Rush Street Interactive (NYSE:RSI) Stock Gets Price Target Reduction from Wells Fargo & Company

Rush Street Interactive (NYSE:RSI) had its target price trimmed by Wells Fargo & Company from $36.00 to $26.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC dropped their target price on Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer decreased their price target on Rush Street Interactive from $36.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings upgraded Rush Street Interactive from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, October 21st. Barclays assumed coverage on shares of Rush Street Interactive in a research note on Friday, October 23rd. They set an “overweight” rating and a $24.00 price objective for the company. Finally, Wall Street Zen cut shares of Rush Street Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. One equities 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, the stock 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 NYSE:RSI opened at $12.11 on Thursday. The company has a market cap of $2.81 billion, a price-to-earnings 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. The company has a 50-day moving average price of $21.52 and a 200 day moving average price of $23.74.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $388.05 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. As a group, equities analysts forecast that Rush Street Interactive will post 0.49 EPS for the current year.

Insider Activity

In other Rush Street Interactive news, Director Jack A. Markell purchased 1,500 shares of Rush Street Interactive stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of $19.35 per share, for a total transaction of $29,025.00. Following the completion of the acquisition, the director owned 18,883 shares in the company, valued at $365,386.05. This represents a 8.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Richard Schwartz sold 47,222 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $19.88, for a total value of $938,773.36. Following the sale, the chief executive officer directly owned 374,036 shares of the company’s stock, valued at $7,435,835.68. This represents a 11.21% decrease in their ownership of the stock. 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 sold 603,998 shares of company stock worth $14,814,268 in the last ninety days. 52.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rush Street Interactive

A number of large investors have recently bought and sold shares of RSI. BlackRock Inc. bought a new position in Rush Street Interactive in the 2nd quarter valued at $448,435,000. Arrowstreet Capital Limited Partnership lifted its position in shares of 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 purchasing an additional 1,267,622 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 purchasing an additional 312,700 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Rush Street Interactive during the second quarter valued at $48,647,000. Finally, Bank of America Corp DE purchased a new stake in shares of Rush Street Interactive during the second quarter valued at $34,015,000. Hedge funds and other 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.