Citizens Jmp Issues Positive Forecast for Rush Street Interactive (NYSE:RSI) Stock Price

Rush Street Interactive (NYSE:RSI) had its price objective hoisted by Citizens Jmp from $27.00 to $30.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target indicates a potential upside of 7.15% from the company’s previous close.

A number of other brokerages have also weighed in on RSI. Needham & Company LLC upped their price objective on Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their price target on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Susquehanna boosted their price objective on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Finally, Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

Rush Street Interactive Stock Up 1.2%

Shares of NYSE:RSI opened at $28.00 on Wednesday. Rush Street Interactive has a fifty-two week low of $11.50 and a fifty-two week high of $29.24. The firm’s 50-day simple moving average is $23.44 and its 200-day simple moving average is $20.13. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 90.32 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $370.36 million during the quarter, compared to analysts’ expectations of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. On average, research analysts forecast that Rush Street Interactive will post 0.47 EPS for the current year.

Insider Buying and Selling at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 710,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total value of $17,721,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mattias Stetz sold 74,500 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $1,859,520.00. Following the sale, the chief operating officer directly owned 237,874 shares in the company, valued at approximately $5,937,335.04. The trade was a 23.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,365,020 shares of company stock valued at $82,047,010. Company insiders own 52.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of RSI. Concord Wealth Partners purchased a new stake in shares of Rush Street Interactive in the third quarter valued at $41,000. Kemnay Advisory Services Inc. acquired a new position in shares of Rush Street Interactive during the 4th quarter valued at about $47,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive during the 4th quarter worth about $55,000. Osaic Holdings Inc. boosted its position in shares of Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after acquiring an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Rush Street Interactive in the second quarter valued at approximately $90,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

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.