Rush Street Interactive, Inc. (NYSE:RSI – Get Free Report) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $29.25.
RSI has been the subject of several analyst reports. Citizens Jmp upped their target price on Rush Street Interactive from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upped their target price on Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Needham & Company LLC upped their target price on Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company upped their target price on Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Freedom Capital raised Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th.
Rush Street Interactive Price Performance
Rush Street Interactive (NYSE:RSI – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The company had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.83 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company’s revenue was up 41.1% compared to the same quarter last year. Research analysts expect that Rush Street Interactive will post 0.47 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Chairman Neil Bluhm sold 1,371,150 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total value of $34,223,904.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith Gold sold 50,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $27.58, for a total value of $1,379,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,136,241 shares of company stock worth $78,637,133. Company insiders own 52.89% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new position in Rush Street Interactive in the fourth quarter valued at about $47,000. Empowered Funds LLC purchased a new position in Rush Street Interactive in the fourth quarter valued at about $55,000. Osaic Holdings Inc. boosted its holdings in Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares during the last quarter. US Bancorp DE purchased a new position in Rush Street Interactive in the third quarter valued at about $115,000. Finally, Lazard Asset Management LLC purchased a new position in Rush Street Interactive in the second quarter valued at about $90,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.
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.
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