Analysts Set Rush Street Interactive, Inc. (NYSE:RSI) PT at $28.63

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $28.6250.

Several brokerages recently weighed in on RSI. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Benchmark increased their price target on Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Jefferies Financial Group increased their price target on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Susquehanna increased their price target on Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Needham & Company LLC increased their price target on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th.

Rush Street Interactive Trading Up 3.5%

Shares of RSI opened at $27.72 on Friday. The firm has a market capitalization of $6.45 billion, a P/E ratio of 89.41 and a beta of 1.65. The stock’s fifty day simple moving average is $23.29 and its 200 day simple moving average is $20.07. Rush Street Interactive has a twelve month low of $11.50 and a twelve month high of $29.24.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.83 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. Sell-side analysts predict that Rush Street Interactive will post 0.47 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Mattias Stetz sold 11,175 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total value of $278,928.00. Following the completion of the sale, the chief operating officer directly owned 237,874 shares in the company, valued at approximately $5,937,335.04. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 106,500 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $2,658,240.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,365,020 shares of company stock valued at $82,047,010 in the last 90 days. 52.89% of the stock is currently owned by company insiders.

Institutional Trading of Rush Street Interactive

Several large investors have recently added to or reduced their stakes in the stock. Cim LLC acquired a new stake in shares of Rush Street Interactive during the first quarter valued at about $496,000. California State Teachers Retirement System grew its stake in shares of Rush Street Interactive by 40.0% during the first quarter. California State Teachers Retirement System now owns 129,277 shares of the company’s stock valued at $2,812,000 after acquiring an additional 36,943 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Rush Street Interactive during the first quarter valued at about $1,769,000. Cooper Creek Partners Management LLC acquired a new stake in shares of Rush Street Interactive during the first quarter valued at about $24,874,000. Finally, Entropy Technologies LP grew its stake in shares of Rush Street Interactive by 61.4% during the first quarter. Entropy Technologies LP now owns 33,228 shares of the company’s stock valued at $723,000 after acquiring an additional 12,642 shares in the last quarter. 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.