Rush Street Interactive (NYSE:RSI) Stock Price Down 8.2% After Insider Selling

Rush Street Interactive, Inc. (NYSE:RSI) shares fell 8.2% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $26.41 and last traded at $26.0690. Approximately 2,735,665 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 2,329,753 shares. The stock had previously closed at $28.39.

Specifically, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $28.03, for a total value of $560,600.00. Following the completion of the sale, the chief operating officer owned 177,874 shares in the company, valued at approximately $4,985,808.22. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $26.65, for a total transaction of $612,950.00. Following the completion of the sale, the chief financial officer owned 629,526 shares in the company, valued at approximately $16,776,867.90. This trade represents a 3.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 111,112 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the transaction, the chief executive officer owned 421,258 shares of the company’s stock, valued at $11,803,649.16. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $39.00 price target on shares of Rush Street Interactive in a report on Thursday, July 30th. Weiss Ratings upgraded Rush Street Interactive from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Wall Street Zen lowered shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Susquehanna increased their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.22.

Rush Street Interactive Trading Down 0.7%

The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 85.86 and a beta of 1.59. The business has a 50-day moving average price of $29.89 and a two-hundred day moving average price of $24.58.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The business had revenue of $393.78 million during the quarter, compared to analyst estimates of $367.75 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. On average, equities research analysts predict that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

Institutional Trading of Rush Street Interactive

Hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Rush Street Interactive in the 2nd quarter worth about $35,000. CoreCap Advisors LLC acquired a new position in shares of Rush Street Interactive during the second quarter worth approximately $54,000. Kemnay Advisory Services Inc. bought a new position in Rush Street Interactive in the 4th quarter worth approximately $47,000. Empowered Funds LLC bought a new position in Rush Street Interactive in the 4th quarter worth approximately $55,000. Finally, Osaic Holdings Inc. increased its position in Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after acquiring an additional 1,868 shares during the period. 24.78% of the stock is currently owned by institutional investors.

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.