Rush Street Interactive (NYSE:RSI) Now Covered by Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of Rush Street Interactive (NYSE:RSI) in a report issued on Thursday,Benzinga reports. The brokerage set an “overweight” rating and a $26.00 price target on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 18.49% from the stock’s previous close.

Several other equities research analysts also recently weighed in on RSI. Craig Hallum reaffirmed a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a report on Wednesday, February 18th. Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Citigroup upgraded Rush Street Interactive to an “outperform” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.22.

Rush Street Interactive Trading Down 1.0%

Shares of NYSE:RSI opened at $21.94 on Thursday. Rush Street Interactive has a twelve month low of $9.66 and a twelve month high of $22.65. The company has a market cap of $5.10 billion, a PE ratio of 78.37 and a beta of 1.54. The company’s 50 day moving average is $18.94 and its 200 day moving average is $19.04.

Rush Street Interactive (NYSE:RSI) last released 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 analysts’ expectations of $305.08 million. During the same period last year, the company earned $0.07 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. Equities research analysts predict that Rush Street Interactive will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel W. Yih sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $20.14, for a total transaction of $1,007,000.00. Following the completion of the transaction, the director directly owned 131,678 shares of the company’s stock, valued at $2,651,994.92. This represents a 27.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kyle Sauers sold 160,067 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total value of $3,052,477.69. Following the transaction, the chief financial officer owned 663,306 shares in the company, valued at $12,649,245.42. This trade represents a 19.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,407,743 shares of company stock worth $26,371,042 in the last 90 days. 56.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rush Street Interactive

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Rush Street Interactive by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after purchasing an additional 227,783 shares during the period. Alliancebernstein L.P. increased its stake in shares of Rush Street Interactive by 1.3% during the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock worth $92,592,000 after purchasing an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. raised its position 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 purchasing an additional 2,496,109 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Rush Street Interactive by 17.3% during the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after purchasing an additional 378,002 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Rush Street Interactive by 8.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company’s stock valued at $48,913,000 after buying an additional 193,110 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.