Insider Selling: Rush Street Interactive (NYSE:RSI) CEO Sells $2,854,415.90 in Stock

Key Points

• CEO Richard Schwartz sold 111,110 Rush Street Interactive shares for approximately $2.85 million at an average price of $25.69 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 20.87% to 421,258 shares.
• RSI recently reported strong quarterly results, with revenue rising 46.3% year over year to $393.78 million and EPS of $0.15, matching analyst estimates.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $35.22, compared with a recent price of $26.64.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Schwartz sold 111,110 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $25.69, for a total transaction of $2,854,415.90. Following the transaction, the chief executive officer owned 421,258 shares in the company, valued at $10,822,118.02. The trade was a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.69, for a total transaction of $1,213,133.18.
• On Monday, August 3rd, Richard Schwartz sold 111,112 shares of Rush Street Interactive stock. The shares were sold at an average price of $28.02, for a total transaction of $3,113,358.24.
• On Monday, August 3rd, Richard 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 Schwartz sold 111,112 shares of Rush Street Interactive stock. The shares were sold at an average price of $31.21, for a total transaction of $3,467,805.52.
• On Wednesday, July 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The stock was sold at an average price of $31.21, for a total value of $1,473,798.62.

Rush Street Interactive Trading Up 1.8%

RSI stock traded up $0.47 during midday trading on Thursday, hitting $26.64. The company had a trading volume of 2,307,014 shares, compared to its average volume of 2,309,105. Rush Street Interactive, Inc. has a 52 week low of $15.51 and a 52 week high of $34.53. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 91.87 and a beta of 1.51. The stock's 50 day moving average price is $28.97 and its 200 day moving average price is $25.65.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The company had revenue of $393.78 million during the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The firm's revenue was up 46.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Analysts predict that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on RSI shares. Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. New Street Research set a $35.00 price target on shares of Rush Street Interactive in a research report on Thursday, July 23rd. Susquehanna raised their price objective on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock a "positive" rating in a report on Wednesday, July 29th. Wall Street Zen cut Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Rush Street Interactive in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.22.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LP grew its position in Rush Street Interactive by 14.7% during the 2nd quarter. Corient Private Wealth LP now owns 75,364 shares of the company's stock valued at $2,241,000 after purchasing an additional 9,687 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Rush Street Interactive during the second quarter valued at approximately $398,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Rush Street Interactive during the second quarter valued at approximately $381,000. California State Teachers Retirement System raised its holdings in Rush Street Interactive by 2,755.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,692,043 shares of the company's stock worth $109,801,000 after acquiring an additional 3,562,766 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Rush Street Interactive in the 2nd quarter worth approximately $362,000. 24.78% of the stock is 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.

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