total value of $3,052,477.69. Following the sale, the chief financial officer owned 663,306 shares in the company, valued at $12,649,245.42. This represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mattias Stetz sold 90,000 shares of Rush Street Interactive stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $19.09, for a total transaction of $1,718,100.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,372,743 shares of company stock worth $25,614,892 over the last ninety days. Insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently made changes to their positions in RSI. Concord Wealth Partners acquired a new stake in Rush Street Interactive in the third quarter valued at $41,000. Kemnay Advisory Services Inc. bought a new stake in shares of Rush Street Interactive during the 4th quarter valued at $47,000. Empowered Funds LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter valued at $55,000. Osaic Holdings Inc. boosted its position in shares of Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after acquiring an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Rush Street Interactive in the 2nd quarter worth about $90,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Company Profile

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.