Rush Street Interactive (NYSE:RSI) Stock Rating Lowered by Wall Street Zen

Rush Street Interactive (NYSE:RSI) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

RSI has been the subject of a number of other research reports. Weiss Ratings cut Rush Street Interactive from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Benchmark boosted their price objective on shares of Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company upped their target price on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.22.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock opened at $26.60 on Friday. Rush Street Interactive has a 52-week low of $15.51 and a 52-week high of $34.53. The company’s 50 day moving average price is $28.80 and its 200-day moving average price is $25.80. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 91.73 and a beta of 1.51.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $393.78 million for the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company’s revenue was up 46.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, equities research analysts forecast that Rush Street Interactive will post 0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $26.56, for a total value of $610,880.00. Following the completion of the transaction, the chief financial officer directly owned 606,526 shares in the company, valued at $16,109,330.56. This represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,110 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $25.69, for a total transaction of $2,854,415.90. Following the completion of the sale, the chief executive officer directly owned 421,258 shares of the company’s stock, valued at approximately $10,822,118.02. This trade represents a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 614,000 shares of company stock worth $17,394,492. Company insiders own 52.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in shares of Rush Street Interactive in the second quarter worth about $35,000. Kemnay Advisory Services Inc. purchased a new position in shares of Rush Street Interactive in the fourth quarter worth $47,000. CoreCap Advisors LLC bought a new position in shares of Rush Street Interactive during the second quarter worth $54,000. Empowered Funds LLC bought a new position in shares of Rush Street Interactive during the fourth quarter worth $55,000. Finally, Allworth Financial LP purchased a new position in Rush Street Interactive during the second quarter valued at $57,000. 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.