New York State Common Retirement Fund Has $2.44 Million Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

New York State Common Retirement Fund lifted its position in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 732.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,627 shares of the company’s stock after purchasing an additional 156,282 shares during the period. New York State Common Retirement Fund owned 0.08% of Rush Street Interactive worth $2,437,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RSI. Creative Planning acquired a new position in shares of Rush Street Interactive during the 3rd quarter worth about $180,000. New York State Teachers Retirement System increased its stake in shares of Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Rush Street Interactive by 656.2% during the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after buying an additional 67,388 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Rush Street Interactive by 7.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after buying an additional 1,745 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Rush Street Interactive during the 3rd quarter worth about $1,795,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rush Street Interactive

In other news, insider Einar Roosileht sold 48,968 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total transaction of $687,510.72. Following the completion of the sale, the insider now owns 830,292 shares of the company’s stock, valued at approximately $11,657,299.68. This represents a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Todd Schwartz sold 149,605 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $14.61, for a total transaction of $2,185,729.05. Following the sale, the chief executive officer now directly owns 2,151,648 shares of the company’s stock, valued at approximately $31,435,577.28. This trade represents a 6.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 825,853 shares of company stock valued at $11,655,336. Company insiders own 56.89% of the company’s stock.

Rush Street Interactive Stock Up 3.5 %

NYSE RSI opened at $11.66 on Friday. The company has a market capitalization of $2.63 billion, a P/E ratio of -583.00 and a beta of 1.88. Rush Street Interactive, Inc. has a 12-month low of $5.22 and a 12-month high of $16.78. The firm has a 50-day moving average price of $14.35 and a two-hundred day moving average price of $12.29.

Analyst Ratings Changes

RSI has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a report on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Benchmark lifted their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday. Finally, Macquarie reissued an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Thursday. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive has an average rating of “Buy” and a consensus price target of $15.50.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.