Rush Street Interactive (NYSE:RSI) Reaches New 12-Month Low – What’s Next?

Shares of Rush Street Interactive, Inc. (NYSE:RSI) reached a new 52-week low during trading on Tuesday. The stock traded as low as $15.48 and last traded at $15.4870, with a volume of 1,182,938 shares. The stock had previously closed at $16.30.

Key Stories Impacting Rush Street Interactive

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

• Positive Sentiment: Third-quarter earnings were strong: revenue rose 39% year over year to $385.9 million, net income increased 93% to $28.7 million, and adjusted EBITDA climbed 73% to $62.2 million. Earnings of $0.15 per share exceeded the roughly $0.13-$0.14 consensus estimate. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Positive Sentiment: Management reported record quarterly North American monthly active users, while online casino operations generated approximately 75% of total revenue, highlighting continued strength in RSI’s core business. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: RSI reiterated its full-year 2026 revenue guidance of $1.56 billion to $1.60 billion and its adjusted EBITDA outlook. Maintaining guidance supports the company’s growth narrative, although current trends point toward the bottom of the revenue range. Rush Street Interactive Reiterates 2026 Revenue Outlook
• Negative Sentiment: Quarterly revenue of $385.9 million fell short of the approximately $388.1 million analyst consensus. The modest top-line miss likely overshadowed the earnings beat because revenue growth is a key valuation driver for the high-growth gaming company. Rush Street Interactive Reports Sales Below Analyst Estimates
• Negative Sentiment: Citizens JMP, Wells Fargo, Oppenheimer, and Needham all lowered their RSI price targets to $24-$26 from prior targets of $34-$36. Although each firm retained a bullish rating, the revisions signal more cautious expectations and can pressure the stock in the near term.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RSI. Wells Fargo & Company lowered their target price on Rush Street Interactive from $36.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday. Needham & Company LLC decreased their price target on Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. New Street Research set a $35.00 target price on shares of Rush Street Interactive in a report on Thursday, July 23rd. Susquehanna reduced their price target on Rush Street Interactive from $37.00 to $27.00 and set a “positive” rating on the stock in a report on Friday, October 9th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.92.

Rush Street Interactive Stock Performance

The company has a market capitalization of $3.27 billion, a PE ratio of 48.72 and a beta of 1.71. The business’s 50-day moving average is $22.03 and its 200-day moving average is $23.80.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business had revenue of $385.85 million during the quarter, compared to the consensus estimate of $388.05 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. Analysts expect that Rush Street Interactive, Inc. will post 0.49 EPS for the current year.

Insider Activity

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $20.31, for a total transaction of $467,130.00. Following the completion of the sale, the chief financial officer directly owned 583,526 shares in the company, valued at approximately $11,851,413.06. This trade represents a 3.79% 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, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $19.87, for a total transaction of $397,400.00. Following the completion of the transaction, the chief operating officer directly owned 137,874 shares of the company’s stock, valued at $2,739,556.38. This trade represents a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 603,998 shares of company stock valued at $14,814,268. Company insiders own 52.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in RSI. GSA Capital Partners LLP bought a new stake in shares of Rush Street Interactive during the 2nd quarter valued at $1,996,000. Quantinno Capital Management LP purchased a new position in shares of Rush Street Interactive in the first quarter valued at $1,769,000. BlackRock Inc. purchased a new position in Rush Street Interactive in the second quarter worth about $448,435,000. Bank of America Corp DE bought a new stake in shares of Rush Street Interactive in the 2nd quarter valued at approximately $34,015,000. Finally, Tidal Investments LLC purchased a new position in Rush Street Interactive during the second quarter worth $1,323,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

About Rush Street Interactive

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.