Rush Street Interactive (NYSE:RSI) Cut to “Buy” at Wall Street Zen

Rush Street Interactive (NYSE:RSI) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts also recently commented on the stock. Citizens Jmp upgraded shares of Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a report on Wednesday. Benchmark restated a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $29.00 price target on shares of Rush Street Interactive in a report on Sunday, January 25th. Craig Hallum reiterated a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Finally, Needham & Company LLC raised their price objective on Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Rush Street Interactive Stock Down 0.8%

Shares of Rush Street Interactive stock opened at $18.52 on Friday. The business has a fifty day simple moving average of $18.42 and a 200-day simple moving average of $19.04. Rush Street Interactive has a fifty-two week low of $9.54 and a fifty-two week high of $22.65. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 66.13 and a beta of 1.54.

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 analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The firm had revenue of $324.89 million for the quarter, compared to analyst estimates of $305.08 million. During the same period in the previous year, the firm earned $0.07 earnings per share. Rush Street Interactive’s revenue was up 27.8% on a year-over-year basis. Analysts anticipate that Rush Street Interactive will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Rush Street Interactive

In other news, CFO Kyle Sauers sold 160,067 shares of the stock in a transaction on 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 in the company, valued at $12,649,245.42. This represents a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $17.67, for a total value of $353,400.00. Following the completion of the sale, the chief operating officer directly owned 289,624 shares of the company’s stock, valued at approximately $5,117,656.08. This trade represents a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,166,535 shares of company stock valued at $21,201,337 in the last three months. 56.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently bought and sold shares of the business. Concord Wealth Partners acquired a new position in shares of Rush Street Interactive in the 3rd quarter valued at about $41,000. Kemnay Advisory Services Inc. purchased a new position in Rush Street Interactive during the fourth quarter valued at approximately $47,000. Empowered Funds LLC purchased a new position in Rush Street Interactive during the fourth quarter valued at approximately $55,000. Osaic Holdings Inc. increased its stake in Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after buying an additional 1,868 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Rush Street Interactive by 57.2% in the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock worth $103,000 after buying an additional 1,830 shares in the last quarter. Hedge funds and other 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.