Insider Selling: Rush Street Interactive (NYSE:RSI) CFO Sells $585,120.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total transaction of $585,120.00. Following the transaction, the chief financial officer directly owned 631,258 shares in the company, valued at approximately $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 available through this hyperlink. 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 stock was sold at an average price of $28.39, for a total transaction of $652,970.00.
• On Monday, April 6th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $22.62, for a total transaction of $520,260.00.

Rush Street Interactive Stock Up 0.4%

Rush Street Interactive stock opened at $26.24 on Monday. Rush Street Interactive, Inc. has a 52-week low of $12.91 and a 52-week high of $29.24. The firm has a fifty day moving average of $24.85 and a 200-day moving average of $20.99. The firm has a market capitalization of $6.11 billion, a P/E ratio of 84.63 and a beta of 1.58.

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, topping the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The company had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.83 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. On average, research analysts expect that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RSI. Citigroup reissued an “outperform” rating on shares of Rush Street Interactive in a research report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price objective on shares of Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Wells Fargo & Company increased their price objective on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Citizens Jmp increased their price objective on shares of Rush Street Interactive from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 20th. Finally, Susquehanna increased their price objective on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.25.

Institutional Investors Weigh In On Rush Street Interactive

Large investors have recently added to or reduced their stakes in the company. Concord Wealth Partners acquired a new stake in Rush Street Interactive during the 3rd quarter valued at $41,000. Kemnay Advisory Services Inc. acquired a new stake in Rush Street Interactive during the 4th quarter valued at $47,000. Empowered Funds LLC acquired a new stake in Rush Street Interactive during the 4th quarter valued at $55,000. Osaic Holdings Inc. grew its holdings in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Rush Street Interactive during the 2nd quarter valued at $90,000. 24.78% of the stock is owned by institutional investors and hedge funds.

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.