Rush Street Interactive (NYSE:RSI) CEO Sells $1,994,223.28 in Stock
by Danessa Lincoln · The Markets DailyRush Street Interactive, Inc. (NYSE:RSI – Get Free Report) CEO Richard Todd Schwartz sold 90,482 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $22.04, for a total transaction of $1,994,223.28. Following the completion of the transaction, the chief executive officer owned 435,801 shares in the company, valued at $9,605,054.04. This represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Richard Todd Schwartz also recently made the following trade(s):
- On Monday, March 2nd, Richard Todd Schwartz sold 247,113 shares of Rush Street Interactive stock. The stock was 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 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.
- On Friday, January 9th, Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.22, for a total value of $2,135,572.64.
- On Friday, January 9th, Richard Todd Schwartz sold 47,223 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.22, for a total value of $907,626.06.
Rush Street Interactive Stock Performance
NYSE RSI traded up $0.82 on Thursday, reaching $22.76. 1,848,563 shares of the stock traded hands, compared to its average volume of 2,083,993. Rush Street Interactive, Inc. has a 12 month low of $9.66 and a 12 month high of $22.80. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 81.28 and a beta of 1.45. The company has a fifty day moving average price of $19.16 and a 200-day moving average price of $19.05.
Rush Street Interactive (NYSE:RSI – Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $324.89 million for the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.Rush Street Interactive’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Citigroup raised shares of Rush Street Interactive to an “outperform” rating in a research report on Wednesday, February 18th. Citizens Jmp upgraded shares of Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 18th. Jefferies Financial Group reissued a “buy” rating and set a $29.00 price objective on shares of Rush Street Interactive in a report on Sunday, January 25th. Finally, Benchmark restated a “buy” rating on shares of Rush Street Interactive in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Rush Street Interactive presently has an average rating of “Moderate Buy” and a consensus target price of $23.22.
Get Our Latest Report on Rush Street Interactive
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in RSI. Mercer Global Advisors Inc. ADV purchased a new stake in Rush Street Interactive in the fourth quarter valued at about $197,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Rush Street Interactive by 8.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company’s stock worth $48,913,000 after acquiring an additional 193,110 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter worth about $55,000. Voloridge Investment Management LLC increased its holdings in shares of Rush Street Interactive by 76.9% during the fourth quarter. Voloridge Investment Management LLC now owns 738,840 shares of the company’s stock valued at $14,356,000 after acquiring an additional 321,288 shares in the last quarter. Finally, Polymer Capital Management US LLC increased its holdings in shares of Rush Street Interactive by 45.5% during the fourth quarter. Polymer Capital Management US LLC now owns 64,822 shares of the company’s stock valued at $1,259,000 after acquiring an additional 20,258 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.
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.