Richard Todd Schwartz Sells 247,114 Shares of Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 247,114 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $16.82, for a total value of $4,156,457.48. Following the completion of the sale, the chief executive officer directly owned 701,934 shares of the company’s stock, valued at approximately $11,806,529.88. The trade was a 26.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, February 4th, Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock. The shares were sold at an average price of $17.61, for a total transaction of $4,351,677.54.
• On Friday, January 9th, Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.22, for a total value of $2,135,572.64.
• On Friday, January 9th, Richard Todd Schwartz sold 47,223 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.22, for a total value of $907,626.06.
• On Tuesday, December 9th, Richard Todd Schwartz sold 59,757 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.82, for a total transaction of $1,124,626.74.
• On Monday, December 8th, Richard Todd Schwartz sold 134,148 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.37, for a total transaction of $2,464,298.76.

Rush Street Interactive Stock Down 0.8%

RSI stock opened at $18.52 on Friday. The firm has a market capitalization of $4.25 billion, a PE ratio of 66.13 and a beta of 1.54. Rush Street Interactive, Inc. has a twelve month low of $9.54 and a twelve month high of $22.65. The stock’s 50 day moving average is $18.42 and its 200-day moving average is $19.04.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $324.89 million for the quarter, compared to analysts’ expectations of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. On average, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $29.00 price target on shares of Rush Street Interactive in a report on Sunday, January 25th. Oppenheimer raised their target price on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday. Susquehanna set a $22.00 target price on shares of Rush Street Interactive in a research report on Wednesday, January 21st. Craig Hallum reissued a “buy” rating on shares of Rush Street Interactive in a report on Tuesday, December 9th. Finally, Zacks Research cut shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after purchasing an additional 2,496,109 shares during the last quarter. Marshall Wace LLP lifted its holdings in Rush Street Interactive by 100.9% in the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock worth $35,353,000 after buying an additional 1,191,546 shares during the period. Two Sigma Investments LP grew its position in shares of Rush Street Interactive by 247.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock worth $27,229,000 after buying an additional 946,673 shares during the last quarter. 1060 Capital LLC purchased a new position in shares of Rush Street Interactive during the second quarter valued at approximately $11,222,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Rush Street Interactive by 47.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock valued at $43,562,000 after acquiring an additional 683,486 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

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.