Rush Street Interactive (NYSE:RSI) CEO Sells $4,900,250.79 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 247,113 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $19.83, for a total value of $4,900,250.79. Following the completion of the transaction, the chief executive officer directly owned 454,821 shares in the company, valued at $9,019,100.43. This trade represents a 35.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, February 17th, Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock. The stock was sold at an average price of $16.82, for a total value of $4,156,457.48.
• 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 value of $4,351,677.54.
• On Friday, January 9th, Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock. The shares were 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 stock was sold at an average price of $18.82, for a total value 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 0.0%

Shares of NYSE:RSI opened at $20.87 on Friday. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 74.54 and a beta of 1.54. The company has a 50 day moving average of $18.50 and a two-hundred day moving average of $19.08. Rush Street Interactive, Inc. has a 52-week low of $9.54 and a 52-week high of $22.65.

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

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new stake in Rush Street Interactive in the fourth quarter valued at about $197,000. Fuller & Thaler Asset Management Inc. lifted its holdings in Rush Street Interactive by 8.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company’s stock worth $48,913,000 after buying an additional 193,110 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $55,000. Voloridge Investment Management LLC grew its position in shares of Rush Street Interactive by 76.9% in the 4th quarter. Voloridge Investment Management LLC now owns 738,840 shares of the company’s stock worth $14,356,000 after acquiring an additional 321,288 shares in the last quarter. Finally, Polymer Capital Management US LLC increased its holdings in shares of Rush Street Interactive by 45.5% in the 4th quarter. Polymer Capital Management US LLC now owns 64,822 shares of the company’s stock valued at $1,259,000 after acquiring an additional 20,258 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a report on Wednesday, February 18th. Susquehanna set a $22.00 price objective on Rush Street Interactive in a research note on Wednesday, January 21st. Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.88.

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.