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 firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the completion of the transaction, the chief executive officer owned 421,258 shares in the company, valued at $11,803,649.16. The trade was 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Richard Todd 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 Todd 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 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 shares were 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 shares were sold at an average price of $25.58, for a total value of $1,207,938.76.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock traded down $2.38 during trading on Wednesday, reaching $26.01. The company’s stock had a trading volume of 4,530,348 shares, compared to its average volume of 2,343,023. The business’s fifty day moving average price is $29.93 and its 200-day moving average price is $24.50. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 89.68 and a beta of 1.59. Rush Street Interactive, Inc. has a one year low of $15.51 and a one year high of $34.53.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The business had revenue of $393.78 million during the quarter, compared to analysts’ expectations of $367.75 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The firm’s revenue was up 46.3% compared to the same quarter last year. Sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RSI shares. JPMorgan Chase & Co. raised their price objective on shares of Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. Oppenheimer increased their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Citizens Jmp raised their price target on shares of Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.22.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in shares of Rush Street Interactive in the fourth quarter valued at $47,000. CoreCap Advisors LLC bought a new position in Rush Street Interactive in the second quarter worth $54,000. Empowered Funds LLC acquired a new stake in Rush Street Interactive during the fourth quarter worth $55,000. Osaic Holdings Inc. boosted its stake in Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter valued at $90,000. 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.