Rush Street Interactive (NYSE:RSI) CEO Sells $17,721,600.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 710,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Richard Todd Schwartz also recently made the following trade(s):

• On Wednesday, May 6th, Richard Todd Schwartz sold 106,500 shares of Rush Street Interactive stock. The shares were sold at an average price of $24.96, for a total value of $2,658,240.00.
• On Friday, May 1st, Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.13, for a total value of $3,125,580.56.
• On Friday, May 1st, Richard Todd Schwartz sold 47,223 shares of Rush Street Interactive stock. The shares were sold at an average price of $28.13, for a total transaction of $1,328,382.99.
• On Thursday, April 16th, Richard Todd Schwartz sold 61,765 shares of Rush Street Interactive stock. The stock was sold at an average price of $22.60, for a total transaction of $1,395,889.00.
• On Wednesday, April 1st, Richard Todd Schwartz sold 90,482 shares of Rush Street Interactive stock. The stock was sold at an average price of $22.04, for a total transaction of $1,994,223.28.
• On Monday, March 2nd, Richard Todd Schwartz sold 247,113 shares of Rush Street Interactive stock. The shares were sold at an average price of $19.83, for a total transaction of $4,900,250.79.
• On Tuesday, February 17th, Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock. The stock was sold at an average price of $16.82, for a total transaction of $4,156,457.48.

Rush Street Interactive Stock Performance

NYSE RSI traded down $1.34 during trading on Wednesday, hitting $27.83. The stock had a trading volume of 9,694,094 shares, compared to its average volume of 2,058,207. Rush Street Interactive, Inc. has a one year low of $11.50 and a one year high of $29.24. The stock has a 50 day simple moving average of $21.88 and a 200 day simple moving average of $19.52. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 89.79 and a beta of 1.65.

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

Analyst Ratings Changes

RSI has been the subject of a number of recent analyst reports. Citigroup reissued an “outperform” rating on shares of Rush Street Interactive in a research note on Wednesday, April 29th. Citizens Jmp boosted their price objective on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 8th. Susquehanna upped their target price on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their target price on shares of Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. New York State Teachers Retirement System increased its position in Rush Street Interactive by 5.2% during the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock valued at $184,000 after purchasing an additional 419 shares during the period. Man Group plc lifted its position in shares of Rush Street Interactive by 0.7% in the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after purchasing an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Rush Street Interactive by 4.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock valued at $398,000 after purchasing an additional 752 shares in the last quarter. Cerity Partners LLC increased its holdings in Rush Street Interactive by 4.6% during the fourth quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock valued at $460,000 after buying an additional 1,042 shares during the period. Finally, ProShare Advisors LLC raised its stake in Rush Street Interactive by 10.3% in the fourth quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock worth $325,000 after buying an additional 1,561 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive News Summary

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.