Rush Street Interactive (NYSE:RSI) CEO Sells 111,112 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 111,112 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total transaction of $3,467,805.52. Following the completion of the transaction, the chief executive officer owned 421,258 shares in the company, valued at approximately $13,147,462.18. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Richard Todd Schwartz sold 47,222 shares of Rush Street Interactive stock. The shares were sold at an average price of $31.21, for a total transaction of $1,473,798.62.
• On Monday, June 1st, Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock. The stock was sold at an average price of $25.58, for a total transaction of $2,842,244.96.
• On Monday, June 1st, Richard Todd Schwartz sold 47,222 shares of Rush Street Interactive stock. The stock was sold at an average price of $25.58, for a total transaction of $1,207,938.76.
• 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 Tuesday, May 5th, Richard Todd Schwartz sold 710,000 shares of Rush Street Interactive stock. The shares were 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 stock was 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 shares were sold at an average price of $22.60, for a total value of $1,395,889.00.

Rush Street Interactive Price Performance

NYSE RSI traded up $0.38 during trading hours on Thursday, reaching $31.64. 2,424,284 shares of the stock traded hands, compared to its average volume of 2,253,501. The stock has a 50 day simple moving average of $27.53 and a two-hundred day simple moving average of $22.42. Rush Street Interactive, Inc. has a 1 year low of $14.38 and a 1 year high of $31.85. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 102.07 and a beta of 1.55.

Rush Street Interactive (NYSE:RSI) last announced 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 firm had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The company’s revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS. On average, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently made changes to their positions in RSI. Kemnay Advisory Services Inc. bought a new stake in shares of Rush Street Interactive in the fourth quarter worth approximately $47,000. Empowered Funds LLC bought a new position in Rush Street Interactive during the fourth quarter valued at approximately $55,000. Osaic Holdings Inc. boosted its holdings in Rush Street Interactive by 62.2% in the second 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. Lazard Asset Management LLC purchased a new stake in Rush Street Interactive in the second quarter worth approximately $90,000. Finally, US Bancorp DE bought a new stake in Rush Street Interactive in the 3rd quarter worth approximately $115,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on RSI. Jefferies Financial Group raised their price target on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Benchmark increased their price target on shares of Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer raised their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. 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 report on Wednesday, April 29th. Finally, Freedom Capital upgraded shares of Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

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.