Rush Street Interactive (NYSE:RSI) Price Target Raised to $21.00

Rush Street Interactive (NYSE:RSI) had its price objective raised by JPMorgan Chase & Co. from $20.00 to $21.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Susquehanna set a $22.00 price target on shares of Rush Street Interactive in a research note on Wednesday, January 21st. Needham & Company LLC increased their price target on shares of Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” 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. Oppenheimer increased their price target on shares of Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, Benchmark reiterated a “buy” rating on shares of Rush Street Interactive in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Rush Street Interactive Trading Up 1.1%

Shares of NYSE RSI opened at $22.93 on Thursday. Rush Street Interactive has a 12 month low of $11.12 and a 12 month high of $23.41. The firm has a market capitalization of $5.33 billion, a PE ratio of 81.89 and a beta of 1.45. The firm has a fifty day simple moving average of $20.33 and a two-hundred day simple moving average of $19.10.

Rush Street Interactive (NYSE:RSI) last issued 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). The company had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. On average, sell-side analysts predict that Rush Street Interactive will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 61,765 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $22.60, for a total transaction of $1,395,889.00. Following the completion of the sale, the chief executive officer directly owned 374,036 shares in the company, valued at approximately $8,453,213.60. This trade represents a 14.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $22.62, for a total value of $520,260.00. Following the completion of the sale, the chief financial officer owned 677,258 shares of the company’s stock, valued at $15,319,575.96. The trade was a 3.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239,588 shares of company stock worth $24,025,669 in the last 90 days. Insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings in shares of Rush Street Interactive by 20.6% in the first quarter. SG Americas Securities LLC now owns 322,374 shares of the company’s stock worth $7,012,000 after acquiring an additional 55,040 shares during the period. Diversified Trust Co grew its position in shares of Rush Street Interactive by 8.9% during the 1st quarter. Diversified Trust Co now owns 31,442 shares of the company’s stock valued at $684,000 after acquiring an additional 2,578 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Rush Street Interactive during the 4th quarter valued at $197,000. Fuller & Thaler Asset Management Inc. grew its position in shares of Rush Street Interactive by 8.3% during 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 acquiring an additional 193,110 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Rush Street Interactive during the 4th quarter valued at $55,000. 24.78% of the stock is currently owned by institutional investors.

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.