Shares of Rush Street Interactive, Inc. (NYSE:RSI – Get Free Report) fell 8.2% during trading on Wednesday . The company traded as low as $26.41 and last traded at $26.0690. 2,735,665 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 2,329,753 shares. The stock had previously closed at $28.39.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Rush Street Interactive from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $39.00 target price on shares of Rush Street Interactive in a research note on Thursday, July 30th. New Street Research set a $35.00 price target on shares of Rush Street Interactive in a research report on Thursday, July 23rd. Finally, Citigroup reissued a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and a consensus price target of $35.22.
Rush Street Interactive Trading Down 8.1%
Rush Street Interactive (NYSE:RSI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $393.78 million for the quarter, compared to analysts’ expectations of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts expect that Rush Street Interactive, Inc. will post 0.5 EPS for the current fiscal year.
Insider Buying and Selling at Rush Street Interactive
In other news, insider Paul Wierbicki sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $30.12, for a total value of $301,200.00. Following the sale, the insider directly owned 93,256 shares of the company’s stock, valued at $2,808,870.72. This represents a 9.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.53, for a total transaction of $725,190.00. Following the completion of the transaction, the chief financial officer owned 652,526 shares of the company’s stock, valued at approximately $20,574,144.78. The trade was a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 412,668 shares of company stock worth $11,740,298. Corporate insiders own 52.89% of the company’s stock.
Hedge Funds Weigh In On Rush Street Interactive
Institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC purchased a new position in shares of Rush Street Interactive during the second quarter valued at approximately $54,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $47,000. Empowered Funds LLC purchased a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $55,000. Osaic Holdings Inc. grew its stake in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares during the last quarter. Finally, US Bancorp DE bought a new position in Rush Street Interactive during the 3rd quarter valued at approximately $115,000. 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.
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