Insider Selling: Rush Street Interactive (NYSE:RSI) CFO Sells 23,000 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $19.46, for a total value of $447,580.00. Following the completion of the sale, the chief financial officer directly owned 640,306 shares of the company’s stock, valued at $12,460,354.76. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $3,052,477.69.

Rush Street Interactive Trading Up 2.0%

RSI traded up $0.39 on Wednesday, reaching $20.38. The stock had a trading volume of 1,244,050 shares, compared to its average volume of 2,525,342. The company has a market cap of $4.74 billion, a P/E ratio of 79.96 and a beta of 1.54. Rush Street Interactive, Inc. has a 12-month low of $9.54 and a 12-month high of $22.65. The business’s 50-day moving average price is $18.41 and its two-hundred day moving average price is $19.05.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. As a group, analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Rush Street Interactive News Summary

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

• Negative Sentiment: CEO Richard Todd Schwartz sold 247,113 shares at an average price of $19.83 for proceeds of about $4.90M, reducing his stake by ~35.2%. This is a large, single executive sale that may be viewed negatively by investors. SEC filing
• Negative Sentiment: COO Mattias Stetz sold multiple tranches across March 2–4 totaling 110,000 shares (roughly $2.20M in proceeds at ~ $20/share). Several filings show substantial reductions in his holdings, including one disclosure showing a very large percentage drop in a tranche — signaling meaningful insider liquidity-taking. SEC filing
• Negative Sentiment: CFO Kyle Sauers sold 23,000 shares at an average $19.46 for about $447.6K, trimming his stake by ~3.47% though he still retains a sizable holding. Smaller but notable given multiple senior officers are selling at similar price levels. SEC filing

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RSI shares. Jefferies Financial Group reissued a “buy” rating and set a $29.00 target price on shares of Rush Street Interactive in a research report on Sunday, January 25th. Oppenheimer upped their price target on Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. Citigroup raised shares of Rush Street Interactive to an “outperform” rating in a research note on Wednesday, February 18th. Finally, Citizens Jmp raised Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective for the company in a research note on Wednesday, February 18th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after purchasing an additional 2,496,109 shares in the last quarter. Marshall Wace LLP raised its stake in Rush Street Interactive by 100.9% during the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock worth $35,353,000 after buying an additional 1,191,546 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Rush Street Interactive by 247.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock valued at $27,229,000 after purchasing an additional 946,673 shares in the last quarter. 1060 Capital LLC acquired a new position in shares of Rush Street Interactive in the second quarter valued at approximately $11,222,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Rush Street Interactive by 47.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock worth $43,562,000 after purchasing an additional 683,486 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.