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

Key Points

• CFO Kyle Sauers sold 23,000 shares on May 4 at an average price of $28.39 (≈$652,970), reducing his stake by 3.4%; the sale was executed under a pre‑arranged Rule 10b5‑1 plan and follows similar sales in April and March.
• Corporate actions are mixed: the board approved a $100 million share repurchase program, but selling stockholders launched a secondary offering of 10,000,000 Class A shares and several senior insiders (Chairman, CEO, COO) sold large blocks, increasing near‑term supply and downward pressure on the stock.
• Fundamentals remain strong: Rush Street Interactive beat quarterly estimates with $0.14 EPS (vs. $0.12) and $370.36M revenue (up 41.1% YoY), and analysts have raised price targets, leaving a consensus rating of "Moderate Buy" with a ~$28.63 target.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CFO Kyle Sauers sold 23,000 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $28.39, for a total transaction of $652,970.00. Following the completion of the sale, the chief financial officer owned 654,258 shares in the company, valued at approximately $18,574,384.62. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Sauers also recently made the following trade(s):

• On Monday, April 6th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $22.62, for a total transaction of $520,260.00.
• On Tuesday, March 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $19.46, for a total transaction of $447,580.00.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI traded down $1.34 during trading hours on Wednesday, hitting $27.83. 9,694,094 shares of the company's stock traded hands, compared to its average volume of 2,058,207. Rush Street Interactive, Inc. has a 52 week low of $11.50 and a 52 week high of $29.24. The company's fifty day simple moving average is $21.88 and its two-hundred day simple moving average is $19.52. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 89.79 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings data 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. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The company had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.83 million. During the same quarter last year, the firm posted $0.09 EPS. The business's revenue for the quarter was up 41.1% on a year-over-year basis. On average, analysts anticipate that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

More Rush Street Interactive News

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Board approves $100 million share repurchase program and the company announced a concurrent repurchase alongside the secondary offering — this reduces net float pressure and signals capital return. Read More.
• Neutral Sentiment: CFO Kyle Sauers sold 23,000 shares under a pre‑arranged Rule 10b5‑1 trading plan (avg $28.39) — a planned sale that is less informative about management’s private view of the stock. Read More.
• Negative Sentiment: Selling stockholders (trusts beneficially owned by Chairman Neil Bluhm, CEO Richard Schwartz and COO Mattias Stetz) launched an underwritten secondary offering of 10,000,000 Class A shares — this increases available supply and created selling pressure. Read More.
• Negative Sentiment: Chairman Neil Bluhm sold 1,371,150 shares at ~$24.96 (~$34.2M) in filings — large insider disposition from an insider trust likely amplified downward price movement. Read More.
• Negative Sentiment: CEO Richard Todd Schwartz sold 816,500 shares across May 5–6 at ~$24.96 (totaling ~ $20.4M) — significant insider sales from the CEO increase perception of near‑term supply. Read More.
• Negative Sentiment: COO Mattias Stetz sold ~85,675 shares across May 5–6 at ~$24.96 (~$2.14M) reducing his stake materially — more insider selling from senior management. Read More.

Analyst Ratings Changes

Several research firms have recently weighed in on RSI. Oppenheimer raised their price objective on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Freedom Capital upgraded shares of Rush Street Interactive to a "strong-buy" rating in a research report on Wednesday, March 11th. Susquehanna raised their price objective on shares of Rush Street Interactive from $25.00 to $29.00 and gave the company a "positive" rating in a research report on Wednesday, April 29th. Finally, Benchmark raised their target price on shares of Rush Street Interactive from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. 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 stock. Based on data from MarketBeat, Rush Street Interactive currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Rush Street Interactive by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company's stock worth $175,843,000 after buying an additional 227,783 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Rush Street Interactive by 1.3% during the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company's stock worth $92,592,000 after purchasing an additional 80,471 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company's stock worth $57,815,000 after purchasing an additional 2,496,109 shares during the period. William Blair Investment Management LLC boosted its holdings 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 purchasing an additional 378,002 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Rush Street Interactive by 8.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company's stock worth $48,913,000 after purchasing an additional 193,110 shares during the period. 24.78% of the stock is currently 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.

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