Rush Street Interactive (NYSE:RSI) Hits New 1-Year High – Time to Buy?

Rush Street Interactive, Inc. (NYSE:RSI)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $29.80 and last traded at $29.4580, with a volume of 3864 shares. The stock had previously closed at $29.60.

Analyst Ratings Changes

RSI has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Susquehanna lifted their price target on shares of Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Oppenheimer lifted their price objective on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Freedom Capital upgraded shares of 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 given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Rush Street Interactive Trading Up 0.5%

The business’s fifty day moving average price is $25.53 and its 200 day moving average price is $21.38. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 96.08 and a beta of 1.58.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $370.36 million for 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 company’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. As a group, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 710,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total transaction of $17,721,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Judith Gold sold 50,000 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $27.58, for a total transaction of $1,379,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 3,136,241 shares of company stock valued at $78,637,133. 52.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in RSI. Kemnay Advisory Services Inc. acquired a new position in shares of Rush Street Interactive during the 4th quarter worth $47,000. Empowered Funds LLC purchased a new stake in shares of Rush Street Interactive in the 4th quarter worth about $55,000. Osaic Holdings Inc. boosted its position in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Rush Street Interactive in the 2nd quarter worth about $90,000. Finally, US Bancorp DE purchased a new stake in shares of Rush Street Interactive in the 3rd quarter worth about $115,000. 24.78% of the stock is owned by institutional investors and hedge funds.

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.