Rush Street Interactive (NYSE:RSI) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of Rush Street Interactive (NYSE:RSI) from a strong-buy rating to a buy rating in a research note released on Saturday.

Several other equities analysts have also weighed in on RSI. Citigroup restated an “outperform” rating on shares of Rush Street Interactive in a research note on Wednesday, April 29th. Benchmark lifted their price target on Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Citizens Jmp lifted their price target on 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. Needham & Company LLC lifted their price target on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.63.

Rush Street Interactive Stock Down 1.7%

Shares of Rush Street Interactive stock opened at $26.70 on Friday. Rush Street Interactive has a twelve month low of $11.50 and a twelve month high of $29.24. The business has a 50-day moving average price of $23.16 and a 200 day moving average price of $20.00. The firm has a market cap of $6.21 billion, a PE ratio of 86.12 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.83 million. During the same quarter in the previous year, the business earned $0.09 EPS. Rush Street Interactive’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, sell-side analysts expect that Rush Street Interactive will post 0.47 EPS for the current year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 106,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $2,658,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total value of $34,223,904.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,612,134 shares of company stock valued at $86,203,467 in the last 90 days. Corporate insiders own 52.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System boosted its holdings in shares of Rush Street Interactive by 5.2% during the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock worth $184,000 after purchasing an additional 419 shares during the last quarter. Man Group plc boosted its holdings in shares of Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after purchasing an additional 654 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Rush Street Interactive by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock worth $398,000 after purchasing an additional 752 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock worth $460,000 after purchasing an additional 1,042 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Rush Street Interactive by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock worth $325,000 after purchasing an additional 1,561 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.