Wall Street Zen Upgrades Rush Street Interactive (NYSE:RSI) to “Buy”

Rush Street Interactive (NYSE:RSI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on RSI. Susquehanna lowered their target price on shares of Rush Street Interactive from $37.00 to $27.00 and set a “positive” rating on the stock in a report on Friday, October 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rush Street Interactive in a report on Thursday. Needham & Company LLC decreased their target price on Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their target price on Rush Street Interactive from $36.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Craig Hallum restated a “buy” rating and issued a $29.00 target price on shares of Rush Street Interactive in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average price target of $27.54.

Rush Street Interactive Stock Down 0.1%

RSI opened at $12.11 on Friday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 36.70 and a beta of 1.81. Rush Street Interactive has a fifty-two week low of $11.88 and a fifty-two week high of $34.53. The company’s 50-day moving average price is $21.52 and its 200 day moving average price is $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 analysts’ consensus estimates of $0.13 by $0.02. The business 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 2.56% and a return on equity of 24.46%. Rush Street Interactive’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. Research 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 Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $25.68, for a total transaction of $513,600.00. Following the completion of the transaction, the chief operating officer directly owned 157,874 shares in the company, valued at $4,054,204.32. This represents a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack A. Markell acquired 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, with a total value of $29,025.00. Following the completion of the transaction, the director directly owned 18,883 shares of the company’s stock, valued at $365,386.05. This trade represents a 8.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 402,664 shares of company stock worth $9,204,199. Company insiders own 52.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

A number of large investors have recently bought and sold shares of RSI. Covestor Ltd lifted its position in shares of Rush Street Interactive by 809.3% during the third quarter. Covestor Ltd now owns 3,537 shares of the company’s stock worth $72,000 after acquiring an additional 3,148 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Rush Street Interactive by 9.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 25,900 shares of the company’s stock worth $527,000 after purchasing an additional 2,200 shares in the last quarter. VCI Wealth Management LLC bought a new position in Rush Street Interactive during the third quarter valued at approximately $851,000. ProShare Advisors LLC lifted its stake in Rush Street Interactive by 7.0% in the third 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 last quarter. Finally, State of Wyoming boosted its position in Rush Street Interactive by 23.3% during the 3rd quarter. State of Wyoming now owns 31,491 shares of the company’s stock valued at $640,000 after acquiring an additional 5,959 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Rush Street Interactive

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.