Rush Street Interactive (NYSE:RSI) Reaches New 1-Year High After Analyst Upgrade

Rush Street Interactive, Inc. (NYSE:RSI)’s share price hit a new 52-week high during trading on Wednesday after Citizens Jmp raised their price target on the stock from $24.00 to $25.00. Citizens Jmp currently has a market outperform rating on the stock. Rush Street Interactive traded as high as $23.15 and last traded at $22.5850, with a volume of 171276 shares traded. The stock had previously closed at $22.06.

A number of other analysts also recently issued reports on the company. Freedom Capital raised Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. Wall Street Zen downgraded Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Oppenheimer raised their target price on Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. Finally, Needham & Company LLC raised their target price on Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.33.

Insiders Place Their Bets

In other news, insider Paul Wierbicki sold 15,000 shares of Rush Street Interactive stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $21.05, for a total value of $315,750.00. Following the completion of the transaction, the insider directly owned 168,256 shares in the company, valued at approximately $3,541,788.80. The trade was a 8.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $22.07, for a total value of $441,400.00. Following the completion of the transaction, the chief operating officer owned 237,874 shares of the company’s stock, valued at approximately $5,249,879.18. This trade represents a 7.76% 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. Over the last ninety days, insiders sold 1,408,225 shares of company stock valued at $26,706,765. Company insiders own 56.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently made changes to their positions in the stock. Concord Wealth Partners purchased a new position in shares of Rush Street Interactive in the third quarter valued at $41,000. Kemnay Advisory Services Inc. purchased a new position in shares of Rush Street Interactive in the fourth quarter valued at $47,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive in the fourth quarter valued at $55,000. Osaic Holdings Inc. grew its position in shares of Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Rush Street Interactive in the second quarter valued at $90,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Up 2.0%

The company has a market capitalization of $5.23 billion, a PE ratio of 80.43 and a beta of 1.45. The company has a 50-day moving average price of $19.57 and a two-hundred day moving average price of $19.06.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. Rush Street Interactive’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. As a group, equities analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

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.