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

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer owned 629,526 shares of the company’s stock, valued at $16,776,867.90. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was 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%

RSI traded down $2.38 during midday trading on Wednesday, hitting $26.01. The company’s stock had a trading volume of 4,530,348 shares, compared to its average volume of 2,343,023. The firm has a market cap of $6.05 billion, a P/E ratio of 89.68 and a beta of 1.59. The firm has a 50-day moving average price of $29.93 and a two-hundred day moving average price of $24.50. Rush Street Interactive, Inc. has a 52-week low of $15.51 and a 52-week high of $34.53.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company’s quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 EPS. On average, equities analysts expect that Rush Street Interactive, Inc. will post 0.5 EPS for the current year.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock valued at $484,000 after buying an additional 1,893 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Rush Street Interactive by 18.8% in the 1st 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 period. Prudential Financial Inc. purchased a new position in shares of Rush Street Interactive in the 2nd quarter valued at $166,000. Invesco Ltd. lifted its holdings in shares of Rush Street Interactive by 377.1% during the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after acquiring an additional 215,538 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Rush Street Interactive during the 2nd quarter valued at $3,766,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RSI shares. Jefferies Financial Group reaffirmed a “buy” rating and set 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 research note on Thursday, July 30th. Benchmark upped their price objective on Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Oppenheimer increased their target price on Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded Rush Street Interactive from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. 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 company. Based on data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.22.

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.