Key Points
- CEO Richard Todd Schwartz sold 247,113 shares on March 2 at an average of $19.83 for about $4.9M, leaving him with 454,821 shares and representing a 35.20% reduction in his ownership.
- The CEO sale is part of clustered insider selling—COO Mattias Stetz sold 110,000 shares (Mar 2–4) and CFO Kyle Sauers sold 23,000 shares—moves that can signal caution to investors.
- Context: Rush Street Interactive reported revenue of $324.9M (up 27.8% YoY) but missed EPS ($0.08 vs. $0.10 consensus); the stock trades near $20 with a market cap around $4.74B and an analyst consensus of a "Moderate Buy" with a $22.88 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 on Tuesday, March 3rd. The shares were sold at an average price of $19.46, for a total transaction of $447,580.00. Following the sale, the chief financial officer directly owned 640,306 shares of the company's stock, valued at $12,460,354.76. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Kyle Sauers also recently made the following trade(s):
- On Thursday, January 8th, Kyle Sauers sold 160,067 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.07, for a total value of $3,052,477.69.
Rush Street Interactive Stock Performance
Shares of RSI traded up $0.03 during trading hours on Thursday, hitting $20.41. The stock had a trading volume of 94,035 shares, compared to its average volume of 2,230,527. Rush Street Interactive, Inc. has a 12-month low of $9.54 and a 12-month high of $22.65. The firm has a market cap of $4.74 billion, a P/E ratio of 72.89 and a beta of 1.54. The company's fifty day simple moving average is $18.43 and its 200 day simple moving average is $19.06.
Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). The firm had revenue of $324.89 million for the quarter, compared to analysts' expectations of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. Rush Street Interactive's revenue was up 27.8% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. As a group, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Concord Wealth Partners purchased a new position in shares of Rush Street Interactive in the third quarter valued at $41,000. Kemnay Advisory Services Inc. acquired a new position in Rush Street Interactive in the 4th quarter worth $47,000. Empowered Funds LLC purchased a new position in Rush Street Interactive in the 4th quarter valued at about $55,000. Osaic Holdings Inc. boosted its position in Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company's stock valued at $73,000 after buying an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Rush Street Interactive during the second quarter valued at about $90,000. 24.78% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on RSI. Jefferies Financial Group restated a "buy" rating and issued a $29.00 price target on shares of Rush Street Interactive in a report on Sunday, January 25th. Benchmark reissued a "buy" rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. Zacks Research cut shares of Rush Street Interactive from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Finally, Citigroup upgraded Rush Street Interactive to an "outperform" rating in a report on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Rush Street Interactive currently has an average rating of "Moderate Buy" and an average price target of $22.88.
Read Our Latest Stock Analysis on RSI
Key Rush Street Interactive News
Here are the key news stories impacting Rush Street Interactive this week:
- Positive Sentiment: Company reported robust revenue growth (Q quarter revenue beat consensus, +27.8% year-over-year) and continues to show improving top-line momentum, which underpins analyst optimism. RSI Company Page
- Positive Sentiment: Multiple brokerages recently raised ratings/targets (Citigroup, Oppenheimer, Benchmark among them), keeping a generally constructive analyst backdrop and a consensus “Moderate Buy” with an average target near $22.88. Analyst Notes
- Neutral Sentiment: Institutional ownership is meaningful (~24.8%) and technicals show the stock trading above the 50-day MA (~$18.43) and near the 200-day MA (~$19.06) — mixed signals that can limit big swings absent new catalysts. Ownership & Technicals
- Negative Sentiment: CEO Richard Todd Schwartz sold 247,113 shares on March 2 at an average price of $19.83 (~$4.9M), cutting his stake by ~35% — a large, single executive liquidation that investors often view unfavorably. CEO Form 4
- Negative Sentiment: COO Mattias Stetz executed multiple sales across March 2–4 totaling large blocks (including a 29,725-share sale at ~$20.07 and other lots), in some filings reducing specific lots by as much as ~77.8% — another notable insider exit. COO Form 4s
- Negative Sentiment: CFO Kyle Sauers sold 23,000 shares on March 3 at ~ $19.46 (~$447.6k), a smaller reduction but part of the clustered insider selling pattern that may pressure sentiment. CFO Form 4
Rush Street Interactive Company Profile
(
Get Free Report)
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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