Rush Street Interactive (NYSE:RSI) Shares Gap Down on Insider Selling

Rush Street Interactive, Inc. (NYSE:RSI)’s stock price gapped down prior to trading on Wednesday following insider selling activity. The stock had previously closed at $29.17, but opened at $26.20. Rush Street Interactive shares last traded at $26.9720, with a volume of 2,077,731 shares changing hands.

Specifically, Chairman Neil Bluhm sold 1,371,150 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total transaction of $34,223,904.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mattias Stetz sold 11,175 shares of Rush Street Interactive stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total transaction of $278,928.00. Following the completion of the transaction, the chief operating officer directly owned 237,874 shares of the company’s stock, valued at $5,937,335.04. The trade was a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, COO Mattias Stetz sold 74,500 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total transaction of $1,859,520.00. Following the sale, the chief operating officer directly owned 237,874 shares of the company’s stock, valued at $5,937,335.04. This represents a 23.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analysts Set New Price Targets

Several brokerages recently weighed in on RSI. Wells Fargo & Company lifted their price target on Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. Susquehanna upped their price target on Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Finally, Oppenheimer boosted their price objective on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.63.

Rush Street Interactive Trading Down 0.4%

The stock’s fifty day moving average price is $22.25 and its two-hundred day moving average price is $19.65. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 89.60 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business 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 quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. Analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rush Street Interactive

Several large investors have recently bought and sold shares of RSI. New York State Teachers Retirement System boosted its position in shares of Rush Street Interactive by 5.2% in the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock valued at $184,000 after purchasing an additional 419 shares during the period. Man Group plc increased its stake in shares of Rush Street Interactive by 0.7% during the second quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after acquiring an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Rush Street Interactive by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock worth $398,000 after purchasing an additional 752 shares during the period. Cerity Partners LLC lifted its holdings in shares of Rush Street Interactive by 4.6% in the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock valued at $460,000 after buying an additional 1,042 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of Rush Street Interactive by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock valued at $325,000 after buying an additional 1,561 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Company Profile

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.