Brokerages Set Rush Street Interactive, Inc. (NYSE:RSI) Price Target at $23.67

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $23.6667.

Several brokerages have issued reports on RSI. Citizens Jmp lifted their price target on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 8th. Oppenheimer lifted their price target on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Citigroup upgraded shares of Rush Street Interactive to an “outperform” rating in a research note on Wednesday, February 18th. Finally, Benchmark restated a “buy” rating on shares of Rush Street Interactive in a research note on Wednesday, February 18th.

Rush Street Interactive Stock Up 1.0%

Shares of RSI stock opened at $23.34 on Tuesday. The company’s fifty day simple moving average is $20.82 and its 200-day simple moving average is $19.21. The firm has a market cap of $5.42 billion, a PE ratio of 83.34 and a beta of 1.45. Rush Street Interactive has a 12 month low of $11.12 and a 12 month high of $23.91.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (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 analyst estimates of $305.08 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. On average, equities analysts predict that Rush Street Interactive will post 0.43 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 247,114 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $17.61, for a total transaction of $4,351,677.54. Following the transaction, the chief executive officer directly owned 949,048 shares in the company, valued at $16,712,735.28. The trade was a 20.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judith Gold sold 48,286 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $23.07, for a total transaction of $1,113,958.02. 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. Insiders have sold 1,239,588 shares of company stock valued at $24,025,669 over the last quarter. 56.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in shares of Rush Street Interactive by 763.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after buying an additional 2,496,109 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Rush Street Interactive by 247.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock worth $27,229,000 after buying an additional 946,673 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Rush Street Interactive by 47.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock worth $43,562,000 after buying an additional 683,486 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Rush Street Interactive by 76.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company’s stock worth $26,065,000 after buying an additional 580,568 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Rush Street Interactive during the 4th quarter worth about $10,972,000. 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.