Rush Street Interactive (NYSE:RSI) Hits New 52-Week High – Still a Buy?

Rush Street Interactive, Inc. (NYSE:RSI)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $29.80 and last traded at $29.4580, with a volume of 3864 shares changing hands. The stock had previously closed at $29.60.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Citizens Jmp upped their target price on shares of Rush Street Interactive from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Jefferies Financial Group upped their target price on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company upped their target price on shares of Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Rush Street Interactive Trading Down 3.4%

The stock has a market cap of $6.77 billion, a P/E ratio of 93.85 and a beta of 1.58. The company’s fifty day simple moving average is $25.81 and its 200-day simple moving average is $21.54.

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

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 47,222 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.58, for a total value of $1,207,938.76. Following the sale, the chief executive officer owned 374,036 shares of the company’s stock, valued at $9,567,840.88. The trade was a 11.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total transaction of $34,223,904.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,136,241 shares of company stock worth $78,637,133. Corporate insiders own 52.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Several large investors have recently made changes to their positions in the company. Prospect Capital Advisors LLC grew its holdings in shares of Rush Street Interactive by 9.1% in the 1st quarter. Prospect Capital Advisors LLC now owns 482,500 shares of the company’s stock worth $10,494,000 after purchasing an additional 40,050 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Rush Street Interactive by 81.8% in the 1st quarter. Bank of America Corp DE now owns 852,653 shares of the company’s stock worth $18,545,000 after purchasing an additional 383,745 shares during the last quarter. Cim LLC bought a new stake in shares of Rush Street Interactive in the 1st quarter worth about $496,000. California State Teachers Retirement System grew its holdings in shares of Rush Street Interactive by 40.0% in the 1st quarter. California State Teachers Retirement System now owns 129,277 shares of the company’s stock worth $2,812,000 after purchasing an additional 36,943 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Rush Street Interactive in the 1st quarter worth about $1,769,000. Institutional investors own 24.78% of the company’s stock.

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.