Rush Street Interactive (NYSE:RSI) Price Target Raised to $30.00 at JPMorgan Chase & Co.

Rush Street Interactive (NYSE:RSI) had its price objective boosted by JPMorgan Chase & Co. from $26.00 to $30.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently issued reports on the stock. Benchmark upped their target price on shares of Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Citizens Jmp boosted their price objective on shares of Rush Street Interactive from $30.00 to $33.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 8th. Wells Fargo & Company upped their price objective on Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Susquehanna increased their target price on Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.75.

Rush Street Interactive Price Performance

NYSE:RSI opened at $32.87 on Wednesday. Rush Street Interactive has a one year low of $14.38 and a one year high of $34.51. The company’s 50-day simple moving average is $28.98 and its 200 day simple moving average is $23.36. The firm has a market capitalization of $7.65 billion, a P/E ratio of 106.03 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The business’s revenue was up 41.1% on a year-over-year basis. During the same period last year, the business earned $0.09 earnings per share. On average, equities research analysts expect that Rush Street Interactive will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 710,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total transaction of $34,223,904.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,100,614 shares of company stock valued at $79,737,131. Corporate insiders own 52.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after buying an additional 1,893 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Rush Street Interactive by 18.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after buying an additional 109,366 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Rush Street Interactive during the 2nd quarter valued at approximately $166,000. Invesco Ltd. grew its stake in shares of Rush Street Interactive by 377.1% during the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after acquiring an additional 215,538 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of Rush Street Interactive during the 2nd quarter valued at approximately $3,766,000. 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.