New York State Teachers Retirement System Has $75,000 Stock Position in Rush Street Interactive, Inc. (NYSE:RSI)

New York State Teachers Retirement System increased its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,938 shares of the company’s stock after buying an additional 1,020 shares during the quarter. New York State Teachers Retirement System’s holdings in Rush Street Interactive were worth $75,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RSI. Driehaus Capital Management LLC acquired a new position in Rush Street Interactive during the second quarter worth approximately $10,605,000. Assenagon Asset Management S.A. boosted its stake in shares of Rush Street Interactive by 157.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock worth $13,666,000 after acquiring an additional 872,367 shares during the period. Marshall Wace LLP increased its holdings in shares of Rush Street Interactive by 185.5% during the 2nd quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock worth $9,416,000 after acquiring an additional 637,883 shares during the last quarter. Millennium Management LLC raised its stake in Rush Street Interactive by 378.4% in the 2nd quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after acquiring an additional 490,831 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Rush Street Interactive by 47.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock valued at $14,425,000 after acquiring an additional 482,872 shares during the period. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Stock Up 0.8 %

RSI stock opened at $10.90 on Monday. The company’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $9.53. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $11.59. The firm has a market cap of $2.46 billion, a P/E ratio of -545.00 and a beta of 1.78.

Insider Activity at Rush Street Interactive

In related news, insider Einar Roosileht sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $9.09, for a total transaction of $1,363,500.00. Following the completion of the transaction, the insider now directly owns 809,260 shares in the company, valued at $7,356,173.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 56.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on RSI. Needham & Company LLC increased their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their target price on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer boosted their price target on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Craig Hallum increased their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and a consensus target price of $12.43.

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.