Rush Street Interactive (NYSE:RSI) CEO Richard Todd Schwartz Sells 710,000 Shares

Key Points

• CEO Richard Todd Schwartz sold 710,000 shares on May 5 at an average price of $24.96 for about $17.72M, part of roughly 816,500 shares sold across May 5–6 totaling ~ $20.4M in insider dispositions.
• Selling stockholders launched an underwritten secondary offering of 10,000,000 Class A shares while the board simultaneously approved a $100M share repurchase, and Chairman Neil Bluhm sold ~1,371,150 shares (~$34.2M), increasing near‑term supply pressure despite the buyback.
• Rush Street Interactive reported a strong quarter — $0.14 EPS vs $0.12 expected and revenue of $370.4M (up 41% YoY) — prompting analyst price‑target upgrades and a consensus "Moderate Buy" with an average target of $28.63.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 710,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total transaction of $17,721,600.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 6th, Richard Todd Schwartz sold 106,500 shares of Rush Street Interactive stock. The stock was sold at an average price of $24.96, for a total transaction of $2,658,240.00.
• 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 transaction of $3,125,580.56.
• 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 transaction 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 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 value 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 value of $4,156,457.48.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI traded down $1.34 during midday trading on Wednesday, reaching $27.83. 9,694,094 shares of the company's stock traded hands, compared to its average volume of 2,058,207. Rush Street Interactive, Inc. has a one year low of $11.50 and a one year high of $29.24. The stock has a 50 day moving average of $21.88 and a 200 day moving average of $19.52. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 89.79 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted 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. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The business had revenue of $370.36 million for the quarter, compared to analysts' expectations of $330.83 million. During the same quarter in the prior year, the business earned $0.09 EPS. The business's revenue for the quarter was up 41.1% compared to the same quarter last year. Sell-side analysts predict that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RSI. Jefferies Financial Group increased their price target on Rush Street Interactive from $30.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Wells Fargo & Company boosted their price target on Rush Street Interactive from $26.00 to $29.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Wall Street Zen raised shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Susquehanna increased their target price on Rush Street Interactive from $25.00 to $29.00 and gave the stock a "positive" rating in a research report on Wednesday, April 29th. Finally, Citizens Jmp lifted their price target on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company a "market outperform" rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RSI. Concord Wealth Partners bought a new position in shares of Rush Street Interactive during the 3rd quarter valued at approximately $41,000. Kemnay Advisory Services Inc. purchased a new stake in Rush Street Interactive during the fourth quarter valued at $47,000. Empowered Funds LLC bought a new position in Rush Street Interactive during the fourth quarter valued at $55,000. Osaic Holdings Inc. lifted its position in Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company's stock valued at $73,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Rush Street Interactive in the 2nd quarter worth $90,000. 24.78% of the stock is currently owned by institutional investors.

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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