Analysts Set Rush Street Interactive, Inc. (NYSE:RSI) Price Target at $23.22
by Danessa Lincoln · The Markets DailyShares of Rush Street Interactive, Inc. (NYSE:RSI – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.2222.
Several research analysts recently commented on RSI shares. 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. Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. Craig Hallum reaffirmed a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Finally, Susquehanna set a $22.00 price objective on Rush Street Interactive in a research note on Wednesday, January 21st.
View Our Latest Report on Rush Street Interactive
Rush Street Interactive Stock Performance
Shares of RSI stock opened at $22.76 on Friday. The stock has a 50 day moving average price of $19.26 and a 200 day moving average price of $19.08. Rush Street Interactive has a 52-week low of $9.66 and a 52-week high of $22.80. The firm has a market capitalization of $5.29 billion, a P/E ratio of 81.28 and a beta of 1.45.
Rush Street Interactive (NYSE:RSI – Get Free Report) last announced 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). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The business had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. During the same period last year, the company earned $0.07 EPS. The business’s revenue was up 27.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Rush Street Interactive will post 0.04 EPS for the current year.
Insiders Place Their Bets
In related news, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction dated 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 directly owned 640,306 shares in the company, valued at $12,460,354.76. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard Todd Schwartz sold 90,482 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $22.04, for a total transaction of $1,994,223.28. Following the completion of the sale, the chief executive officer directly owned 435,801 shares of the company’s stock, valued at approximately $9,605,054.04. This trade represents a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,408,225 shares of company stock worth $26,706,765. 56.94% of the stock is owned by company insiders.
Institutional Investors Weigh In On Rush Street Interactive
Several large investors have recently modified their holdings of RSI. Concord Wealth Partners bought a new position in Rush Street Interactive in the third quarter worth approximately $41,000. Kemnay Advisory Services Inc. bought a new stake in Rush Street Interactive during the 4th quarter valued at $47,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter valued at $55,000. Osaic Holdings Inc. increased its holdings 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 acquiring an additional 1,868 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Rush Street Interactive in the 2nd quarter worth $90,000. Institutional investors own 24.78% of the company’s stock.
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.