Rush Street Interactive (NYSE:RSI) Stock Gets Price Target Cut from Oppenheimer

Rush Street Interactive (NYSE:RSI) had its target price lowered by Oppenheimer from $36.00 to $25.00 in a report issued on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on RSI. JPMorgan Chase & Co. lowered their price target on shares of Rush Street Interactive from $30.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 20th. Needham & Company LLC reduced their target price on shares of Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rush Street Interactive in a research note on Thursday. Susquehanna decreased their target price on shares of 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, Weiss Ratings raised shares of Rush Street Interactive from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.54.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock opened at $12.11 on Thursday. The business’s 50 day moving average price is $21.52 and its 200 day moving average price is $23.74. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 36.70 and a beta of 1.71. Rush Street Interactive has a one year low of $11.88 and a one year high of $34.53.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Rush Street Interactive had a return on equity of 24.46% and a net margin of 2.56%. The company had revenue of $385.85 million during the quarter, compared to analysts’ expectations of $388.05 million. During the same period in the prior year, the business earned $0.09 EPS. The firm’s quarterly revenue was up 38.8% on a year-over-year basis. On average, analysts predict that Rush Street Interactive will post 0.49 EPS for the current fiscal year.

Insider Activity

In related news, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $26.56, for a total transaction of $610,880.00. Following the sale, the chief financial officer directly owned 606,526 shares of the company’s stock, valued at $16,109,330.56. This represents a 3.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $25.68, for a total transaction of $513,600.00. Following the sale, the chief operating officer owned 157,874 shares in the company, valued at approximately $4,054,204.32. This trade represents a 11.24% 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 quarter, insiders sold 603,998 shares of company stock valued at $14,814,268. 52.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System increased its position in shares of Rush Street Interactive by 5.2% in the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock valued at $184,000 after purchasing an additional 419 shares during the last quarter. Allworth Financial LP lifted its position in shares of Rush Street Interactive by 38.1% during the 2nd quarter. Allworth Financial LP now owns 1,917 shares of the company’s stock worth $57,000 after purchasing an additional 529 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Rush Street Interactive by 7.0% during the 3rd quarter. ProShare Advisors LLC now owns 15,523 shares of the company’s stock worth $316,000 after purchasing an additional 1,012 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Rush Street Interactive during the 2nd quarter worth $35,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Rush Street Interactive during the second quarter worth $54,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive News Summary

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

• Positive Sentiment: Q3 earnings beat expectations: RSI reported adjusted earnings of $0.15 per share, up from $0.09 a year earlier and ahead of the roughly $0.14 Wall Street estimate. Revenue increased 38.8% year over year to approximately $385.9 million, with online casino operations contributing 75% of total revenue. Rush Street Interactive Q3 Earnings Top Estimates
• Positive Sentiment: Analysts remain broadly constructive: Barclays, Wells Fargo, Oppenheimer, Needham and Citizens JMP maintained bullish ratings, including overweight, outperform, buy and market outperform recommendations. Even after reductions, their targets imply substantial upside from current levels. Barclays Lowers Rush Street Interactive Price Target
• Neutral Sentiment: Full-year guidance was reiterated or updated around consensus: RSI’s 2026 revenue outlook remains approximately $1.56 billion to $1.60 billion, while the latest guidance of $1.6 billion is in line with analyst expectations. This limits the risk of a major forecast cut but offers little incremental upside.
• Negative Sentiment: Revenue fell short of estimates: Despite strong growth, Q3 sales were below the approximately $388.1 million consensus forecast. Investors may be concerned that growth is not translating into results above expectations. Rush Street Interactive Reports Sales Below Estimates
• Negative Sentiment: October trends point to the low end of guidance: Management indicated that current October performance may lead RSI toward the lower end of its full-year revenue range, raising concerns about slowing momentum.
• Negative Sentiment: Multiple price targets were cut: JPMorgan reduced its target from $22 to $18 and shifted to neutral, while other firms lowered targets substantially despite retaining positive ratings. The revisions signal more cautious expectations following the earnings report.

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.