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 business’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 transaction of $17,721,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 transaction of $2,658,240.00.
• 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 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 shares were 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 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 shares were sold at an average price of $16.82, for a total transaction of $4,156,457.48.

Rush Street Interactive Trading Down 0.4%

Shares of NYSE:RSI opened at $27.78 on Friday. The company has a 50 day moving average of $22.25 and a 200 day moving average of $19.65. The stock has a market cap of $6.45 billion, a P/E ratio of 89.60 and a beta of 1.65. Rush Street Interactive, Inc. has a 12 month low of $11.50 and a 12 month high of $29.24.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $370.36 million during the quarter, compared to analysts’ expectations of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. On average, equities analysts forecast that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RSI. Jefferies Financial Group lifted their target price on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer lifted their target price on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Susquehanna lifted their target price on shares of 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, Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a research report 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 issued a Hold rating to the company. According to data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.63.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Rush Street Interactive by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 826,277 shares of the company’s stock worth $17,965,000 after acquiring an additional 48,101 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Rush Street Interactive by 3.1% in the 1st quarter. Swiss National Bank now owns 193,800 shares of the company’s stock worth $4,215,000 after acquiring an additional 5,900 shares during the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Rush Street Interactive in the 1st quarter worth approximately $272,000. Assetmark Inc. bought a new stake in shares of Rush Street Interactive in the 1st quarter worth approximately $282,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Rush Street Interactive by 11.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,332 shares of the company’s stock worth $644,000 after acquiring an additional 3,070 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors.

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.