Rush Street Interactive, Inc. (NYSE:RSI – Get Free Report) CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.65, for a total transaction of $612,950.00. Following the transaction, the chief financial officer directly owned 629,526 shares in the company, valued at $16,776,867.90. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a 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, July 6th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $31.53, for a total transaction 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 transaction of $585,120.00.
Rush Street Interactive Stock Down 3.1%
Shares of NYSE:RSI opened at $25.11 on Friday. The firm has a fifty day moving average of $29.89 and a two-hundred day moving average of $24.58. Rush Street Interactive, Inc. has a 12-month low of $15.51 and a 12-month high of $34.53. The firm has a market capitalization of $5.84 billion, a P/E ratio of 86.60 and a beta of 1.59.
Institutional Trading of Rush Street Interactive
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after purchasing an additional 109,366 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Rush Street Interactive in the second quarter valued at $166,000. Invesco Ltd. lifted its position in Rush Street Interactive by 377.1% in the second quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock worth $4,063,000 after purchasing an additional 215,538 shares during the period. Finally, First Trust Advisors LP bought a new position in Rush Street Interactive in the second quarter worth $3,766,000. Institutional investors and hedge funds own 24.78% of the company’s stock.
More Rush Street Interactive News
Here are the key news stories impacting Rush Street Interactive this week:
- Positive Sentiment: New exclusive BetRivers content: AGS launched its Bonus Spin Xtreme progressive table-game platform and linked titles online exclusively through RSI’s BetRivers brand. The deal expands RSI’s real-money casino offering and could support customer engagement and gaming revenue. AGS Launches Bonus Spin Xtreme on BetRivers
- Positive Sentiment: Strong operating momentum: RSI’s latest quarterly revenue increased 46.3% year over year to $393.78 million, exceeding analysts’ $367.75 million estimate. Earnings per share of $0.15 matched expectations, compared with $0.11 a year earlier.
- Positive Sentiment: Analyst backing remains favorable: Needham raised its price target to $36, Benchmark increased its target to $35, and Weiss Ratings upgraded the stock to “buy.” RSI has a consensus “Moderate Buy” rating and an average target of $35.22, above recent trading levels.
- Neutral Sentiment: Institutional ownership changes were mixed but generally constructive: Several funds increased their positions, including ProShare Advisors, Cerity Partners and the New York State Teachers Retirement System. Institutional investors and hedge funds own approximately 24.78% of RSI.
- Negative Sentiment: Multiple executives sold shares: CEO Richard Todd Schwartz sold a combined 158,334 shares worth about $4.44 million, CFO Kyle Sauers sold 23,000 shares worth approximately $613,000, and COO Mattias Stetz sold 20,000 shares worth about $561,000. The transactions reduced their individual holdings by roughly 3.5% to 20.9% and could raise concerns about insider conviction.
- Negative Sentiment: Sales were made under pre-arranged Rule 10b5-1 plans, which reduces their value as a real-time signal of management’s outlook but does not eliminate the potential for short-term selling pressure. RSI also trades below its 50-day moving average and at a high valuation, with a reported P/E ratio above 85.
Analysts Set New Price Targets
RSI has been the subject of several recent research reports. New Street Research set a $35.00 target price on shares of Rush Street Interactive in a research report on Thursday, July 23rd. Citizens Jmp raised their price target on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their price objective on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Benchmark upped their price objective on shares of Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Rush Street Interactive from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.22.
Read Our Latest Research Report on Rush Street Interactive
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.
Read More
- Five stocks we like better than Rush Street Interactive
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Receive News & Ratings for Rush Street Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Street Interactive and related companies with MarketBeat.com's FREE daily email newsletter.
