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Kyle Sauers, Chief Financial Officer of Rush Street Interactive, Inc. (NYSE:RSI), recently executed a sale of company stock. The transaction comes as RSI’s shares have shown remarkable performance, delivering an 80% return over the past year. On March 18, 2025, Sauers sold 28,381 shares of Class A Common Stock at a price of $10.70 per share, totaling $303,676. This transaction was conducted under a 10b5-1 trading plan dated August 8, 2024. According to InvestingPro analysis, RSI currently trades below its Fair Value, despite maintaining strong financial health with robust liquidity metrics.
In addition to the sale, Sauers acquired 48,781 restricted stock units on March 14, 2025, as part of the company’s 2020 Omnibus Equity Incentive Plan. These units will vest in three equal annual installments, contingent upon Sauers’ continued service with the company. For deeper insights into RSI’s valuation metrics and 13 additional ProTips, including detailed insider trading analysis, check out the comprehensive Pro Research Report available on InvestingPro.
Furthermore, on March 17, 2025, 37,228 shares were withheld by the company to meet tax obligations related to the vesting of previously disclosed restricted stock units. This withholding does not represent a sale by Sauers. The company, with a market capitalization of $2.43 billion, maintains a strong balance sheet with more cash than debt, supporting its ability to meet such obligations efficiently.
In other recent news, Rush Street Interactive has reported a strong financial performance for the fourth quarter of 2024, exceeding Wall Street’s expectations. The company posted earnings per share of $0.07, surpassing the forecasted $0.05, and reported revenue of $254.2 million, which was higher than the anticipated $243.83 million. This represents a 31% year-over-year increase in quarterly revenue, contributing to a full-year revenue of $924.1 million, up 34% from the previous year. Benchmark analysts responded to these results by raising their price target for Rush Street Interactive shares to $14, maintaining a Buy rating, citing the company’s effective marketing strategies and iCasino expansion as key growth drivers.
Additionally, Susquehanna analyst Joseph Stauff upgraded the company’s stock from Neutral to Positive, with a price target of $14.00. Stauff’s upgrade reflects optimism about the company’s strategic positioning and potential growth in its North American iCasino operations. The analyst also noted potential upside if iCasino legalization expands to more states, such as Maryland, New York, and Illinois. Rush Street Interactive’s robust performance and strategic initiatives have positioned it well to navigate regulatory challenges and capitalize on growth opportunities in the evolving online gaming market.
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