Richard Todd Schwartz Sells 111,112 Shares of Rush Street Interactive (NYSE:RSI) Stock

Key Points

• CEO sale: Richard Todd Schwartz sold 111,112 shares on May 1 at an average of $28.13 for about $3.13M, cutting his direct stake to 421,259 shares (a 20.87% decline) per an SEC filing.
• Strong quarter and guidance: Rush Street Interactive beat Q1 estimates ($0.14 EPS vs $0.12; ~$370M revenue vs $330.8M expected), raised 2026 revenue/adjusted EBITDA outlook, and drew analyst upgrades that helped lift the stock.
• Insider context: several recent insider sales were executed under pre‑arranged Rule 10b5‑1 plans, which reduces the informational signal even as insider ownership has fallen; institutional investors still own about 24.8% of the stock.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 111,112 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $28.13, for a total value of $3,125,580.56. Following the completion of the transaction, the chief executive officer directly owned 421,259 shares of the company's stock, valued at approximately $11,850,015.67. This represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 1st, Richard Todd Schwartz sold 47,223 shares of Rush Street Interactive stock. The shares were sold at an average price of $28.13, for a total value of $1,328,382.99.
• On Thursday, April 16th, Richard Todd Schwartz sold 61,765 shares of Rush Street Interactive stock. The shares were sold at an average price of $22.60, for a total value of $1,395,889.00.
• 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 value of $1,994,223.28.
• On Monday, March 2nd, Richard Todd Schwartz sold 247,113 shares of Rush Street Interactive stock. The shares were sold at an average price of $19.83, for a total value of $4,900,250.79.
• On Tuesday, February 17th, Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock. The shares were 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.

Rush Street Interactive Trading Up 0.9%

NYSE:RSI traded up $0.25 during trading hours on Friday, hitting $28.35. The company had a trading volume of 2,110,974 shares, compared to its average volume of 1,974,183. The company has a 50-day moving average of $21.67 and a 200 day moving average of $19.46. The company has a market cap of $6.59 billion, a P/E ratio of 91.44 and a beta of 1.45. Rush Street Interactive, Inc. has a 1 year low of $11.23 and a 1 year high of $29.00.

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, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $370.36 million during the quarter, compared to analysts' expectations of $330.83 million. Rush Street Interactive had a return on equity of 17.86% and a net margin of 2.98%.The firm's quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. On average, analysts forecast that Rush Street Interactive, Inc. will post 0.43 earnings per share for the current year.

Key Stories Impacting Rush Street Interactive

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

• Positive Sentiment: Q1 beat and operating momentum — RSI reported $0.14 EPS (vs. $0.12 est.) and revenue of ~$370M (well above consensus), with record net income and adjusted EBITDA cited on the call; the results underpin the recent rally. Rush Street rallies to an all-time high after strong earnings
• Positive Sentiment: Raise to full‑year outlook — management raised 2026 revenue and adjusted EBITDA guidance and provided a $1.49B–$1.54B revenue range for 2026 while flagging product/market expansion (Alberta launch), giving clearer growth visibility. Rush Street Interactive forecasts 2026 revenue
• Positive Sentiment: Analyst response and investor confidence — sell‑side firms raised price targets and issued upgrades after the quarter, supporting momentum and helping drive higher forward expectations. Earnings call highlights & analyst reaction
• Neutral Sentiment: Insider sales under 10b5‑1 plans — multiple insiders (COO Mattias Stetz, Director Judith Gold, and Paul Wierbicki) sold blocks April 27–29; filings show the trades were executed via pre‑arranged plans, which reduces the informational signal but does lower insider ownership. Paul Wierbicki sells 45,000 shares Mattias Stetz sells 50,000 shares
• Neutral Sentiment: New regulatory risk disclosure flagged — a TipRanks note highlights an added Regulation‑category risk; investors should read the disclosure but it appears to be a filing/clarification rather than new operational news. Risk disclosure note

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Rush Street Interactive from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, April 16th. Needham & Company LLC increased their price target on Rush Street Interactive from $25.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup reiterated an "outperform" rating on shares of Rush Street Interactive in a report on Wednesday. Wall Street Zen cut Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 21st. Finally, Susquehanna increased their price target on Rush Street Interactive from $25.00 to $29.00 and gave the stock a "positive" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.22.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Rush Street Interactive by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company's stock valued at $175,843,000 after acquiring an additional 227,783 shares during the period. Alliancebernstein L.P. boosted its holdings in Rush Street Interactive by 1.3% during the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company's stock valued at $92,592,000 after acquiring an additional 80,471 shares during the period. Ameriprise Financial Inc. boosted its holdings in Rush Street Interactive by 763.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company's stock valued at $57,815,000 after acquiring an additional 2,496,109 shares during the period. William Blair Investment Management LLC boosted its holdings in Rush Street Interactive by 17.3% during the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company's stock valued at $49,698,000 after acquiring an additional 378,002 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted 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 valued at $48,913,000 after acquiring an additional 193,110 shares during the period. 24.78% of the stock is currently owned by hedge funds and other 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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