Rush Street Interactive, Inc. (NYSE:RSI) Receives $29.25 Average Price Target from Analysts

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $29.6250.

RSI has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company upped their target price on shares of Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th.

Insider Activity

In related news, CEO Richard Todd Schwartz sold 47,222 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total transaction of $1,473,798.62. Following the sale, the chief executive officer owned 374,036 shares of the company’s stock, valued at approximately $11,673,663.56. This trade represents a 11.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $30.12, for a total value of $301,200.00. Following the transaction, the insider owned 93,256 shares in the company, valued at approximately $2,808,870.72. This represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,162,379 shares of company stock worth $81,133,020 in the last 90 days. Corporate insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors have recently modified their holdings of RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rush Street Interactive by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after purchasing an additional 1,893 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Rush Street Interactive by 18.8% in the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after buying an additional 109,366 shares in the last quarter. Prudential Financial Inc. bought a new position in Rush Street Interactive in the second quarter valued at approximately $166,000. Invesco Ltd. boosted its holdings in shares of Rush Street Interactive by 377.1% in the second quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after buying an additional 215,538 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Rush Street Interactive in the second quarter valued at approximately $3,766,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Up 2.3%

Shares of Rush Street Interactive stock traded up $0.75 during trading on Friday, reaching $33.38. 1,364,604 shares of the company were exchanged, compared to its average volume of 3,215,571. The business has a 50-day moving average price of $28.67 and a 200-day moving average price of $23.03. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 107.69 and a beta of 1.56. Rush Street Interactive has a twelve month low of $14.38 and a twelve month high of $33.52.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 41.1% on a year-over-year basis. On average, equities research analysts forecast that Rush Street Interactive will post 0.47 EPS for the current fiscal year.

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.