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

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $25.44, for a total value of $585,120.00. Following the completion of the sale, the chief financial officer owned 631,258 shares in the company, valued at $16,059,203.52. This represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 value of $652,970.00.
• On Monday, April 6th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $22.62, for a total value of $520,260.00.

Rush Street Interactive Stock Up 0.0%

NYSE:RSI opened at $26.24 on Friday. The stock’s 50 day moving average price is $24.85 and its two-hundred day moving average price is $20.96. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 84.63 and a beta of 1.58. Rush Street Interactive, Inc. has a 12-month low of $12.91 and a 12-month high of $29.24.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data 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. The firm had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.83 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Equities research analysts expect that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Rush Street Interactive

Large investors have recently modified their holdings of the business. Concord Wealth Partners acquired a new stake in shares of Rush Street Interactive in the 3rd quarter valued at $41,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the 4th quarter valued at $47,000. Empowered Funds LLC acquired a new stake in shares of Rush Street Interactive in the 4th quarter valued at $55,000. Osaic Holdings Inc. lifted its holdings in shares of Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after acquiring an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Rush Street Interactive in the 2nd quarter valued at approximately $90,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group increased their target price on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Citizens Jmp increased their target price on Rush Street Interactive from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 20th. Susquehanna increased their target price on Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Finally, Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

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.