Rush Street Interactive (NYSE:RSI) CFO Kyle Sauers Sells 23,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.53, for a total transaction of $725,190.00. Following the completion of the transaction, the chief financial officer directly owned 652,526 shares in the company, valued at $20,574,144.78. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $25.44, for a total transaction of $585,120.00.
• On Monday, May 4th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $28.39, for a total transaction of $652,970.00.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock traded up $0.47 on Wednesday, reaching $32.78. The company had a trading volume of 1,752,218 shares, compared to its average volume of 2,241,331. The firm’s 50 day moving average price is $28.22 and its two-hundred day moving average price is $22.78. The firm has a market cap of $7.63 billion, a PE ratio of 105.73 and a beta of 1.56. Rush Street Interactive, Inc. has a 52-week low of $14.38 and a 52-week high of $32.86.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. As a group, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive during the fourth quarter worth $47,000. CoreCap Advisors LLC purchased a new position in Rush Street Interactive in the second quarter valued at $54,000. Empowered Funds LLC acquired a new position in Rush Street Interactive during the 4th quarter worth $55,000. Osaic Holdings Inc. grew its stake in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Rush Street Interactive during the 2nd quarter worth about $90,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RSI. Citizens Jmp raised their price target on Rush Street Interactive from $30.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Oppenheimer increased their target price on Rush Street Interactive from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Benchmark raised their target price on Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Wells Fargo & Company lifted their target price on Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.62.

About Rush Street Interactive

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.