Rush Street Interactive (NYSE:RSI) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Rush Street Interactive (NYSE:RSI) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

RSI has been the subject of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday. Jefferies Financial Group boosted their price target on Rush Street Interactive from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 7th. Susquehanna boosted their price objective on Rush Street Interactive from $22.00 to $23.00 and gave the company a “positive” rating in a research note on Tuesday, December 16th. Finally, Benchmark lifted their price objective on shares of Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Rush Street Interactive Price Performance

RSI opened at $20.13 on Monday. The firm has a market cap of $4.62 billion, a PE ratio of 80.50 and a beta of 1.65. The stock has a 50-day moving average price of $18.30 and a 200-day moving average price of $18.31. Rush Street Interactive has a 1 year low of $9.54 and a 1 year high of $22.65.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $277.91 million during the quarter, compared to analyst estimates of $264.60 million. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. As a group, sell-side analysts anticipate that Rush Street Interactive will post 0.04 EPS for the current year.

Insider Buying and Selling at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 59,757 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $18.82, for a total transaction of $1,124,626.74. Following the completion of the sale, the chief executive officer owned 454,821 shares of the company’s stock, valued at $8,559,731.22. This represents a 11.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mattias Stetz sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $18.51, for a total value of $555,300.00. Following the completion of the sale, the chief operating officer owned 164,806 shares of the company’s stock, valued at $3,050,559.06. This trade represents a 15.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 641,715 shares of company stock valued at $11,632,465. 56.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in Rush Street Interactive during the 2nd quarter worth approximately $361,000. Comerica Bank acquired a new position in shares of Rush Street Interactive in the first quarter worth $732,000. Arrowstreet Capital Limited Partnership increased its position in shares of Rush Street Interactive by 38.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock worth $21,509,000 after acquiring an additional 398,089 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Rush Street Interactive by 106.1% in the first quarter. Cubist Systematic Strategies LLC now owns 476,210 shares of the company’s stock valued at $5,105,000 after acquiring an additional 245,126 shares in the last quarter. Finally, Strs Ohio purchased a new position in Rush Street Interactive in the first quarter valued at $589,000. 24.78% of the stock is currently owned by hedge funds and other 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.