Brokerages Set Rush Street Interactive, Inc. (NYSE:RSI) PT at $28.63

Rush Street Interactive, Inc. (NYSE:RSIGet Free Report) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.25.

A number of equities research analysts recently commented on the stock. Benchmark raised their price objective on shares of Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer raised their price objective on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday. Needham & Company LLC increased their target price on shares of Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their target price on shares of Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th.

Get Our Latest Stock Analysis on Rush Street Interactive

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 710,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Neil Bluhm sold 1,371,150 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total transaction of $34,223,904.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,365,020 shares of company stock valued at $82,047,010. 52.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RSI. Concord Wealth Partners purchased a new position in Rush Street Interactive in the third quarter valued at about $41,000. Kemnay Advisory Services Inc. purchased a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $47,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $55,000. Osaic Holdings Inc. increased its stake in shares of Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $90,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Down 1.1%

Shares of NYSE:RSI opened at $27.70 on Friday. The company has a market cap of $6.44 billion, a P/E ratio of 89.34 and a beta of 1.65. Rush Street Interactive has a 52 week low of $11.50 and a 52 week high of $29.24. The company has a 50-day moving average price of $23.58 and a 200 day moving average price of $20.21.

Rush Street Interactive (NYSE:RSIGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm’s revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. Analysts expect that Rush Street Interactive will post 0.47 EPS for the current year.

About Rush Street Interactive

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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.

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Analyst Recommendations for Rush Street Interactive (NYSE:RSI)

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