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

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $28.39, for a total transaction of $652,970.00. Following the sale, the chief financial officer owned 654,258 shares of the company’s stock, valued at approximately $18,574,384.62. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 Monday, April 6th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The stock was 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 stock was sold at an average price of $19.46, for a total transaction of $447,580.00.

Rush Street Interactive Stock Performance

Shares of RSI stock traded down $1.34 during trading on Wednesday, hitting $27.83. 9,694,094 shares of the company were exchanged, compared to its average volume of 2,058,207. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 89.79 and a beta of 1.65. The business’s 50-day simple moving average is $21.88 and its 200 day simple moving average is $19.52. Rush Street Interactive, Inc. has a twelve month low of $11.50 and a twelve month high of $29.24.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $370.36 million during the quarter, compared to analysts’ expectations of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. On average, equities analysts forecast that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new position in shares of Rush Street Interactive in the first quarter valued at approximately $282,000. Allspring Global Investments Holdings LLC raised its position in shares of Rush Street Interactive by 11.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 29,332 shares of the company’s stock valued at $644,000 after purchasing an additional 3,070 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Rush Street Interactive in the first quarter valued at approximately $7,871,000. Principal Financial Group Inc. raised its position in shares of Rush Street Interactive by 59.0% in the first quarter. Principal Financial Group Inc. now owns 152,402 shares of the company’s stock valued at $3,315,000 after purchasing an additional 56,522 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Rush Street Interactive in the first quarter valued at approximately $1,723,000. Institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RSI. Wall Street Zen raised shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research report on Saturday. 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. Wells Fargo & Company raised their price objective on shares of Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a research report on Wednesday, April 29th. One 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.63.

Key Stories Impacting Rush Street Interactive

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.

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.