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Director Niccolo de Masi of Rush Street Interactive, Inc. (NYSE:RSI), a $3.5 billion market cap company that has delivered an impressive 72% return over the past year, sold a total of 447,594 shares of Class A Common Stock between July 3rd and July 8th, 2025, for approximately $6.7 million. According to InvestingPro data, the stock is currently trading near its 52-week high of $16.78.
The sales, executed under a pre-arranged 10b5-1 trading plan, involved three separate transactions. On July 3rd, de Masi sold 111,478 shares at a weighted average price of $15.1033, for a total value of $1,683,675. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.24 per share. On July 7th, 276,163 shares were sold at a weighted average price of $15.1481, for a total value of $4,183,386, with prices ranging from $15.00 to $15.28. The final sale occurred on July 8th, with 58,453 shares sold at a weighted average price of $15.2783, for a total value of $893,031 and prices ranging from $15.10 to $15.40 per share. With a P/E ratio of 153.8x and technical indicators suggesting overbought conditions, the stock appears richly valued despite its strong financial health score.
Following these transactions, de Masi indirectly holds 446,094 shares and directly holds 15,203 shares of Rush Street Interactive, Inc. For comprehensive insider trading analysis and 14 additional key insights about RSI, visit InvestingPro.
In other recent news, Rush Street Interactive has seen several key developments. Jefferies raised its price target for the company to $18.00 from $17.00, maintaining a Buy rating. The firm projects Rush Street Interactive’s revenue for the second quarter of 2025 at $253 million, with full-year 2025 revenue at $1.07 billion, both exceeding consensus estimates. Benchmark also reiterated its Buy rating with a $17.00 price target, highlighting strong iGaming engagement and consistent platform performance, despite challenges from Colombia’s temporary VAT on deposits. Meanwhile, JPMorgan initiated coverage with a neutral rating and a $14.00 price target, noting the company’s strong product capabilities but indicating that current valuation appears full.
Rush Street Interactive has also expanded its BetRivers PropPacks product line to include Major League Baseball, enhancing the sports betting experience for fans. This new feature allows users to engage with MLB games through digital baseball cards combined with prop betting, offering up to $1,000 in bonus credits. In addition, Rush Street Interactive reported a 36% growth in iGaming revenue in April, as highlighted by Citizens JMP, which also noted similar growth for Caesars (NASDAQ:CZR) Entertainment and FanDuel. These developments reflect Rush Street Interactive’s ongoing efforts to innovate and expand within the online gaming sector.
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