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

Key Points

• CFO Kyle Sauers sold 23,000 Rush Street Interactive shares at an average price of $26.56, generating $610,880. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his stake by 3.65% to 606,526 shares.
• RSI reported quarterly revenue of $393.78 million, up 46.3% year over year and above analysts’ $367.75 million estimate, while earnings per share of $0.15 matched expectations.
• Analysts maintain a Moderate Buy consensus, with an average price target of $35.22 versus the stock’s reported trading price of $26.64; RSI has a $6.17 billion market capitalization.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CFO Kyle Sauers sold 23,000 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $26.56, for a total value of $610,880.00. Following the completion of the sale, the chief financial officer owned 606,526 shares of the company's stock, valued at $16,109,330.56. This represents a 3.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 Monday, August 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $26.65, for a total value of $612,950.00.
• 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.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock traded up $0.47 during trading on Thursday, hitting $26.64. 2,307,014 shares of the company were exchanged, compared to its average volume of 2,309,105. The firm has a market capitalization of $6.17 billion, a P/E ratio of 91.87 and a beta of 1.51. Rush Street Interactive, Inc. has a 1-year low of $15.51 and a 1-year high of $34.53. The firm's fifty day moving average price is $28.97 and its 200 day moving average price is $25.65.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. During the same period last year, the company posted $0.11 EPS. Rush Street Interactive's revenue for the quarter was up 46.3% on a year-over-year basis. As a group, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RSI shares. New Street Research set a $35.00 price target on shares of Rush Street Interactive in a research note on Thursday, July 23rd. Jefferies Financial Group restated a "buy" rating and set a $39.00 price objective on shares of Rush Street Interactive in a report on Thursday, July 30th. Oppenheimer boosted their price objective on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Susquehanna lifted their price target on Rush Street Interactive from $30.00 to $36.00 and gave the company a "positive" rating in a research note on Wednesday, July 29th. Finally, Citizens Jmp lifted their target price on Rush Street Interactive from $33.00 to $34.00 and gave the company a "market outperform" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.22.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSI. Global Retirement Partners LLC acquired a new position in shares of Rush Street Interactive during the 2nd quarter worth about $35,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at about $47,000. CoreCap Advisors LLC acquired a new stake in shares of Rush Street Interactive in the second quarter valued at about $54,000. Empowered Funds LLC bought a new stake in Rush Street Interactive during the fourth quarter worth about $55,000. Finally, Allworth Financial LP acquired a new stake in shares of Rush Street Interactive in the 2nd quarter valued at approximately $57,000. 24.78% of the stock is owned by institutional investors.

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.

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