Rush Street Interactive (NYSE:RSI) CEO Sells $1,395,889.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 61,765 shares of Rush Street Interactive stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $22.60, for a total transaction of $1,395,889.00. Following the sale, the chief executive officer owned 374,036 shares in the company, valued at approximately $8,453,213.60. This trade represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a 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 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 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.
• 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 transaction of $4,351,677.54.

Rush Street Interactive Trading Up 1.1%

RSI stock traded up $0.26 during trading on Friday, hitting $22.93. 2,119,494 shares of the stock traded hands, compared to its average volume of 1,968,296. Rush Street Interactive, Inc. has a one year low of $11.12 and a one year high of $23.41. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 81.89 and a beta of 1.45. The company has a 50 day simple moving average of $20.23 and a 200 day simple moving average of $19.11.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business had revenue of $324.89 million for the quarter, compared to the consensus estimate of $305.08 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. As a group, analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on RSI. Jefferies Financial Group reaffirmed a “buy” rating and set a $29.00 price target on shares of Rush Street Interactive in a report on Sunday, January 25th. Wells Fargo & Company began coverage on Rush Street Interactive in a report on Thursday, March 26th. They set an “overweight” rating and a $26.00 price target for the company. Citizens Jmp raised their price target on Rush Street Interactive from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, April 8th. Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rush Street Interactive by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after buying an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Rush Street Interactive by 18.8% during the first 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 during the last quarter. Prudential Financial Inc. bought a new stake in shares of Rush Street Interactive during the second quarter worth approximately $166,000. Invesco Ltd. raised its stake in shares of Rush Street Interactive by 377.1% during the second quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock worth $4,063,000 after buying an additional 215,538 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Rush Street Interactive during the second quarter worth approximately $3,766,000. 24.78% of the stock is 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.