Rush Street Interactive (NYSE:RSI) Shares Down 5.1% – Time to Sell?

Rush Street Interactive, Inc. (NYSE:RSI) shares were down 5.1% during mid-day trading on Thursday . The stock traded as low as $17.57 and last traded at $17.54. Approximately 410,321 shares changed hands during trading, a decline of 69% from the average daily volume of 1,320,559 shares. The stock had previously closed at $18.48.

Wall Street Analyst Weigh In

RSI has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Susquehanna set a $22.00 target price on shares of Rush Street Interactive in a research note on Wednesday. Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Rush Street Interactive Price Performance

The stock’s 50 day simple moving average is $18.78 and its two-hundred day simple moving average is $18.82. The firm has a market cap of $3.94 billion, a P/E ratio of 68.78 and a beta of 1.57.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $277.91 million for the quarter, compared to the consensus estimate of $264.60 million. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. Equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Insider Activity

In other news, CFO Kyle Sauers sold 160,067 shares of Rush Street Interactive stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.07, for a total value of $3,052,477.69. Following the completion of the transaction, the chief financial officer owned 663,306 shares of the company’s stock, valued at $12,649,245.42. The trade was a 19.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Todd Schwartz sold 134,148 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $18.37, for a total transaction of $2,464,298.76. Following the sale, the chief executive officer directly owned 514,578 shares in the company, valued at $9,452,797.86. This trade represents a 20.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 876,212 shares of company stock worth $16,241,748 over the last three months. 56.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Rush Street Interactive

Institutional investors have recently made changes to their positions in the stock. Concord Wealth Partners purchased a new position in shares of Rush Street Interactive during the third quarter valued at approximately $41,000. Farther Finance Advisors LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth approximately $42,000. Osaic Holdings Inc. raised its stake in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after buying an additional 1,868 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Rush Street Interactive by 57.2% during the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock valued at $103,000 after buying an additional 1,830 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Rush Street Interactive in the 3rd quarter worth $105,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

About Rush Street Interactive

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.