Rush Street Interactive (NYSE:RSI) CEO Richard Todd Schwartz Sells 106,500 Shares

Key Points

• CEO Richard Todd Schwartz sold 106,500 shares on May 6 at an average of $24.96 (~$2.66M), part of larger May 5–6 sales totaling ~816,500 shares (≈$20.4M).
• Chairman Neil Bluhm also sold 1,371,150 shares (~$34.2M) and selling stockholders launched an underwritten secondary offering of 10,000,000 Class A shares, increasing available supply and putting downward pressure on the stock.
• Despite heavy insider selling and the stock trading down ~4.6% to $27.83 on high volume, Rush Street posted a strong quarter (EPS $0.14 vs $0.12 est; revenue $370.36M, +41.1% YoY), analysts maintain a Moderate Buy consensus (~$28.63 PT) and the board approved a $100 million repurchase program.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 106,500 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total value of $2,658,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, May 5th, Richard Todd Schwartz sold 710,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00.
• On Friday, May 1st, Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.13, for a total value of $3,125,580.56.
• On Friday, May 1st, Richard Todd Schwartz sold 47,223 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.13, for a total transaction of $1,328,382.99.
• On Thursday, April 16th, Richard Todd Schwartz sold 61,765 shares of Rush Street Interactive stock. The stock was sold at an average price of $22.60, for a total transaction of $1,395,889.00.
• On Wednesday, April 1st, Richard Todd Schwartz sold 90,482 shares of Rush Street Interactive stock. The stock was 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 shares were 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 shares were sold at an average price of $16.82, for a total transaction of $4,156,457.48.

Rush Street Interactive Stock Down 4.6%

RSI stock traded down $1.34 during midday trading on Wednesday, reaching $27.83. The company had a trading volume of 9,694,094 shares, compared to its average volume of 2,058,207. The firm has a market capitalization of $6.47 billion, a PE ratio of 89.79 and a beta of 1.65. The stock has a 50 day moving average price of $21.88 and a 200 day moving average price of $19.52. Rush Street Interactive, Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $29.24.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business had revenue of $370.36 million for the quarter, compared to analysts' expectations of $330.83 million. During the same period in the prior year, the firm earned $0.09 EPS. The business's quarterly revenue was up 41.1% on a year-over-year basis. Research analysts predict that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company's stock worth $484,000 after purchasing an additional 1,893 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Rush Street Interactive by 18.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company's stock worth $7,394,000 after buying an additional 109,366 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Rush Street Interactive in the second quarter valued at $166,000. Invesco Ltd. lifted its holdings in shares of Rush Street Interactive by 377.1% in the second quarter. Invesco Ltd. now owns 272,693 shares of the company's stock valued at $4,063,000 after buying an additional 215,538 shares during the period. Finally, First Trust Advisors LP bought a new position in Rush Street Interactive during the second quarter valued at about $3,766,000. Institutional investors own 24.78% of the company's stock.

Wall Street Analysts Forecast Growth

RSI has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Freedom Capital raised shares of Rush Street Interactive to a "strong-buy" rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. upped their target price on shares of Rush Street Interactive from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, April 16th. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $25.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Rush Street Interactive in a report 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 issued a Hold rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.63.

Rush Street Interactive News Summary

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.

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