Rush Street Interactive (NYSE:RSI) Stock Rating Upgraded by Freedom Capital

Rush Street Interactive (NYSE:RSI) was upgraded by investment analysts at Freedom Capital to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

RSI has been the topic of several other research reports. Needham & Company LLC increased their price objective on Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Citigroup raised shares of Rush Street Interactive to an “outperform” rating 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. Susquehanna set a $22.00 price target on shares of Rush Street Interactive in a research report on Wednesday, January 21st. Finally, Oppenheimer lifted their price objective on shares of Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.88.

Rush Street Interactive Trading Down 1.1%

Rush Street Interactive stock opened at $20.84 on Wednesday. Rush Street Interactive has a 12 month low of $9.63 and a 12 month high of $22.65. The stock’s 50 day moving average is $18.60 and its 200-day moving average is $19.10. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 74.43 and a beta of 1.54.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $324.89 million for the quarter, compared to analyst estimates of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. As a group, equities research analysts predict that Rush Street Interactive will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Mattias Stetz sold 3,398 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $20.22, for a total transaction of $68,707.56. Following the completion of the sale, the chief operating officer owned 249,624 shares of the company’s stock, valued at $5,047,397.28. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel W. Yih sold 50,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $20.14, for a total transaction of $1,007,000.00. Following the sale, the director owned 131,678 shares in the company, valued at $2,651,994.92. The trade was a 27.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,372,743 shares of company stock valued at $25,614,892. Company insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Rush Street Interactive in the third quarter valued at approximately $4,232,000. Emerald Advisers LLC raised its position in Rush Street Interactive by 12.6% during the third quarter. Emerald Advisers LLC now owns 1,341,739 shares of the company’s stock valued at $27,479,000 after purchasing an additional 149,918 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Rush Street Interactive by 38.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock worth $21,509,000 after purchasing an additional 398,089 shares during the last quarter. Vanguard Group Inc. lifted its stake in Rush Street Interactive by 1.2% during the third quarter. Vanguard Group Inc. now owns 8,822,279 shares of the company’s stock worth $180,680,000 after purchasing an additional 107,671 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Rush Street Interactive by 11.0% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 825,244 shares of the company’s stock valued at $16,901,000 after purchasing an additional 82,055 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.