Rush Street Interactive (NYSE:RSI) Chairman Neil Bluhm Sells 1,371,150 Shares

Key Points

• Chairman Neil Bluhm sold 1,371,150 shares on May 6 at an average price of $24.96 (~$34.2M) and had also sold 9,141,000 shares on May 5 (~$228.2M); CEO and COO also sold stock and selling stockholders launched a 10,000,000‑share secondary offering, increasing near‑term supply.
• Rush Street reported a strong quarter with $370.36M in revenue (vs. $330.83M est.) and $0.14 EPS (vs. $0.12 est.), and the board approved a $100M share repurchase program with a concurrent repurchase tied to the secondary.
• The stock slid about 4.6% to $27.83 on heavy volume, trades at a market cap of ~$6.47B and a high PE (~89.8), while analysts have lifted targets and the consensus rating is a "Moderate Buy" (average target ~$28.63).

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Chairman Neil Bluhm sold 1,371,150 shares of the company's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $34,223,904.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Neil Bluhm also recently made the following trade(s):

• On Tuesday, May 5th, Neil Bluhm sold 9,141,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $24.96, for a total value of $228,159,360.00.

Rush Street Interactive Trading Down 4.6%

Shares of RSI stock traded down $1.34 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 stock has a market cap of $6.47 billion, a PE ratio of 89.79 and a beta of 1.65. The company has a 50-day moving average of $21.88 and a 200-day moving average of $19.52. 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 released its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive's quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. Sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Trending Headlines about Rush Street Interactive

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.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Oppenheimer upped their price objective on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Wall Street Zen raised Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Jefferies Financial Group raised their price target 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. Susquehanna lifted their price objective on Rush Street Interactive from $25.00 to $29.00 and gave the company a "positive" rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Rush Street Interactive from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. One research 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $28.63.

Institutional Trading of Rush Street Interactive

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

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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