Rush Street Interactive (NYSE:RSI) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Rush Street Interactive (NYSE:RSI) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

A number of other equities research analysts have also weighed in on RSI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Susquehanna set a $22.00 price objective on Rush Street Interactive in a research report on Wednesday, January 21st. Oppenheimer increased their target price on Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $29.00 price target on shares of Rush Street Interactive in a research note on Sunday, January 25th. Finally, Craig Hallum reiterated a “buy” rating on shares of Rush Street Interactive in a report on Tuesday, December 9th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Rush Street Interactive Price Performance

RSI opened at $18.52 on Friday. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 66.13 and a beta of 1.54. Rush Street Interactive has a one year low of $9.54 and a one year high of $22.65. The business has a 50 day simple moving average of $18.42 and a two-hundred day simple moving average of $19.04.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $324.89 million for the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. Rush Street Interactive’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, sell-side analysts expect that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

Insider Transactions at Rush Street Interactive

In related news, CFO Kyle Sauers sold 160,067 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.07, for a total transaction of $3,052,477.69. Following the sale, the chief financial officer directly owned 663,306 shares of the company’s stock, valued at approximately $12,649,245.42. This represents a 19.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $16.82, for a total transaction of $4,156,457.48. Following the completion of the transaction, the chief executive officer directly owned 701,934 shares of the company’s stock, valued at $11,806,529.88. This trade represents a 26.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,166,535 shares of company stock valued at $21,201,337. Insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently made changes to their positions in the company. Concord Wealth Partners bought a new position in Rush Street Interactive in the 3rd quarter valued at approximately $41,000. Kemnay Advisory Services Inc. bought a new position in shares of Rush Street Interactive during the fourth 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 second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after buying an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth about $90,000. Institutional investors own 24.78% of the company’s stock.

About Rush Street Interactive

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.