Richard Todd Schwartz Sells 61,765 Shares of Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 61,765 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $22.60, for a total transaction of $1,395,889.00. Following the completion of the sale, the chief executive officer directly owned 374,036 shares in the company, valued at approximately $8,453,213.60. The trade was a 14.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, April 1st, Richard Todd Schwartz sold 90,482 shares of Rush Street Interactive stock. The shares were sold at an average price of $22.04, for a total transaction of $1,994,223.28.
• On Monday, March 2nd, Richard Todd Schwartz sold 247,113 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.83, for a total transaction of $4,900,250.79.
• 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 transaction of $4,156,457.48.
• On Wednesday, February 4th, Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock. The stock was sold at an average price of $17.61, for a total transaction of $4,351,677.54.

Rush Street Interactive Stock Up 1.1%

Shares of Rush Street Interactive stock opened at $22.93 on Friday. The stock has a market capitalization of $5.33 billion, a P/E ratio of 81.89 and a beta of 1.45. The company has a 50-day simple moving average of $20.33 and a 200 day simple moving average of $19.10. Rush Street Interactive, Inc. has a 12-month low of $11.12 and a 12-month high of $23.41.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data 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 company had revenue of $324.89 million during the quarter, compared to analyst estimates of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. On average, equities analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently modified their holdings of the business. Man Group plc grew its position in shares of Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after buying an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Rush Street Interactive by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock worth $398,000 after buying an additional 752 shares during the period. Cerity Partners LLC grew its position in shares of Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock worth $460,000 after buying an additional 1,042 shares during the period. New York State Teachers Retirement System grew its position in shares of Rush Street Interactive by 15.6% during the 3rd quarter. New York State Teachers Retirement System now owns 8,022 shares of the company’s stock worth $164,000 after buying an additional 1,084 shares during the period. Finally, Diversified Trust Co grew its position in shares of Rush Street Interactive by 5.8% during the 3rd quarter. Diversified Trust Co now owns 27,049 shares of the company’s stock worth $554,000 after buying an additional 1,474 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RSI shares. JPMorgan Chase & Co. raised their price objective on shares of Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Oppenheimer raised their price objective on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Citigroup upgraded shares of Rush Street Interactive to an “outperform” rating in a research report on Wednesday, February 18th. Finally, Benchmark restated a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.67.

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.