Rush Street Interactive (NYSE:RSI) Shares Gap Down – Should You Sell?

Rush Street Interactive, Inc. (NYSE:RSI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $30.77, but opened at $28.38. Rush Street Interactive shares last traded at $27.64, with a volume of 413,846 shares.

Key Stories Impacting Rush Street Interactive

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Strong Q2 performance and higher guidance: RSI reported second-quarter revenue of approximately $393.8 million, up 46.3% year over year, while adjusted earnings of $0.15 per share matched estimates and improved from $0.11 a year earlier. Management projected 2026 revenue of $1.56 billion to $1.60 billion, supported by growth in online casino and the Alberta launch. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Casino-first strategy is gaining traction: Coverage highlights record revenue and adjusted EBITDA growth as the company relies more heavily on its online casino business, which has helped offset slower sportsbook momentum. Rush Street’s Casino-First Strategy Pays Off as Sportsbooks Slow
• Positive Sentiment: Analysts raised targets: Wells Fargo increased its target from $35 to $36 and maintained an “overweight” rating, while Citizens JMP raised its target from $33 to $34 and kept a “market outperform” rating. These targets imply substantial upside and reinforce improving confidence in RSI’s growth outlook. Analyst Price Target Updates
• Positive Sentiment: Additional market opportunity: A CFTC filing reportedly keeps RSI’s options open to participate in prediction markets, potentially creating a new growth avenue if regulations permit. Rush Street Keeps Prediction Market Options Open With CFTC Filing
• Neutral Sentiment: Broader commentary views gambling companies as attractive for resilient demand and pricing power, but also flags regulatory, litigation and ESG risks. RSI’s elevated valuation and sportsbook slowdown remain considerations for investors. Sin Stocks: Why Investors Continue to Bet on Controversial Companies

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RSI shares. Susquehanna lifted their price target on Rush Street Interactive from $30.00 to $36.00 and gave the company a “positive” rating in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a $39.00 price target on shares of Rush Street Interactive in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Needham & Company LLC raised their price objective on Rush Street Interactive from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Oppenheimer lifted their target price on Rush Street Interactive from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Rush Street Interactive has a consensus rating of “Moderate Buy” and an average price target of $35.22.

Rush Street Interactive Price Performance

The stock’s 50-day moving average is $29.87 and its 200 day moving average is $24.32. The company has a market cap of $6.26 billion, a PE ratio of 92.79 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business had revenue of $393.78 million for the quarter, compared to analyst estimates of $367.75 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 46.3% on a year-over-year basis. On average, analysts expect that Rush Street Interactive, Inc. will post 0.5 EPS for the current year.

Insiders Place Their Bets

In related news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total transaction of $624,400.00. Following the transaction, the chief operating officer directly owned 197,874 shares in the company, valued at $6,177,626.28. The trade was a 9.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.53, for a total value of $725,190.00. Following the transaction, the chief financial officer directly owned 652,526 shares in the company, valued at $20,574,144.78. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,708,993 shares of company stock worth $69,135,460. 52.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in RSI. CoreCap Advisors LLC purchased a new stake in shares of Rush Street Interactive during the second quarter worth about $54,000. Kemnay Advisory Services Inc. acquired a new position in shares of Rush Street Interactive during the fourth quarter valued at about $47,000. Empowered Funds LLC acquired a new position in shares of Rush Street Interactive during the fourth quarter valued at about $55,000. Osaic Holdings Inc. raised its position in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares during the last quarter. Finally, US Bancorp DE purchased a new position in shares of Rush Street Interactive in the 3rd quarter valued at approximately $115,000. Institutional investors and hedge funds 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.