Insider Selling: Rush Street Interactive (NYSE:RSI) CFO Sells 23,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $26.56, for a total transaction of $610,880.00. Following the completion of the transaction, the chief financial officer directly owned 606,526 shares of the company’s stock, valued at approximately $16,109,330.56. This trade represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Sauers also recently made the following trade(s):

• On Monday, August 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $26.65, for a total transaction of $612,950.00.
• On Monday, July 6th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $31.53, for a total transaction of $725,190.00.

Rush Street Interactive Stock Performance

NYSE:RSI traded up $0.47 during mid-day trading on Thursday, hitting $26.64. The stock had a trading volume of 2,307,014 shares, compared to its average volume of 2,309,105. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 91.87 and a beta of 1.51. The company’s 50 day simple moving average is $28.97 and its 200 day simple moving average is $25.65.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The company had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. During the same period in the previous year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 46.3% compared to the same quarter last year. As a group, equities analysts forecast that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Needham & Company LLC increased their price target on shares of Rush Street Interactive from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Susquehanna increased their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a research report on Wednesday, July 29th. New Street Research set a $35.00 target price on Rush Street Interactive in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $39.00 target price on shares of Rush Street Interactive in a research report on Thursday, July 30th. One equities research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.22.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rush Street Interactive by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after acquiring an additional 1,893 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Rush Street Interactive by 18.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock worth $7,394,000 after buying an additional 109,366 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth $166,000. Invesco Ltd. lifted its position in shares of Rush Street Interactive by 377.1% during the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock worth $4,063,000 after buying an additional 215,538 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Rush Street Interactive in the second quarter valued at about $3,766,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.