Rush Street Interactive (NYSE:RSI) Shares Gap Down – Here’s What Happened

Rush Street Interactive, Inc. (NYSE:RSI)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $30.77, but opened at $28.38. Rush Street Interactive shares last traded at $27.64, with a volume of 413,846 shares trading hands.

Key Rush Street Interactive News

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: RSI reported record second-quarter revenue of $393.8 million, up 46% year over year, while net income reached $29.3 million and adjusted EBITDA climbed 61% to $64.6 million. North American online-casino monthly active users increased 64%. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: The company raised its full-year 2026 outlook, projecting revenue of approximately $1.56 billion to $1.60 billion, above the roughly $1.5 billion analyst consensus, as it ramps its Alberta launch. Rush Street Interactive Projects 2026 Revenue as It Ramps Alberta Launch
• Positive Sentiment: Wells Fargo raised its price target for RSI from $35 to $36 and reaffirmed an “overweight” rating, indicating confidence in the company’s growth prospects. Benzinga
• Neutral Sentiment: Second-quarter adjusted earnings of $0.15 per share matched estimates, though earnings growth from $0.11 per share a year earlier was less decisive than the revenue and EBITDA performance. RSI Q2 Earnings Match Estimates
• Negative Sentiment: At a price-to-earnings ratio near 90, RSI remains priced for substantial execution. A valuation-focused analysis cited potential downside, which may be contributing to selling pressure despite the upbeat guidance. Earnings Watch: RSI Q2 2026

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RSI shares. JPMorgan Chase & Co. raised their price target on Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Rush Street Interactive in a research report on Thursday. Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday. Citizens Jmp boosted their target price on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Rush Street Interactive in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.22.

Rush Street Interactive Stock Down 14.3%

The company has a market capitalization of $6.13 billion, a PE ratio of 85.34 and a beta of 1.56. The business’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $24.25.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $393.78 million during the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The company’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, analysts anticipate that Rush Street Interactive, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $30.12, for a total value of $301,200.00. Following the transaction, the insider owned 93,256 shares of the company’s stock, valued at $2,808,870.72. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Todd Schwartz sold 47,222 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total value of $1,473,798.62. Following the transaction, the chief executive officer directly owned 374,036 shares of the company’s stock, valued at $11,673,663.56. This represents a 11.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,887,328 shares of company stock worth $74,151,223 over the last ninety days. Company insiders own 52.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Rush Street Interactive by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after buying an additional 227,783 shares in the last quarter. Alliancebernstein L.P. increased its position in Rush Street Interactive by 1.3% in the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after acquiring an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after acquiring an additional 2,496,109 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Rush Street Interactive by 84.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock worth $60,121,000 after purchasing an additional 1,267,622 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Rush Street Interactive by 17.3% during the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock valued at $49,698,000 after purchasing an additional 378,002 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

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.