Rush Street Interactive (NYSE:RSI) Shares Gap Up – What’s Next?

Shares of Rush Street Interactive, Inc. (NYSE:RSI) gapped up before the market opened on Friday . The stock had previously closed at $17.78, but opened at $18.78. Rush Street Interactive shares last traded at $18.3660, with a volume of 394,491 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RSI. Zacks Research lowered Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Oppenheimer reissued an “outperform” rating and set a $24.00 price objective on shares of Rush Street Interactive in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group reiterated a “buy” rating and issued a $29.00 price target on shares of Rush Street Interactive in a research note on Sunday. Finally, Susquehanna set a $22.00 price objective on shares of Rush Street Interactive in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

Rush Street Interactive Trading Up 3.4%

The stock’s 50 day moving average is $18.78 and its 200-day moving average is $18.88. The company has a market cap of $4.22 billion, a P/E ratio of 73.82 and a beta of 1.57.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The business had revenue of $277.91 million during the quarter, compared to analysts’ expectations of $264.60 million. During the same period in the previous year, the company earned $0.05 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling

In related news, COO Mattias Stetz sold 90,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $19.09, for a total transaction of $1,718,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kyle Sauers sold 160,067 shares of Rush Street Interactive stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.07, for a total value of $3,052,477.69. Following the completion of the sale, the chief financial officer owned 663,306 shares of the company’s stock, valued at $12,649,245.42. The trade was a 19.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 876,212 shares of company stock worth $16,241,748 in the last three months. Insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Concord Wealth Partners bought a new stake in shares of Rush Street Interactive in the third quarter worth approximately $41,000. Farther Finance Advisors LLC purchased a new stake in Rush Street Interactive in the second quarter worth approximately $42,000. Osaic Holdings Inc. boosted its holdings in Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth approximately $90,000. Finally, Pacer Advisors Inc. raised its stake in Rush Street Interactive by 57.2% during the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock valued at $103,000 after buying an additional 1,830 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

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.