Insider Selling: Rush Street Interactive (NYSE:RSI) COO Sells 74,500 Shares of Stock

Key Points

• COO Mattias Stetz sold 74,500 shares on May 5 at an average price of $24.96 for about $1.86M, reducing his stake by 23.85% to 237,874 shares.
• Large insider dispositions—including Chairman Neil Bluhm (~1.37M shares) and CEO Richard Schwartz (~816.5K shares)—and a proposed 10,000,000‑share secondary offering have increased supply and pressured the stock despite a concurrent $100M repurchase program.
• Fundamentals were solid: Rush Street Interactive beat Q2 estimates with EPS of $0.14 and revenue up 41.1%, prompting multiple analyst price‑target raises and a consensus rating of “Moderate Buy” (avg. target $28.63).

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 74,500 shares of the firm's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total transaction of $1,859,520.00. Following the completion of the transaction, the chief operating officer directly owned 237,874 shares of the company's stock, valued at approximately $5,937,335.04. This represents a 23.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Mattias Stetz also recently made the following trade(s):

• On Wednesday, May 6th, Mattias Stetz sold 11,175 shares of Rush Street Interactive stock. The shares were sold at an average price of $24.96, for a total transaction of $278,928.00.
• On Friday, May 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.09, for a total value of $561,800.00.
• On Wednesday, April 29th, Mattias Stetz sold 50,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $27.44, for a total value of $1,372,000.00.
• On Monday, April 27th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $24.06, for a total value of $481,200.00.
• On Wednesday, April 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $22.07, for a total value of $441,400.00.
• On Tuesday, March 24th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $22.02, for a total value of $440,400.00.
• On Wednesday, March 4th, Mattias Stetz sold 11,892 shares of Rush Street Interactive stock. The stock was sold at an average price of $20.22, for a total value of $240,456.24.
• On Wednesday, March 4th, Mattias Stetz sold 3,398 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.22, for a total value of $68,707.56.
• On Tuesday, March 3rd, Mattias Stetz sold 29,725 shares of Rush Street Interactive stock. The stock was sold at an average price of $20.07, for a total transaction of $596,580.75.
• On Tuesday, March 3rd, Mattias Stetz sold 8,493 shares of Rush Street Interactive stock. The stock was sold at an average price of $20.07, for a total transaction of $170,454.51.

Rush Street Interactive Trading Down 4.6%

Shares of RSI stock traded down $1.34 during trading hours on Wednesday, hitting $27.83. The company's stock had a trading volume of 9,694,094 shares, compared to its average volume of 2,058,207. The company has a 50 day moving average of $21.88 and a 200 day moving average of $19.52. The stock has a market cap of $6.47 billion, a PE ratio of 89.79 and a beta of 1.65. Rush Street Interactive, Inc. has a 12-month low of $11.50 and a 12-month high of $29.24.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $370.36 million during the quarter, compared to analysts' expectations of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm's revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. As a group, analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RSI. Oppenheimer boosted their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Susquehanna lifted their price target on Rush Street Interactive from $25.00 to $29.00 and gave the company a "positive" rating in a research report on Wednesday, April 29th. Jefferies Financial Group upped their price objective on Rush Street Interactive from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $25.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Finally, Benchmark boosted their target price on shares of Rush Street Interactive from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.63.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Rush Street Interactive in the 3rd quarter valued at about $4,232,000. Vanguard Group Inc. increased its stake in Rush Street Interactive by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,822,279 shares of the company's stock worth $180,680,000 after buying an additional 107,671 shares in the last quarter. Emerald Advisers LLC raised its holdings in shares of Rush Street Interactive by 12.6% during the third quarter. Emerald Advisers LLC now owns 1,341,739 shares of the company's stock valued at $27,479,000 after acquiring an additional 149,918 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Rush Street Interactive by 11.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 825,244 shares of the company's stock valued at $16,901,000 after acquiring an additional 82,055 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Rush Street Interactive in the third quarter valued at approximately $1,012,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Rush Street Interactive News Roundup

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Board approves $100 million share repurchase program and the company announced a concurrent repurchase alongside the secondary offering — this reduces net float pressure and signals capital return. Read More.
• Neutral Sentiment: CFO Kyle Sauers sold 23,000 shares under a pre‑arranged Rule 10b5‑1 trading plan (avg $28.39) — a planned sale that is less informative about management’s private view of the stock. Read More.
• Negative Sentiment: Selling stockholders (trusts beneficially owned by Chairman Neil Bluhm, CEO Richard Schwartz and COO Mattias Stetz) launched an underwritten secondary offering of 10,000,000 Class A shares — this increases available supply and created selling pressure. Read More.
• Negative Sentiment: Chairman Neil Bluhm sold 1,371,150 shares at ~$24.96 (~$34.2M) in filings — large insider disposition from an insider trust likely amplified downward price movement. Read More.
• Negative Sentiment: CEO Richard Todd Schwartz sold 816,500 shares across May 5–6 at ~$24.96 (totaling ~ $20.4M) — significant insider sales from the CEO increase perception of near‑term supply. Read More.
• Negative Sentiment: COO Mattias Stetz sold ~85,675 shares across May 5–6 at ~$24.96 (~$2.14M) reducing his stake materially — more insider selling from senior management. Read More.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.