RSI Rush Street Interactive Inc

This article analyzes Rush Street Interactive Inc. Class A (NYSE: RSI) using AI-generated signals, identifying a near-term neutral sentiment amidst mid and long-term strength. It details specific institutional trading strategies, including long, momentum breakout, and short setups with defined entry, target, and stop-loss zones. The analysis also provides multi-timeframe signal strengths, support, and resistance levels for RSI.

Rush Street Interactive (NYSE:RSI) recently experienced unusually high call options volume, with traders buying 4,726 call options, a 289% increase from the average. This surge in activity comes despite significant insider selling from executives and a "Moderate Buy" consensus rating from analysts, with an average price target of $21.25. The company recently reported strong Q3 earnings, exceeding analyst estimates for both EPS and revenue.

Squarepoint Ops LLC has significantly reduced its stake in Rush Street Interactive, Inc. (NYSE:RSI), selling 63.5% of its shares in Q2 and ending with a $1.51 million position. Despite recent insider selling, including shares worth $1.12 million by the CEO, insiders still maintain a substantial 56.94% ownership. Rush Street Interactive reported strong Q2 earnings, surpassing expectations with $0.09 EPS on $277.9 million revenue, prompting analysts to rate it a "Moderate Buy" with a $21.25 consensus target price.

Assenagon Asset Management S.A. significantly increased its stake in Rush Street Interactive, Inc. by 52.9% in Q3, now owning 858,182 shares valued at $17.58 million. This increase occurred despite recent insider selling totaling $13.97 million from COO Mattias Stetz and Einar Roosileht. Rush Street Interactive reported a Q2 earnings beat with EPS of $0.09 and revenue of $277.9 million, and holds a "Moderate Buy" analyst rating with an average target price of $21.25.

Rush Street Interactive, Inc. (NYSE:RSI) has received a "Moderate Buy" consensus rating from twelve brokerages, with an average one-year price target of $21.25. The company recently exceeded earnings expectations, reporting $0.09 EPS on $277.9 million in revenue, a 19.7% increase year-over-year. Despite recent insider selling by the CEO and COO, insiders still collectively own 56.89% of the company's stock.

Caxton Associates LLP significantly increased its holdings in Rush Street Interactive, Inc. ($RSI), purchasing an additional 53,048 shares, bringing their total to 121,202 shares valued at $1.806 million. This move is part of broader institutional interest, with other major funds also adding to their positions, while insiders have been net sellers. The company recently exceeded Q2 earnings and revenue estimates, and analysts maintain a "Moderate Buy" consensus with a target price of $20.75.