Investors Buy High Volume of Rush Street Interactive Put Options (NYSE:RSI)

Rush Street Interactive, Inc. (NYSE:RSI) saw unusually large options trading on Monday. Stock investors bought 6,033 put options on the stock. This is an increase of 351% compared to the average volume of 1,338 put options.

Rush Street Interactive Stock Performance

Shares of RSI stock traded up $0.24 during mid-day trading on Monday, reaching $31.68. The company’s stock had a trading volume of 1,884,150 shares, compared to its average volume of 2,260,853. The firm’s 50-day moving average is $29.68 and its two-hundred day moving average is $24.00. The company has a market cap of $7.37 billion, a P/E ratio of 102.18 and a beta of 1.56. Rush Street Interactive has a 1-year low of $15.18 and a 1-year high of $34.53.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm’s revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. Sell-side analysts anticipate that Rush Street Interactive will post 0.5 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on RSI. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rush Street Interactive in a report on Monday, July 6th. Benchmark upped their price target on Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday. Citizens Jmp raised their price objective on Rush Street Interactive from $30.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 8th. Finally, Citigroup reissued an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.11.

Insiders Place Their Bets

In related news, Chairman Neil Bluhm sold 1,371,150 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total transaction of $34,223,904.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judith Gold sold 50,000 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $27.58, for a total transaction of $1,379,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,032,328 shares of company stock valued at $78,141,973 in the last three months. 52.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. CoreCap Advisors LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $54,000. Kemnay Advisory Services Inc. acquired a new stake in Rush Street Interactive in the 4th quarter valued at $47,000. Empowered Funds LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at $55,000. Osaic Holdings Inc. grew its position in Rush Street Interactive by 62.2% in the second 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 period. Finally, US Bancorp DE bought a new stake in Rush Street Interactive in the third quarter valued at $115,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Rush Street Interactive Company Profile

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.