Rush Street Interactive (NYSE:RSI) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Rush Street Interactive (NYSE:RSI) from a buy rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also recently weighed in on RSI. Oppenheimer lifted their price target on Rush Street Interactive from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their target price on Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Susquehanna lifted their target price on Rush Street Interactive from $30.00 to $36.00 and gave the company a “positive” rating in a research note on Wednesday, July 29th. Wells Fargo & Company boosted their price target on Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings cut Rush Street Interactive from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.22.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $26.60 on Friday. The firm has a market capitalization of $6.17 billion, a PE ratio of 91.73 and a beta of 1.51. Rush Street Interactive has a 1-year low of $15.51 and a 1-year high of $34.53. The business’s fifty day moving average price is $28.71 and its two-hundred day moving average price is $25.87.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 46.3% compared to the same quarter last year. Equities research analysts expect that Rush Street Interactive will post 0.49 earnings per share for the current fiscal year.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Schwartz sold 111,112 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $28.02, for a total value of $3,113,358.24. Following the completion of the sale, the chief executive officer directly owned 421,258 shares of the company’s stock, valued at approximately $11,803,649.16. This represents a 20.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total transaction of $624,400.00. Following the transaction, the chief operating officer owned 197,874 shares of the company’s stock, valued at approximately $6,177,626.28. This trade represents a 9.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 614,000 shares of company stock valued at $17,394,492 over the last 90 days. 52.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System grew its position in Rush Street Interactive by 5.2% in the first quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock worth $184,000 after buying an additional 419 shares during the last quarter. Man Group plc lifted its position in shares of Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock valued at $1,334,000 after acquiring an additional 654 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock worth $460,000 after acquiring an additional 1,042 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth $35,000. Finally, ProShare Advisors LLC grew its holdings in shares of Rush Street Interactive by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock worth $325,000 after acquiring an additional 1,561 shares during the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

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.