Rush Street Interactive (NYSE:RSI) Trading Down 8.2% After Insider Selling

Rush Street Interactive, Inc. (NYSE:RSI) was down 8.2% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $26.41 and last traded at $26.0690. 2,735,665 shares changed hands during trading, an increase of 17% from the average daily volume of 2,329,753 shares. The stock had previously closed at $28.39.

Specifically, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $28.03, for a total transaction of $560,600.00. Following the sale, the chief operating officer directly owned 177,874 shares of the company’s stock, valued at $4,985,808.22. The trade was a 10.11% decrease in their position. 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. Also, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.65, for a total value of $612,950.00. Following the completion of the sale, the chief financial officer directly owned 629,526 shares of the company’s stock, valued at approximately $16,776,867.90. The trade was a 3.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 111,112 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the transaction, the chief executive officer owned 421,258 shares of the company’s stock, valued at $11,803,649.16. The trade was a 20.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Susquehanna lifted their price target on Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a report on Wednesday, July 29th. Citizens Jmp boosted their price objective on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $39.00 target price on shares of Rush Street Interactive in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.22.

Rush Street Interactive Stock Performance

The stock has a market cap of $5.79 billion, a PE ratio of 85.86 and a beta of 1.59. The company’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $24.58.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $393.78 million during the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. Equities research analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Rush Street Interactive by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after purchasing an additional 1,893 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Rush Street Interactive by 18.8% during the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after acquiring an additional 109,366 shares during the last quarter. Prudential Financial Inc. purchased a new position in Rush Street Interactive in the 2nd quarter worth $166,000. Invesco Ltd. lifted its position in Rush Street Interactive by 377.1% in the second quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after purchasing an additional 215,538 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Rush Street Interactive during the second quarter valued at about $3,766,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

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.