Why Is RUSH STREET INTERACT A (RSI) Stock Down Today?

Rush Street Interactive (RSI) shares fell 6.99% to $18.90 on Tuesday, driven by a significant price target reduction from Susquehanna. The stock also printed 53 fresh 52-week lows on October 9, 2026, signaling a sharp deterioration in the trading tape.

What Happened

Susquehanna lowered its price target for Rush Street Interactive to $27 from $37, maintaining a positive stance on the company. Macquarie also reduced its price target to $33 while keeping an Outperform rating. These downgrades occurred as the company announced it will report third-quarter 2026 results after the market close on October 28, 2026, followed by a 6:00 p.m. ET conference call. The announcement pinned the next major catalyst to a specific date, prompting traders to reassess valuation ahead of the earnings release.

What The Data Shows

The stock opened at $20.41 and reached a session high of $20.65 at 9:30 AM ET before sliding to a session low of $18.82 at 3:55 PM ET. Volume stood at 2.2 million shares, which is 0.7 times the three-month daily average. Fundamentals show a market cap of $2.3 billion, a P/E ratio of 64.9, and trailing twelve-month revenue growth of 34.3%. The net margin is 2.3%, and the beta is 1.71. The 52-week range spans from $15.51 to $34.53. Recent insider activity includes sales by CFO Kyle Sauers on October 5, 2026, and CEO Richard Todd Schwartz and COO Mattias Stetz on October 1, 2026. Over the last 90 days, insiders executed nine sells totaling $14.8 million against one buy totaling $29,000. Congressional disclosures indicate Donald J. Trump sold a position between $15,001 and $50,000 on July 29, 2026, and bought a similar amount on June 22, 2026.

What To Watch

Investors will focus on the third-quarter 2026 earnings release scheduled for October 28, 2026. The upcoming results will provide clarity on revenue growth and margin trends following the recent valuation adjustments by major brokerages.