Rush Street Interactive (NYSE:RSI) CFO Kyle Sauers Sells 23,000 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $26.65, for a total transaction of $612,950.00. Following the sale, the chief financial officer owned 629,526 shares in the company, valued at approximately $16,776,867.90. This trade 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 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, July 6th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $31.53, for a total value of $725,190.00.
• 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 value of $585,120.00.

Rush Street Interactive Trading Down 8.4%

Shares of NYSE RSI opened at $26.01 on Thursday. Rush Street Interactive, Inc. has a 12-month low of $15.51 and a 12-month high of $34.53. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 89.68 and a beta of 1.59. The stock’s 50 day simple moving average is $29.91 and its 200 day simple moving average is $24.54.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The firm had revenue of $393.78 million for the quarter, compared to analyst estimates of $367.75 million. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. As a group, equities analysts forecast that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a $39.00 price target on shares of Rush Street Interactive in a research note on Thursday, July 30th. Citigroup reissued a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday, July 30th. Oppenheimer lifted their price target on Rush Street Interactive from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. 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 note on Wednesday, July 15th. Finally, Citizens Jmp upped their price objective on Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating 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 issued a Hold rating to the stock. According to data from MarketBeat, Rush Street Interactive has an average rating of “Moderate Buy” and a consensus price target of $35.22.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new stake in Rush Street Interactive during the fourth quarter worth approximately $47,000. CoreCap Advisors LLC bought a new position in shares of Rush Street Interactive in the second quarter valued at $54,000. Empowered Funds LLC acquired a new stake in shares of Rush Street Interactive during the 4th quarter valued at $55,000. Osaic Holdings Inc. lifted its position in shares of 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 acquiring an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth $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.