Rush Street Interactive (NYSE:RSI) Given New $24.00 Price Target at Citizens Jmp

Rush Street Interactive (NYSE:RSI) had its price target lowered by equities research analysts at Citizens Jmp from $34.00 to $24.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp‘s price target indicates a potential upside of 69.19% from the company’s previous close.

Several other brokerages have also recently commented on RSI. JPMorgan Chase & Co. reduced their price objective on shares of Rush Street Interactive from $30.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, October 20th. Wells Fargo & Company dropped their price objective on Rush Street Interactive from $36.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday. Needham & Company LLC reduced their price objective on Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of Rush Street Interactive in a report on Thursday. Finally, Citigroup reissued a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.83.

Rush Street Interactive Stock Performance

RSI traded down $0.94 during trading on Thursday, hitting $14.19. The stock had a trading volume of 3,676,219 shares, compared to its average volume of 2,526,674. The firm has a market capitalization of $3.29 billion, a P/E ratio of 48.79 and a beta of 1.71. The company’s 50-day moving average price is $22.03 and its 200 day moving average price is $23.80. Rush Street Interactive has a twelve month low of $13.57 and a twelve month high of $34.53.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $385.85 million during the quarter, compared to analysts’ expectations of $388.05 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business’s revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. As a group, equities analysts expect that Rush Street Interactive will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Rush Street Interactive

In other news, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $19.87, for a total transaction of $397,400.00. Following the completion of the transaction, the chief operating officer directly owned 137,874 shares of the company’s stock, valued at $2,739,556.38. This trade represents a 12.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack Markell acquired 1,500 shares of Rush Street Interactive stock in a transaction dated Friday, September 25th. The stock was bought at an average price of $19.35 per share, for a total transaction of $29,025.00. Following the completion of the transaction, the director directly owned 18,883 shares of the company’s stock, valued at approximately $365,386.05. This represents a 8.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 603,998 shares of company stock valued at $14,814,268 over the last three months. Company insiders own 52.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System increased its stake in Rush Street Interactive by 5.2% during the first quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock worth $184,000 after acquiring an additional 419 shares during the last quarter. Allworth Financial LP increased its position in Rush Street Interactive by 38.1% during the 2nd quarter. Allworth Financial LP now owns 1,917 shares of the company’s stock worth $57,000 after purchasing an additional 529 shares in the last quarter. ProShare Advisors LLC grew its stake in Rush Street Interactive by 7.0% during the third quarter. ProShare Advisors LLC now owns 15,523 shares of the company’s stock worth $316,000 after buying an additional 1,012 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Rush Street Interactive in the second quarter worth $35,000. Finally, CoreCap Advisors LLC purchased a new position in shares of Rush Street Interactive in the 2nd quarter valued at $54,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive News Roundup

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Third-quarter revenue increased 39% year over year to $385.9 million, while net income rose 93% to $28.7 million and adjusted EBITDA climbed 73% to $62.2 million. North American monthly active users also reached a record. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Positive Sentiment: Adjusted earnings were $0.15 per share, ahead of the $0.13 analyst consensus and up from $0.09 a year earlier. Online casino operations contributed approximately 75% of total revenue, highlighting RSI’s higher-margin core business. Rush Street Interactive Q3 Earnings Top Estimates
• Neutral Sentiment: Management reiterated its 2026 revenue outlook of $1.56 billion to $1.60 billion, but said current October trends point toward the lower end of that range. Full-year guidance was otherwise maintained. Rush Street Interactive Reiterates 2026 Revenue Outlook
• Negative Sentiment: Quarterly revenue of $385.9 million fell short of the $388.1 million consensus estimate. The modest sales miss, combined with the lower-end outlook, appears to be outweighing the earnings beat. Rush Street Interactive Reports Sales Below Analyst Estimates
• Negative Sentiment: Wells Fargo, Oppenheimer, and Needham each lowered their RSI price targets from $36 to $26, $25, and $25, respectively. Although they retained bullish ratings—Overweight, Outperform, and Buy—the reductions signal more cautious near-term expectations. Wells Fargo RSI Analyst Rating

Rush Street Interactive Company Profile

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.