Rush Street Interactive (NYSE:RSI) Insider Paul Wierbicki Sells 15,000 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 15,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $23.00, for a total value of $345,000.00. Following the completion of the transaction, the insider owned 138,256 shares of the company’s stock, valued at $3,179,888. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Wierbicki also recently made the following trade(s):

• On Monday, March 23rd, Paul Wierbicki sold 15,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $21.05, for a total value of $315,750.00.

Rush Street Interactive Stock Up 0.6%

NYSE:RSI opened at $22.19 on Thursday. The stock’s fifty day moving average is $19.68 and its two-hundred day moving average is $19.08. Rush Street Interactive, Inc. has a 52 week low of $10.54 and a 52 week high of $23.15. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 79.24 and a beta of 1.45.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The firm had revenue of $324.89 million for the quarter, compared to analyst estimates of $305.08 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, sell-side analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on RSI. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. Needham & Company LLC increased their price objective on Rush Street Interactive from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $29.00 price objective on shares of Rush Street Interactive in a research note on Sunday, January 25th. Finally, Wells Fargo & Company began coverage on Rush Street Interactive in a research note on Thursday, March 26th. They issued an “overweight” rating and a $26.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

Hedge Funds Weigh In On Rush Street Interactive

Several large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV purchased a new position in Rush Street Interactive in the fourth quarter valued at $197,000. Fuller & Thaler Asset Management Inc. increased its holdings in Rush Street Interactive by 8.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company’s stock valued at $48,913,000 after buying an additional 193,110 shares during the last quarter. Empowered Funds LLC purchased a new position in Rush Street Interactive in the fourth quarter valued at $55,000. Voloridge Investment Management LLC increased its holdings in Rush Street Interactive by 76.9% in the fourth quarter. Voloridge Investment Management LLC now owns 738,840 shares of the company’s stock valued at $14,356,000 after buying an additional 321,288 shares during the last quarter. Finally, Polymer Capital Management US LLC increased its holdings in Rush Street Interactive by 45.5% in the fourth quarter. Polymer Capital Management US LLC now owns 64,822 shares of the company’s stock valued at $1,259,000 after buying an additional 20,258 shares during the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

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.