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

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.53, for a total transaction of $725,190.00. Following the transaction, the chief financial officer owned 652,526 shares in the company, valued at approximately $20,574,144.78. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $25.44, for a total value of $585,120.00.
• On Monday, May 4th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.39, for a total value of $652,970.00.

Rush Street Interactive Price Performance

Shares of RSI stock opened at $32.78 on Thursday. Rush Street Interactive, Inc. has a one year low of $14.38 and a one year high of $32.86. The stock has a market cap of $7.63 billion, a PE ratio of 105.73 and a beta of 1.56. The stock has a 50-day moving average of $28.39 and a 200-day moving average of $22.87.

Rush Street Interactive (NYSE:RSI) last posted 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. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds have recently made changes to their positions in RSI. Precision Wealth Strategies LLC acquired a new position in shares of Rush Street Interactive during the fourth quarter worth $1,680,000. UBS Group AG grew its stake in shares of Rush Street Interactive by 4.0% in the fourth quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock worth $20,154,000 after purchasing an additional 40,232 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Rush Street Interactive during the 4th quarter worth $2,053,000. Vanguard Group Inc. grew its position in shares of Rush Street Interactive by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after buying an additional 227,783 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Rush Street Interactive by 17.3% during the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after acquiring an additional 378,002 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RSI has been the subject of a number of recent research reports. Benchmark increased their price objective on shares of Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rush Street Interactive in a report on Monday. Oppenheimer boosted their price target on Rush Street Interactive from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Freedom Capital upgraded shares of Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.