Rush Street Interactive (NYSE:RSI) Hits New 52-Week High – Here’s Why

Shares of Rush Street Interactive, Inc. (NYSE:RSI) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.04 and last traded at $30.75, with a volume of 140332 shares changing hands. The stock had previously closed at $29.83.

Analysts Set New Price Targets

A number of brokerages have commented on RSI. Jefferies Financial Group upped their price target on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Citizens Jmp boosted their price objective on Rush Street Interactive from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th. Oppenheimer upped their target price on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Needham & Company LLC raised their target price on Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and a consensus price target of $29.25.

Rush Street Interactive Price Performance

The firm’s fifty day moving average price is $27.06 and its two-hundred day moving average price is $22.15. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 101.85 and a beta of 1.58.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 EPS 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 company had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.82 million. During the same period last year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Insider Transactions at Rush Street Interactive

In other news, COO Mattias Stetz sold 74,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total transaction of $1,859,520.00. Following the completion of the sale, the chief operating officer owned 237,874 shares in the company, valued at $5,937,335.04. The trade was a 23.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Judith Gold sold 50,000 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $27.58, for a total value of $1,379,000.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,111,241 shares of company stock worth $78,182,183 in the last three months. Insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Rush Street Interactive by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,822,279 shares of the company’s stock worth $180,680,000 after buying an additional 107,671 shares in the last quarter. UBS Group AG grew its position in Rush Street Interactive by 4.0% during the 4th quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock worth $20,154,000 after acquiring an additional 40,232 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Rush Street Interactive in the fourth quarter worth approximately $2,053,000. Precision Wealth Strategies LLC purchased a new position in shares of Rush Street Interactive in the fourth quarter valued at about $1,680,000. Finally, JPMorgan Chase & Co. increased its holdings in Rush Street Interactive by 57.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 213,943 shares of the company’s stock valued at $4,382,000 after purchasing an additional 77,698 shares during the period. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

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.