Weekly Analysts’ Ratings Updates for Rush Street Interactive (RSI)

Several analysts have recently updated their ratings and price targets for Rush Street Interactive (NYSE: RSI):

• 2/28/2025 – Rush Street Interactive was upgraded by analysts at Susquehanna from a “hold” rating to a “strong-buy” rating.
• 2/28/2025 – Rush Street Interactive had its price target raised by analysts at Benchmark Co. from $12.00 to $14.00. They now have a “buy” rating on the stock.
• 2/27/2025 – Rush Street Interactive had its price target raised by analysts at Wells Fargo & Company from $14.00 to $15.00. They now have an “overweight” rating on the stock.
• 2/27/2025 – Rush Street Interactive had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $16.00 price target on the stock.
• 2/27/2025 – Rush Street Interactive had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $17.00 price target on the stock.
• 2/25/2025 – Rush Street Interactive had its price target raised by analysts at Susquehanna from $12.00 to $14.00. They now have a “neutral” rating on the stock.
• 1/17/2025 – Rush Street Interactive had its price target raised by analysts at Needham & Company LLC from $15.00 to $17.00. They now have a “buy” rating on the stock.
• 1/15/2025 – Rush Street Interactive had its price target raised by analysts at Jefferies Financial Group Inc. from $16.00 to $17.00. They now have a “buy” rating on the stock.
• 1/6/2025 – Rush Street Interactive had its “market perform” rating reaffirmed by analysts at JMP Securities.

Rush Street Interactive Price Performance

Shares of RSI stock traded down $0.23 during trading hours on Friday, reaching $10.30. 341,264 shares of the company’s stock were exchanged, compared to its average volume of 2,166,100. The company’s 50 day moving average is $14.16 and its two-hundred day moving average is $12.32. The company has a market cap of $2.32 billion, a P/E ratio of -515.05 and a beta of 1.92. Rush Street Interactive, Inc. has a 1 year low of $5.67 and a 1 year high of $16.78.

Insider Buying and Selling

In other news, CFO Kyle Sauers sold 146,015 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $13.91, for a total value of $2,031,068.65. Following the completion of the sale, the chief financial officer now owns 433 shares in the company, valued at approximately $6,023.03. This trade represents a 99.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Todd Schwartz sold 45,256 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.51, for a total value of $611,408.56. Following the completion of the transaction, the chief executive officer now owns 1,762,227 shares in the company, valued at approximately $23,807,686.77. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 895,853 shares of company stock worth $12,402,986 in the last quarter. Company insiders own 56.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors have recently made changes to their positions in the business. Creative Planning acquired a new stake in Rush Street Interactive in the third quarter valued at $180,000. New York State Teachers Retirement System raised its stake in shares of Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after purchasing an additional 1,020 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Rush Street Interactive by 656.2% during the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after purchasing an additional 67,388 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Rush Street Interactive by 7.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after buying an additional 1,745 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Rush Street Interactive during the third quarter valued at approximately $1,795,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.