Rush Street Interactive Target of Unusually Large Options Trading (NYSE:RSI)

Rush Street Interactive, Inc. (NYSE:RSI) was the target of unusually large options trading activity on Monday. Stock investors acquired 6,033 put options on the company. This represents an increase of approximately 351% compared to the typical volume of 1,338 put options.

Insiders Place Their Bets

In other news, COO Mattias Stetz sold 74,500 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total transaction of $1,859,520.00. Following the sale, the chief operating officer directly owned 237,874 shares of the company’s stock, valued at $5,937,335.04. This represents a 23.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Neil Bluhm sold 1,371,150 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $34,223,904.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,887,328 shares of company stock worth $74,151,223. Company insiders own 52.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System increased its position in Rush Street Interactive by 5.2% during the first quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock worth $184,000 after purchasing an additional 419 shares during the last quarter. Man Group plc boosted its holdings in Rush Street Interactive by 0.7% in the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock valued at $1,334,000 after purchasing an additional 654 shares during the last quarter. Cerity Partners LLC boosted its holdings in Rush Street Interactive by 4.6% in the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock valued at $460,000 after purchasing an additional 1,042 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Rush Street Interactive by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock valued at $325,000 after buying an additional 1,561 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of Rush Street Interactive in the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

NYSE RSI opened at $30.68 on Wednesday. The stock’s fifty day moving average is $29.82 and its two-hundred day moving average is $24.17. The firm has a market capitalization of $7.14 billion, a P/E ratio of 98.95 and a beta of 1.56. Rush Street Interactive has a fifty-two week low of $15.22 and a fifty-two week high of $34.53.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (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 analysts’ expectations of $330.82 million. During the same period in the prior year, the business earned $0.09 EPS. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. As a group, sell-side analysts forecast that Rush Street Interactive will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

RSI has been the topic of several research analyst reports. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. increased their target price on Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rush Street Interactive in a research note on Monday, July 6th. Wells Fargo & Company boosted their price target on shares of Rush Street Interactive from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Citizens Jmp upped their price objective on shares of Rush Street Interactive from $30.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

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.