Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CFO Kyle Sauers sold 23,000 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.53, for a total transaction of $725,190.00. Following the sale, the chief financial officer directly owned 652,526 shares of the company's stock, valued at approximately $20,574,144.78. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kyle Sauers also recently made the following trade(s):
- On Wednesday, June 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.44, for a total value of $585,120.00.
- On Monday, May 4th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.39, for a total value of $652,970.00.
Rush Street Interactive Trading Up 1.4%
RSI opened at $32.78 on Thursday. The company's fifty day moving average price is $28.39 and its two-hundred day moving average price is $22.87. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 105.73 and a beta of 1.56. Rush Street Interactive, Inc. has a 1-year low of $14.38 and a 1-year high of $32.86.
Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The company had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. During the same quarter last year, the company earned $0.09 earnings per share. The company's revenue for the quarter was up 41.1% on a year-over-year basis. As a group, equities analysts forecast that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Rush Street Interactive
Institutional investors have recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new stake in Rush Street Interactive in the fourth quarter worth $47,000. CoreCap Advisors LLC bought a new position in shares of Rush Street Interactive in the second quarter worth approximately $54,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive in the fourth quarter valued at about $55,000. Osaic Holdings Inc. boosted its holdings in shares of Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company's stock worth $73,000 after purchasing an additional 1,868 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Rush Street Interactive in the 2nd quarter worth approximately $90,000. Hedge funds and other institutional investors own 24.78% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on RSI shares. Needham & Company LLC increased their target price on shares of Rush Street Interactive from $25.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on Rush Street Interactive from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 16th. Susquehanna lifted their target price on Rush Street Interactive from $25.00 to $29.00 and gave the company a "positive" rating in a report on Wednesday, April 29th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Rush Street Interactive in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.62.
View Our Latest Stock Analysis on RSI
About Rush Street Interactive
(
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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