Rush Street Interactive (NYSE:RSI) Hits New 12-Month High – What’s Next?

Rush Street Interactive, Inc. (NYSE:RSI)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $23.91 and last traded at $23.0850, with a volume of 1282337 shares trading hands. The stock had previously closed at $23.24.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RSI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Susquehanna set a $22.00 price objective on shares of Rush Street Interactive in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Citigroup raised shares of Rush Street Interactive to an “outperform” rating in a research note on Wednesday, February 18th. Finally, Citizens Jmp raised their price target on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Rush Street Interactive Stock Down 0.7%

The company’s 50 day moving average price is $20.67 and its 200-day moving average price is $19.18. The stock has a market cap of $5.36 billion, a P/E ratio of 82.45 and a beta of 1.45.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $324.89 million for the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. Rush Street Interactive’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. Equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.43 earnings per share for the current year.

Insider Buying and Selling at Rush Street Interactive

In related news, COO Mattias Stetz sold 29,725 shares of Rush Street Interactive stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $20.07, for a total transaction of $596,580.75. Following the completion of the transaction, the chief operating officer owned 8,495 shares of the company’s stock, valued at $170,494.65. This trade represents a 77.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith Gold sold 48,286 shares of Rush Street Interactive stock in a transaction on Friday, April 17th. The stock was sold at an average price of $23.07, for a total transaction of $1,113,958.02. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239,588 shares of company stock worth $24,025,669 over the last ninety days. Insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently bought and sold shares of the company. Concord Wealth Partners bought a new position in Rush Street Interactive during the third quarter worth $41,000. Kemnay Advisory Services Inc. bought a new position in Rush Street Interactive during the fourth quarter worth $47,000. Empowered Funds LLC bought a new position in Rush Street Interactive during the fourth quarter worth $55,000. Osaic Holdings Inc. raised its stake in Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Rush Street Interactive during the second quarter worth $90,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Company Profile

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.