Citizens Jmp Forecasts Strong Price Appreciation for Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive (NYSE:RSI) had its target price increased by Citizens Jmp from $30.00 to $33.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target suggests a potential upside of 2.20% from the stock’s current price.

RSI has been the subject of several other reports. Susquehanna boosted their target price on Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Benchmark increased their price target on shares of Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Citigroup restated an “outperform” rating on shares of Rush Street Interactive in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective 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. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and an average target price of $29.62.

Rush Street Interactive Trading Up 0.2%

RSI stock opened at $32.29 on Wednesday. The firm has a 50 day moving average of $28.22 and a 200-day moving average of $22.78. The firm has a market capitalization of $7.51 billion, a P/E ratio of 104.16 and a beta of 1.56. Rush Street Interactive has a 12 month low of $14.38 and a 12 month high of $32.52.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Sell-side analysts predict that Rush Street Interactive will post 0.47 EPS for the current year.

Insider Buying and Selling at Rush Street Interactive

In other news, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $25.44, for a total value of $585,120.00. Following the sale, the chief financial officer directly owned 631,258 shares of the company’s stock, valued at $16,059,203.52. This represents a 3.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 47,222 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total transaction of $1,473,798.62. Following the completion of the transaction, the chief executive officer owned 374,036 shares of the company’s stock, valued at approximately $11,673,663.56. The trade was a 11.21% 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. In the last quarter, insiders have sold 3,139,379 shares of company stock worth $80,407,830. Corporate insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Several large investors have recently made changes to their positions in RSI. Vanguard Group Inc. grew its stake in shares of Rush Street Interactive by 2.6% in 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 during the last quarter. Alliancebernstein L.P. increased its stake in Rush Street Interactive by 1.3% during the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after purchasing an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 buying an additional 2,496,109 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Rush Street Interactive by 84.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock worth $60,121,000 after buying an additional 1,267,622 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Rush Street Interactive by 17.3% in the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after buying an additional 378,002 shares in the last quarter. 24.78% of the stock is currently owned by hedge funds and other 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.