Rush Street Interactive (NYSE:RSI) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Rush Street Interactive (NYSE:RSI) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also weighed in on RSI. Wells Fargo & Company increased their target price on Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a $39.00 target price on shares of Rush Street Interactive in a report on Thursday, July 30th. Needham & Company LLC boosted their target price on Rush Street Interactive from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings cut Rush Street Interactive from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. One investment 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.22.

Rush Street Interactive Stock Performance

RSI opened at $26.60 on Friday. The company has a fifty day moving average price of $28.80 and a two-hundred day moving average price of $25.73. The firm has a market capitalization of $6.17 billion, a PE ratio of 91.73 and a beta of 1.51. Rush Street Interactive has a 52 week low of $15.51 and a 52 week high of $34.53.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The company had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. During the same quarter in the prior year, the business posted $0.11 EPS. The firm’s quarterly revenue was up 46.3% on a year-over-year basis. Equities analysts forecast that Rush Street Interactive will post 0.49 EPS for the current year.

Insider Buying and Selling

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $26.56, for a total transaction of $610,880.00. Following the transaction, the chief financial officer directly owned 606,526 shares in the company, valued at approximately $16,109,330.56. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,110 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $25.69, for a total value of $2,854,415.90. Following the completion of the transaction, the chief executive officer directly owned 421,258 shares of the company’s stock, valued at approximately $10,822,118.02. The trade was a 20.87% 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 quarter, insiders have sold 614,000 shares of company stock valued at $17,394,492. 52.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new position in shares of Rush Street Interactive in the fourth quarter valued at approximately $2,053,000. GSA Capital Partners LLP acquired a new stake in shares of Rush Street Interactive during the second quarter worth $1,996,000. Vanguard Group Inc. raised its holdings in shares of Rush Street Interactive by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after acquiring an additional 227,783 shares during the period. UBS Group AG lifted its position in Rush Street Interactive by 4.0% in the 4th quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock valued at $20,154,000 after acquiring an additional 40,232 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Rush Street Interactive by 17.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock valued at $49,698,000 after acquiring an additional 378,002 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.