Rush Street Interactive (NYSE:RSI) Rating Lowered to Hold at Zacks Research

Rush Street Interactive (NYSE:RSI) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

RSI has been the subject of several other research reports. Susquehanna lifted their price target on Rush Street Interactive from $22.00 to $23.00 and gave the stock a “positive” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. raised their target price on shares of Rush Street Interactive from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Benchmark upped their price target on shares of Rush Street Interactive from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rush Street Interactive in a research report on Monday. Finally, Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

Rush Street Interactive Stock Up 1.9%

Shares of RSI opened at $20.13 on Monday. Rush Street Interactive has a 52-week low of $9.54 and a 52-week high of $22.65. The company has a 50-day simple moving average of $18.30 and a 200-day simple moving average of $18.31. The company has a market capitalization of $4.62 billion, a PE ratio of 80.50 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $277.91 million during the quarter, compared to the consensus estimate of $264.60 million. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. On average, research analysts anticipate that Rush Street Interactive will post 0.04 EPS for the current year.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 30,000 shares of Rush Street Interactive stock in a transaction on Monday, December 1st. The shares were sold at an average price of $18.51, for a total value of $555,300.00. Following the transaction, the chief operating officer owned 164,806 shares in the company, valued at $3,050,559.06. This trade represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Todd Schwartz sold 59,757 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $18.82, for a total transaction of $1,124,626.74. Following the sale, the chief executive officer owned 454,821 shares of the company’s stock, valued at approximately $8,559,731.22. This represents a 11.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 641,715 shares of company stock worth $11,632,465 over the last three months. Corporate insiders own 56.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. increased its holdings in Rush Street Interactive by 1,617.7% in the first quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company’s stock valued at $65,754,000 after buying an additional 5,776,660 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Rush Street Interactive by 763.6% in the 3rd 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 in the last quarter. Marshall Wace LLP increased its holdings in shares of Rush Street Interactive by 100.9% in the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock valued at $35,353,000 after acquiring an additional 1,191,546 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Rush Street Interactive by 247.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock valued at $27,229,000 after acquiring an additional 946,673 shares in the last quarter. Finally, 1060 Capital LLC bought a new position in Rush Street Interactive during the second quarter worth $11,222,000. Institutional investors and hedge funds 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.