Rush Street Interactive (NYSE:RSI) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Rush Street Interactive (NYSE:RSI) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Rush Street Interactive from $22.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday. Craig Hallum reissued a “buy” rating and issued a $29.00 price target on shares of Rush Street Interactive in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Rush Street Interactive from $36.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday. Barclays decreased their price target on shares of Rush Street Interactive from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Needham & Company LLC dropped their price objective on shares of Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.54.

Rush Street Interactive Stock Down 11.1%

RSI opened at $12.11 on Friday. The stock’s 50 day moving average price is $21.52 and its two-hundred day moving average price is $23.74. The firm has a market capitalization of $2.81 billion, a P/E ratio of 36.70 and a beta of 1.71. Rush Street Interactive has a 12-month low of $11.88 and a 12-month high of $34.53.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Rush Street Interactive had a return on equity of 24.46% and a net margin of 2.56%. The company had revenue of $385.85 million during the quarter, compared to analyst estimates of $388.05 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. As a group, analysts anticipate that Rush Street Interactive will post 0.49 earnings per share for the current year.

Insider Buying and Selling at Rush Street Interactive

In other news, CEO Richard Schwartz sold 47,222 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $19.88, for a total value of $938,773.36. Following the completion of the transaction, the chief executive officer owned 374,036 shares in the company, valued at approximately $7,435,835.68. This represents a 11.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 shares were acquired at an average cost of $19.35 per share, with a total value of $29,025.00. Following the completion of the acquisition, the director directly owned 18,883 shares in the company, valued at $365,386.05. This trade represents a 8.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 603,998 shares of company stock worth $14,814,268. Corporate insiders own 52.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSI. BlackRock Inc. bought a new stake in Rush Street Interactive in the second quarter valued at $448,435,000. Arrowstreet Capital Limited Partnership raised its stake in Rush Street Interactive by 84.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock worth $60,121,000 after acquiring an additional 1,267,622 shares in the last quarter. Renaissance Technologies LLC raised its stake in Rush Street Interactive by 15.9% during the first quarter. Renaissance Technologies LLC now owns 2,285,000 shares of the company’s stock worth $49,699,000 after acquiring an additional 312,700 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Rush Street Interactive during the second quarter worth $48,647,000. Finally, Bank of America Corp DE bought a new position in shares of Rush Street Interactive during the second quarter valued at $34,015,000. Institutional investors own 24.78% of the company’s stock.

More Rush Street Interactive News

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

• Positive Sentiment: Q3 earnings beat expectations: RSI reported adjusted earnings of $0.15 per share, up from $0.09 a year earlier and ahead of the roughly $0.14 Wall Street estimate. Revenue increased 38.8% year over year to approximately $385.9 million, with online casino operations contributing 75% of total revenue. Rush Street Interactive Q3 Earnings Top Estimates
• Positive Sentiment: Analysts remain broadly constructive: Barclays, Wells Fargo, Oppenheimer, Needham and Citizens JMP maintained bullish ratings, including overweight, outperform, buy and market outperform recommendations. Even after reductions, their targets imply substantial upside from current levels. Barclays Lowers Rush Street Interactive Price Target
• Neutral Sentiment: Full-year guidance was reiterated or updated around consensus: RSI’s 2026 revenue outlook remains approximately $1.56 billion to $1.60 billion, while the latest guidance of $1.6 billion is in line with analyst expectations. This limits the risk of a major forecast cut but offers little incremental upside.
• Negative Sentiment: Revenue fell short of estimates: Despite strong growth, Q3 sales were below the approximately $388.1 million consensus forecast. Investors may be concerned that growth is not translating into results above expectations. Rush Street Interactive Reports Sales Below Estimates
• Negative Sentiment: October trends point to the low end of guidance: Management indicated that current October performance may lead RSI toward the lower end of its full-year revenue range, raising concerns about slowing momentum.
• Negative Sentiment: Multiple price targets were cut: JPMorgan reduced its target from $22 to $18 and shifted to neutral, while other firms lowered targets substantially despite retaining positive ratings. The revisions signal more cautious expectations following the earnings report.

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.