Rush Street Interactive, Inc. (NYSE:RSI) Receives $29.25 Average Target Price from Brokerages

Rush Street Interactive, Inc. (NYSE:RSI) has earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.25.

A number of analysts recently commented on RSI shares. Jefferies Financial Group upped their price objective on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Benchmark upped their price target on shares of Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Susquehanna increased their price objective on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Finally, Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th.

Rush Street Interactive Trading Up 0.2%

NYSE:RSI opened at $32.29 on Friday. Rush Street Interactive has a 12 month low of $14.38 and a 12 month high of $32.52. The company has a market cap of $7.51 billion, a PE ratio of 104.16 and a beta of 1.56. The company has a 50 day simple moving average of $28.22 and a two-hundred day simple moving average of $22.78.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $370.36 million for the quarter, compared to analysts’ expectations of $330.82 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The company’s revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Research analysts forecast that Rush Street Interactive will post 0.47 earnings per share for the current year.

Insider Buying and Selling at Rush Street Interactive

In related news, COO Mattias Stetz sold 74,500 shares of Rush Street Interactive stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total transaction of $1,859,520.00. Following the transaction, the chief operating officer directly owned 237,874 shares in the company, valued at approximately $5,937,335.04. The trade was a 23.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith Gold sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $27.58, for a total value of $1,379,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,139,379 shares of company stock worth $80,407,830. 52.89% of the stock is owned by insiders.

Institutional Trading of Rush Street Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of RSI. Precision Wealth Strategies LLC purchased a new stake in Rush Street Interactive in the 4th quarter worth approximately $1,680,000. UBS Group AG lifted its holdings in Rush Street Interactive by 4.0% during the fourth quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock valued at $20,154,000 after purchasing an additional 40,232 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Rush Street Interactive in the fourth quarter worth approximately $2,053,000. Vanguard Group Inc. boosted its position in shares of Rush Street Interactive by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after purchasing an additional 227,783 shares during the period. Finally, William Blair Investment Management LLC increased its stake in shares of Rush Street Interactive by 17.3% in the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after purchasing an additional 378,002 shares in the last quarter. 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.