Rush Street Interactive (NYSE:RSI) CEO Sells $2,658,240.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 106,500 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total transaction of $2,658,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, May 5th, Richard Todd Schwartz sold 710,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $24.96, for a total transaction of $17,721,600.00.
• On Friday, May 1st, Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock. The shares were sold at an average price of $28.13, for a total transaction of $3,125,580.56.
• On Friday, May 1st, Richard Todd Schwartz sold 47,223 shares of Rush Street Interactive stock. The stock was 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 shares were sold at an average price of $22.04, for a total value of $1,994,223.28.
• On Monday, March 2nd, Richard Todd Schwartz sold 247,113 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.83, for a total value 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 value of $4,156,457.48.

Rush Street Interactive Stock Down 4.6%

Shares of NYSE RSI traded down $1.34 during mid-day trading on Wednesday, hitting $27.83. 9,694,094 shares of the company traded hands, compared to its average volume of 2,058,207. Rush Street Interactive, Inc. has a 1 year low of $11.50 and a 1 year high of $29.24. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 89.79 and a beta of 1.65. The business has a 50 day moving average of $21.88 and a two-hundred day moving average of $19.52.

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 analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $370.36 million for the quarter, compared to analysts’ expectations of $330.83 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.Rush Street Interactive’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Institutional Trading of Rush Street Interactive

A number of large investors have recently bought and sold shares of RSI. Concord Wealth Partners acquired a new position in Rush Street Interactive during the third quarter worth $41,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the 4th quarter valued at $47,000. Empowered Funds LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth about $55,000. Osaic Holdings Inc. grew its holdings in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Rush Street Interactive during the 2nd quarter worth about $90,000. 24.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RSI. Needham & Company LLC increased their price target on shares of Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Jefferies Financial Group raised their target price on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Oppenheimer increased their target price on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Citigroup restated an “outperform” rating on shares of Rush Street Interactive in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.63.

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.

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.