Rush Street Interactive, Inc. (NYSE:RSI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Rush Street Interactive, Inc. (NYSE:RSI) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.8750.

RSI has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Citizens Jmp upgraded Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Wednesday, February 18th. Citigroup raised shares of Rush Street Interactive to an “outperform” rating in a report on Wednesday, February 18th. Finally, Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 247,113 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $19.83, for a total transaction of $4,900,250.79. Following the completion of the sale, the chief executive officer directly owned 454,821 shares in the company, valued at $9,019,100.43. This represents a 35.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $19.46, for a total value of $447,580.00. Following the completion of the sale, the chief financial officer owned 640,306 shares of the company’s stock, valued at approximately $12,460,354.76. The trade was a 3.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,382,500 shares of company stock valued at $25,732,519. 56.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Concord Wealth Partners bought a new stake in Rush Street Interactive in the 3rd quarter worth about $41,000. Kemnay Advisory Services Inc. purchased a new position in Rush Street Interactive in the fourth quarter valued at approximately $47,000. Empowered Funds LLC purchased a new stake in Rush Street Interactive in the fourth quarter worth $55,000. Osaic Holdings Inc. lifted its position in shares of 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. Finally, Lazard Asset Management LLC purchased a new stake in Rush Street Interactive in the 2nd quarter worth about $90,000. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Stock Down 0.0%

Shares of Rush Street Interactive stock opened at $20.87 on Monday. Rush Street Interactive has a 12 month low of $9.54 and a 12 month high of $22.65. The stock has a market cap of $4.85 billion, a PE ratio of 74.54 and a beta of 1.54. The business has a fifty day simple moving average of $18.50 and a 200 day simple moving average of $19.07.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. Analysts expect that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

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.