Rush Street Interactive (NYSE:RSI) Reaches New 12-Month High – Still a Buy?

Shares of Rush Street Interactive, Inc. (NYSE:RSI) hit a new 52-week high during trading on Thursday . The company traded as high as $22.67 and last traded at $22.7590, with a volume of 1035011 shares trading hands. The stock had previously closed at $21.94.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RSI shares. Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. Zacks Research lowered shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Needham & Company LLC lifted their price target on Rush Street Interactive from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Oppenheimer boosted their price objective on Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus price target of $23.22.

Rush Street Interactive Stock Performance

The company’s 50 day moving average price is $19.37 and its 200-day moving average price is $19.09. The stock has a market cap of $5.29 billion, a P/E ratio of 81.28 and a beta of 1.45.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The business’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. On average, analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In other Rush Street Interactive news, Director Daniel W. Yih sold 50,000 shares of Rush Street Interactive stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $20.14, for a total value of $1,007,000.00. Following the sale, the director owned 131,678 shares of the company’s stock, valued at approximately $2,651,994.92. The trade was a 27.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Todd Schwartz sold 90,482 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $22.04, for a total transaction of $1,994,223.28. Following the transaction, the chief executive officer directly owned 435,801 shares of the company’s stock, valued at $9,605,054.04. This represents a 17.19% 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 1,408,225 shares of company stock worth $26,706,765. 56.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Rush Street Interactive during the 3rd quarter valued at $4,232,000. Vanguard Group Inc. increased its holdings in Rush Street Interactive by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,822,279 shares of the company’s stock worth $180,680,000 after acquiring an additional 107,671 shares during the last quarter. Emerald Advisers LLC raised its stake in Rush Street Interactive by 12.6% in the 3rd quarter. Emerald Advisers LLC now owns 1,341,739 shares of the company’s stock valued at $27,479,000 after acquiring an additional 149,918 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Rush Street Interactive by 38.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock valued at $21,509,000 after acquiring an additional 398,089 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in Rush Street Interactive by 11.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 825,244 shares of the company’s stock valued at $16,901,000 after purchasing an additional 82,055 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

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.