Rush Street Interactive (NYSE:RSI) Hits New 12-Month High – Should You Buy?

Rush Street Interactive, Inc. (NYSE:RSI) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $32.30 and last traded at $31.55, with a volume of 61143 shares traded. The stock had previously closed at $31.68.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on shares of Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Susquehanna upped their target price on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

Rush Street Interactive Stock Up 0.2%

The business’s 50-day moving average is $28.22 and its two-hundred day moving average is $22.78. The company has a market capitalization of $7.51 billion, a P/E ratio of 104.16 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. Analysts predict that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Richard Todd Schwartz sold 47,222 shares of Rush Street Interactive stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total transaction of $1,473,798.62. Following the sale, the chief executive officer directly owned 374,036 shares in the company, valued at $11,673,663.56. The trade was a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total transaction of $585,120.00. Following the sale, the chief financial officer owned 631,258 shares of the company’s stock, valued at $16,059,203.52. This trade represents a 3.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,139,379 shares of company stock valued at $80,407,830. 52.89% of the stock is owned by company insiders.

Institutional Trading of Rush Street Interactive

Hedge funds have recently made changes to their positions in the company. Precision Wealth Strategies LLC bought a new stake in Rush Street Interactive in the 4th quarter valued at about $1,680,000. UBS Group AG increased its holdings in Rush Street Interactive by 4.0% during the 4th quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock worth $20,154,000 after acquiring an additional 40,232 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Rush Street Interactive in the 4th quarter worth approximately $2,053,000. Vanguard Group Inc. boosted its holdings in Rush Street Interactive by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after purchasing an additional 227,783 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of Rush Street Interactive by 17.3% during the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock valued at $49,698,000 after purchasing an additional 378,002 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

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.