Rush Street Interactive (NYSE:RSI) Stock Price Target Lowered at Barclays

Rush Street Interactive (NYSE:RSI) had its target price lowered by Barclays from $24.00 to $23.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 81.00% from the company’s current price.

A number of other analysts have also weighed in on the stock. Benchmark increased their target price on shares of Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Needham & Company LLC cut their target price on shares of Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. New Street Research set a $35.00 price objective on Rush Street Interactive in a research report on Thursday, July 23rd. Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday. Finally, Weiss Ratings raised Rush Street Interactive from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.54.

Rush Street Interactive Trading Down 6.7%

Shares of NYSE RSI traded down $0.91 during midday trading on Friday, hitting $12.71. The company’s stock had a trading volume of 3,963,332 shares, compared to its average volume of 2,566,446. Rush Street Interactive has a one year low of $12.18 and a one year high of $34.53. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 38.50 and a beta of 1.71. The stock has a fifty day moving average price of $21.78 and a 200 day moving average price of $23.77.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $385.85 million during the quarter, compared to analysts’ expectations of $388.05 million. Rush Street Interactive had a net margin of 2.56% and a return on equity of 25.26%. Rush Street Interactive’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. On average, equities research analysts predict that Rush Street Interactive will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $20.31, for a total transaction of $467,130.00. Following the sale, the chief financial officer owned 583,526 shares in the company, valued at $11,851,413.06. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack A. Markell acquired 1,500 shares of Rush Street Interactive stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average price of $19.35 per share, with a total value of $29,025.00. Following the completion of the acquisition, the director directly owned 18,883 shares in the company, valued at $365,386.05. This represents a 8.63% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 603,998 shares of company stock valued at $14,814,268. Insiders own 52.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its stake in Rush Street Interactive by 9.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 25,900 shares of the company’s stock worth $527,000 after acquiring an additional 2,200 shares during the period. VCI Wealth Management LLC bought a new stake in Rush Street Interactive in the third quarter worth $851,000. ProShare Advisors LLC raised its position in shares of Rush Street Interactive by 7.0% during the 3rd quarter. ProShare Advisors LLC now owns 15,523 shares of the company’s stock valued at $316,000 after buying an additional 1,012 shares in the last quarter. State of Wyoming boosted its holdings in shares of Rush Street Interactive by 23.3% in the 3rd quarter. State of Wyoming now owns 31,491 shares of the company’s stock worth $640,000 after purchasing an additional 5,959 shares during the period. Finally, Sterling Capital Management LLC raised its stake in shares of Rush Street Interactive by 945.1% in the third quarter. Sterling Capital Management LLC now owns 3,731 shares of the company’s stock valued at $76,000 after acquiring an additional 3,374 shares during the period. Institutional investors own 24.78% of the company’s stock.

Key Rush Street Interactive News

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: RSI reported third-quarter adjusted earnings of $0.15 per share, ahead of the $0.13 consensus estimate and up from $0.09 a year earlier. Revenue increased 39% year over year to $385.9 million, while net income rose 93% to $28.7 million and adjusted EBITDA climbed 73% to $62.2 million. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Positive Sentiment: North American monthly active users reached a quarterly record, and online casino operations continued to provide the majority of revenue. These results support the company’s growth strategy and improving operating leverage. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: RSI reiterated full-year 2026 revenue guidance of $1.56 billion to $1.60 billion and most recently specified $1.60 billion, broadly in line with the $1.60 billion analyst consensus. The company also maintained its full-year adjusted EBITDA outlook. Rush Street Interactive Reiterates Earnings Guidance
• Negative Sentiment: Third-quarter revenue fell slightly short of analysts’ $388.1 million estimate despite rapid growth. Management also indicated that October trends were tracking toward the low end of the annual revenue range, raising concerns about near-term deceleration. Rush Street Interactive Reiterates Revenue Outlook
• Negative Sentiment: Several analysts cut their price targets following the results, including JPMorgan to $18 from $22, Wells Fargo to $26 from $36, and Oppenheimer to $25 from $36. Although most retained positive or neutral ratings, the widespread reductions signal lower valuation expectations and are weighing on RSI. Why Rush Street Interactive Stock Is Nosediving

About Rush Street Interactive

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.