Rush Street Interactive (NYSE:RSI) Stock Gets Price Target Cut from Needham & Company LLC

Rush Street Interactive (NYSE:RSI) had its target price cut by Needham & Company LLC from $36.00 to $25.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on RSI. Barclays assumed coverage on shares of Rush Street Interactive in a research note on Friday, October 23rd. They issued an “overweight” rating and a $24.00 price target for the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $34.00 price target on shares of Rush Street Interactive in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. decreased their price objective on Rush Street Interactive from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Stifel Nicolaus decreased their price objective on Rush Street Interactive from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Finally, Susquehanna lowered their price objective on Rush Street Interactive from $37.00 to $27.00 and set a “positive” rating for the company in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.54.

Rush Street Interactive Trading Down 11.1%

Shares of RSI opened at $12.11 on Thursday. Rush Street Interactive has a 12-month low of $11.88 and a 12-month high of $34.53. The firm has a 50-day moving average price of $21.52 and a 200 day moving average price of $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 (NYSE:RSI) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.56% and a return on equity of 24.46%. The firm had revenue of $385.85 million during the quarter, compared to analysts’ expectations of $388.05 million. During the same period last year, the business earned $0.09 earnings per share. Rush Street Interactive’s revenue was up 38.8% compared to the same quarter last year. Equities research analysts predict 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 Rush Street Interactive news, Director Jack Markell purchased 1,500 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was bought at an average price of $19.35 per share, with a total value of $29,025.00. Following 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $20.31, for a total transaction of $467,130.00. Following the completion of the transaction, the chief financial officer owned 583,526 shares of the company’s stock, valued at approximately $11,851,413.06. This trade represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 603,998 shares of company stock valued at $14,814,268 in the last quarter. Corporate insiders own 52.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

Hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System grew its stake in Rush Street Interactive by 5.2% during the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock worth $184,000 after purchasing an additional 419 shares in the last quarter. Allworth Financial LP increased its holdings 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 during the period. ProShare Advisors LLC increased its holdings in Rush Street Interactive by 7.0% during the 3rd quarter. ProShare Advisors LLC now owns 15,523 shares of the company’s stock worth $316,000 after purchasing an additional 1,012 shares during the period. Global Retirement Partners LLC acquired a new stake in Rush Street Interactive in the 2nd quarter valued at about $35,000. Finally, CoreCap Advisors LLC acquired a new stake in Rush Street Interactive in the 2nd quarter valued at about $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: 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.