Rush Street Interactive director Jack Markell buys $29,025 in stock

Rush Street Interactive's director, Jack Markell, purchased 1,500 shares of the company's Class A Common Stock on September 25, 2026. The director spent $29,025 on the transaction, bringing his direct beneficial ownership to 18,883 shares. The stock price at the time of purchase was $19.87, which represents a nearly 15% drop over the previous week. Despite the decline, Rush Street Interactive maintains a substantial market capitalization of $4.59 billion.

Analysts from InvestingPro consider the stock to be undervalued, citing its Fair Value assessment and placing it among the most undervalued stocks. This positive outlook is supported by Rush Street Interactive's impressive second-quarter 2026 financial results, which exceeded Wall Street estimates. Revenue for the quarter reached $393.8 million, a 46% increase compared to the previous year, marking the company's fastest growth in over four years. The company's adjusted earnings per share matched forecasts at $0.15.

Following the strong quarter, several analysts raised their price targets for Rush Street Interactive. Citizens raised their target to $34.00 and maintained a Market Outperform rating. Needham increased their target to $36 from $33. Meanwhile, Stifel initiated coverage with a Buy rating and a $34.00 price target, highlighting the company's potential within the growing iCasino market. Citizens reiterated a Market Outperform rating, noting the stock's valuation despite its revenue growth.

These developments reflect a generally positive sentiment among analysts regarding Rush Street Interactive's future prospects. The article was generated with the assistance of AI and reviewed by an editor.