Paul Wierbicki Sells 15,000 Shares of Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $21.05, for a total transaction of $315,750.00. Following the sale, the insider directly owned 168,256 shares of the company’s stock, valued at approximately $3,541,788.80. This trade represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $21.53 on Friday. The company’s 50 day simple moving average is $18.97 and its 200 day simple moving average is $19.06. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 76.88 and a beta of 1.54. Rush Street Interactive, Inc. has a 1 year low of $9.66 and a 1 year high of $22.65.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $324.89 million for the quarter, compared to analyst estimates of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. As a group, analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Trading of Rush Street Interactive

A number of hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in shares of Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after purchasing an additional 2,496,109 shares during the last quarter. Marshall Wace LLP raised its holdings in Rush Street Interactive by 100.9% in the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock valued at $35,353,000 after buying an additional 1,191,546 shares during the last quarter. Two Sigma Investments LP raised its holdings in Rush Street Interactive by 247.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock valued at $27,229,000 after buying an additional 946,673 shares during the last quarter. 1060 Capital LLC acquired a new stake in Rush Street Interactive during the 2nd quarter worth approximately $11,222,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Rush Street Interactive by 47.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock worth $43,562,000 after acquiring an additional 683,486 shares during the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on RSI shares. Jefferies Financial Group reissued a “buy” rating and set a $29.00 target price on shares of Rush Street Interactive in a research note on Sunday, January 25th. Zacks Research lowered shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Oppenheimer upped their price objective on shares of Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Susquehanna set a $22.00 price objective on shares of Rush Street Interactive in a research note on Wednesday, January 21st. Finally, Citizens Jmp upgraded shares of Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.22.

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.