Rush Street Interactive (NYSE:RSI) Stock Price Down 5.1% – Time to Sell?

Rush Street Interactive, Inc. (NYSE:RSI)’s share price dropped 5.1% during trading on Thursday . The stock traded as low as $17.57 and last traded at $17.54. Approximately 410,321 shares were traded during trading, a decline of 69% from the average daily volume of 1,320,559 shares. The stock had previously closed at $18.48.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Rush Street Interactive from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Oppenheimer restated an “outperform” rating and set a $24.00 price objective on shares of Rush Street Interactive in a research report on Thursday, October 30th. Jefferies Financial Group raised their target price on shares of Rush Street Interactive from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Susquehanna set a $22.00 target price on shares of Rush Street Interactive in a research report on Wednesday. Finally, Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.13.

Rush Street Interactive Price Performance

The company’s 50-day simple moving average is $18.77 and its two-hundred day simple moving average is $18.82. The firm has a market capitalization of $4.08 billion, a P/E ratio of 71.11 and a beta of 1.57.

Rush Street Interactive (NYSE:RSI) last announced 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. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The company had revenue of $277.91 million for the quarter, compared to analysts’ expectations of $264.60 million. During the same period last year, the firm earned $0.05 EPS. Rush Street Interactive’s revenue for the quarter was up 19.7% compared to the same quarter last year. Analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $19.22, for a total transaction of $2,135,572.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Mattias Stetz sold 90,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $19.09, for a total transaction of $1,718,100.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 876,212 shares of company stock worth $16,241,748. Company insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in Rush Street Interactive by 763.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after purchasing an additional 2,496,109 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Rush Street Interactive by 100.9% in the second quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock worth $35,353,000 after purchasing an additional 1,191,546 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Rush Street Interactive by 247.3% in the third quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock worth $27,229,000 after buying an additional 946,673 shares in the last quarter. 1060 Capital LLC purchased a new stake in shares of Rush Street Interactive in the second quarter worth about $11,222,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Rush Street Interactive by 47.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock valued at $43,562,000 after buying an additional 683,486 shares during the last quarter. 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.