Investors Purchase High Volume of Rush Street Interactive Put Options (NYSE:RSI)

Rush Street Interactive, Inc. (NYSE:RSI) was the recipient of some unusual options trading activity on Monday. Investors bought 6,033 put options on the company. This represents an increase of approximately 351% compared to the average volume of 1,338 put options.

Insider Buying and Selling at Rush Street Interactive

In related news, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.53, for a total transaction of $725,190.00. Following the completion of the transaction, the chief financial officer directly owned 652,526 shares of the company’s stock, valued at $20,574,144.78. This trade represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $30.12, for a total transaction of $301,200.00. Following the transaction, the insider directly owned 93,256 shares of the company’s stock, valued at approximately $2,808,870.72. This trade represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,032,328 shares of company stock worth $78,141,973. Corporate insiders own 52.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in Rush Street Interactive by 763.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after acquiring an additional 2,496,109 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Rush Street Interactive by 84.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock worth $60,121,000 after purchasing an additional 1,267,622 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in shares of Rush Street Interactive in the 1st quarter worth $24,874,000. Two Sigma Investments LP raised its stake in shares of Rush Street Interactive by 247.3% in the third quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock worth $27,229,000 after purchasing an additional 946,673 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Rush Street Interactive by 76.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company’s stock worth $26,065,000 after purchasing an additional 580,568 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $31.68 on Tuesday. Rush Street Interactive has a one year low of $15.18 and a one year high of $34.53. The company’s 50-day moving average is $29.76 and its 200 day moving average is $24.08. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 102.18 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data 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. The business had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s revenue was up 41.1% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. As a group, research analysts predict that Rush Street Interactive will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Benchmark raised their target price on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company upped their price target on Rush Street Interactive from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Susquehanna raised their price objective on Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rush Street Interactive in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus target price of $33.11.

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.