New York State Teachers Retirement System Buys 1,020 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

New York State Teachers Retirement System lifted its stake in shares of 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 SEC. The institutional investor owned 6,938 shares of the company’s stock after acquiring 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 filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Rush Street Interactive by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock worth $35,683,000 after buying an additional 85,736 shares during the last quarter. SG Americas Securities LLC acquired a new position in Rush Street Interactive during the 2nd quarter worth $1,565,000. Acadian Asset Management LLC acquired a new position in Rush Street Interactive during the 2nd quarter worth $587,000. Driehaus Capital Management LLC bought a new stake in Rush Street Interactive during the second quarter valued at about $10,605,000. Finally, Millennium Management LLC grew its position in shares of Rush Street Interactive by 378.4% in the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after purchasing an additional 490,831 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Price Performance

Rush Street Interactive stock opened at $10.90 on Monday. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $11.59. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -545.00 and a beta of 1.78. The company’s 50 day simple moving average is $10.44 and its 200 day simple moving average is $9.53.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RSI. Craig Hallum boosted their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer increased their target price on shares of Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Needham & Company LLC boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price target on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price objective on 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.43.

Insider Activity

In related news, insider Einar Roosileht sold 150,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 809,260 shares in the company, valued at $7,356,173.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 56.89% of the stock is currently owned by company insiders.

Rush Street Interactive 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.