Teacher Retirement System of Texas Sells 14,181 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Teacher Retirement System of Texas cut its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 14.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,637 shares of the company’s stock after selling 14,181 shares during the quarter. Teacher Retirement System of Texas’ holdings in Rush Street Interactive were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $21,635,000. Jupiter Asset Management Ltd. boosted its position in Rush Street Interactive by 38.0% during the 4th quarter. Jupiter Asset Management Ltd. now owns 884,913 shares of the company’s stock valued at $12,141,000 after buying an additional 243,562 shares during the period. Globeflex Capital L P purchased a new position in shares of Rush Street Interactive in the fourth quarter valued at about $2,787,000. JPMorgan Chase & Co. increased its position in shares of Rush Street Interactive by 155.6% in the third quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company’s stock valued at $2,880,000 after acquiring an additional 161,568 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Rush Street Interactive by 732.2% in the fourth quarter. New York State Common Retirement Fund now owns 177,627 shares of the company’s stock valued at $2,437,000 after acquiring an additional 156,282 shares during the period. 24.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Rush Street Interactive news, insider Einar Roosileht sold 48,968 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total value of $687,510.72. Following the sale, the insider now directly owns 830,292 shares of the company’s stock, valued at approximately $11,657,299.68. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard Todd Schwartz sold 4,419 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $13.75, for a total value of $60,761.25. Following the transaction, the chief executive officer now owns 2,392,587 shares of the company’s stock, valued at $32,898,071.25. The trade was a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 988,545 shares of company stock worth $13,174,489. 56.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RSI has been the topic of several recent analyst reports. Macquarie reissued an “outperform” rating and issued a $16.00 target price on shares of Rush Street Interactive in a research note on Thursday, February 27th. Susquehanna upgraded Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Wells Fargo & Company upped their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. Finally, Benchmark upped their price objective on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $15.50.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock opened at $10.80 on Friday. Rush Street Interactive, Inc. has a 1 year low of $5.71 and a 1 year high of $16.78. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -539.80 and a beta of 1.92. The company has a 50-day moving average of $13.01 and a 200 day moving average of $12.51.

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.