Insider Selling: Rush Street Interactive (NYSE:RSI) CFO Sells $652,970.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $28.39, for a total transaction of $652,970.00. Following the completion of the transaction, the chief financial officer directly owned 654,258 shares in the company, valued at $18,574,384.62. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Sauers also recently made the following trade(s):

• On Monday, April 6th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $22.62, for a total transaction of $520,260.00.
• On Tuesday, March 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $19.46, for a total transaction of $447,580.00.

Rush Street Interactive Trading Down 0.4%

Shares of Rush Street Interactive stock opened at $27.78 on Friday. The firm has a market capitalization of $6.45 billion, a PE ratio of 89.60 and a beta of 1.65. Rush Street Interactive, Inc. has a twelve month low of $11.50 and a twelve month high of $29.24. The firm’s 50-day moving average price is $22.25 and its 200 day moving average price is $19.65.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. On average, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RSI. Concord Wealth Partners purchased a new position in Rush Street Interactive in the 3rd quarter worth approximately $41,000. Kemnay Advisory Services Inc. purchased a new position in Rush Street Interactive in the 4th quarter worth approximately $47,000. Empowered Funds LLC purchased a new position in Rush Street Interactive in the 4th quarter worth approximately $55,000. Osaic Holdings Inc. lifted its stake in Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Rush Street Interactive in the 2nd quarter worth approximately $90,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RSI has been the subject of a number of research reports. Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, April 29th. Susquehanna upped their target price on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Citizens Jmp upped their target price on shares of Rush Street Interactive from $24.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 8th. 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, Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. One equities research 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. According to MarketBeat, Rush Street Interactive currently has an average rating of “Moderate Buy” and an average target price of $28.63.

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.