Rush Street Interactive (NYSE:RSI) CEO Richard Todd Schwartz Sells 111,110 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Schwartz sold 111,110 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $25.69, for a total transaction of $2,854,415.90. Following the sale, the chief executive officer directly owned 421,258 shares in the company, valued at approximately $10,822,118.02. The trade was a 20.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.69, for a total transaction of $1,213,133.18.
• On Monday, August 3rd, Richard Schwartz sold 111,112 shares of Rush Street Interactive stock. The shares were sold at an average price of $28.02, for a total transaction of $3,113,358.24.
• On Monday, August 3rd, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.02, for a total transaction of $1,323,160.44.
• On Wednesday, July 1st, Richard Schwartz sold 111,112 shares of Rush Street Interactive stock. The stock was sold at an average price of $31.21, for a total transaction of $3,467,805.52.
• On Wednesday, July 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The stock was sold at an average price of $31.21, for a total transaction of $1,473,798.62.

Rush Street Interactive Stock Up 1.8%

RSI traded up $0.47 during mid-day trading on Thursday, reaching $26.64. 2,307,014 shares of the company traded hands, compared to its average volume of 2,309,105. The company’s fifty day moving average price is $28.97 and its 200-day moving average price is $25.65. The stock has a market capitalization of $6.17 billion, a P/E ratio of 91.87 and a beta of 1.51. Rush Street Interactive, Inc. has a 52-week low of $15.51 and a 52-week high of $34.53.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The company’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. As a group, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jefferies Financial Group Inc. purchased a new stake in shares of Rush Street Interactive during the fourth quarter worth about $2,053,000. GSA Capital Partners LLP bought a new stake in Rush Street Interactive during the 2nd quarter valued at approximately $1,996,000. Vanguard Group Inc. lifted its holdings in Rush Street Interactive by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after purchasing an additional 227,783 shares in the last quarter. UBS Group AG lifted its holdings in Rush Street Interactive by 4.0% in the 4th quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock worth $20,154,000 after purchasing an additional 40,232 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Rush Street Interactive by 17.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after purchasing an additional 378,002 shares during the period. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on RSI shares. New Street Research set a $35.00 target price on shares of Rush Street Interactive in a report on Thursday, July 23rd. Citizens Jmp boosted their price objective on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and issued a $39.00 price objective on shares of Rush Street Interactive in a research note on Thursday, July 30th. Benchmark raised their target price on Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings cut Rush Street Interactive from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.22.

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.