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

Rush Street Interactive (NYSE:RSI) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

RSI has been the topic of several other reports. Craig Hallum reaffirmed a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a research report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $29.00 target price on shares of Rush Street Interactive in a research note on Sunday, January 25th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday. Finally, Susquehanna set a $22.00 price target on shares of Rush Street Interactive in a report on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Rush Street Interactive Price Performance

NYSE:RSI opened at $18.52 on Friday. The stock has a market cap of $4.25 billion, a PE ratio of 66.13 and a beta of 1.54. Rush Street Interactive has a fifty-two week low of $9.54 and a fifty-two week high of $22.65. The stock’s 50-day moving average is $18.42 and its two-hundred day moving average is $19.03.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The company had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. During the same period last year, the company earned $0.07 earnings per share. Rush Street Interactive’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities research analysts anticipate that Rush Street Interactive will post 0.04 earnings per share for the current year.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 247,114 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $16.82, for a total value of $4,156,457.48. Following the completion of the sale, the chief executive officer owned 701,934 shares in the company, valued at approximately $11,806,529.88. This trade represents a 26.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kyle Sauers sold 160,067 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total value of $3,052,477.69. Following the sale, the chief financial officer owned 663,306 shares in the company, valued at approximately $12,649,245.42. This represents a 19.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,166,535 shares of company stock worth $21,201,337 over the last three months. Company insiders own 56.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Rush Street Interactive by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after purchasing an additional 227,783 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Rush Street Interactive by 1.3% during the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock worth $92,592,000 after buying an additional 80,471 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Rush Street Interactive by 763.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after buying an additional 2,496,109 shares during the period. William Blair Investment Management LLC boosted its stake in Rush Street Interactive by 17.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock valued at $49,698,000 after buying an additional 378,002 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in Rush Street Interactive by 8.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company’s stock valued at $48,913,000 after acquiring an additional 193,110 shares during the period. 24.78% of the stock is owned by institutional investors.

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.