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 stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.53, for a total value of $725,190.00. Following the completion of the transaction, the chief financial officer directly owned 652,526 shares of the company’s stock, valued at approximately $20,574,144.78. The trade was a 3.40% 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.

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 Down 0.1%

Shares of RSI opened at $32.70 on Friday. The firm has a market capitalization of $7.61 billion, a PE ratio of 105.50 and a beta of 1.56. The firm has a 50-day moving average price of $28.56 and a 200 day moving average price of $22.96. Rush Street Interactive, Inc. has a 52-week low of $14.38 and a 52-week high of $33.42.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. On average, equities analysts expect that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in shares of Rush Street Interactive by 82.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,139,667 shares of the company’s stock valued at $33,894,000 after acquiring an additional 516,534 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter worth $54,000. City Center Advisors LLC acquired a new stake in shares of Rush Street Interactive during the second quarter worth $414,000. Prospect Capital Advisors LLC raised its position in shares of Rush Street Interactive by 9.1% during the first quarter. Prospect Capital Advisors LLC now owns 482,500 shares of the company’s stock worth $10,494,000 after purchasing an additional 40,050 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Rush Street Interactive by 81.8% during the first quarter. Bank of America Corp DE now owns 852,653 shares of the company’s stock valued at $18,545,000 after purchasing an additional 383,745 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RSI shares. JPMorgan Chase & Co. upped their target price on Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Jefferies Financial Group lifted their price target on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Benchmark boosted their price objective on Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Citizens Jmp lifted their target price on Rush Street Interactive from $30.00 to $33.00 and gave the stock a “market outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average target price 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.