New York State Common Retirement Fund Grows Position in Rush Street Interactive, Inc. (NYSE:RSI)

New York State Common Retirement Fund boosted its stake in Rush Street Interactive, Inc. (NYSE:RSIGet Rating) by 1,327.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 529,686 shares of the company’s stock after buying an additional 492,587 shares during the quarter. New York State Common Retirement Fund owned approximately 0.24% of Rush Street Interactive worth $8,740,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RSI. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Rush Street Interactive by 66.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,264 shares of the company’s stock worth $169,000 after purchasing an additional 4,114 shares during the period. Commonwealth Equity Services LLC increased its stake in Rush Street Interactive by 12.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,020 shares of the company’s stock worth $330,000 after purchasing an additional 2,146 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Rush Street Interactive in the 4th quarter worth approximately $355,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $329,000. Finally, Strs Ohio grew its position in shares of Rush Street Interactive by 16.5% in the 4th quarter. Strs Ohio now owns 14,100 shares of the company’s stock worth $232,000 after buying an additional 2,000 shares during the last quarter. 33.70% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Rush Street Interactive from $16.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, March 3rd. Benchmark dropped their price target on Rush Street Interactive from $27.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 10th. Oppenheimer dropped their price target on Rush Street Interactive from $14.00 to $11.00 in a research note on Thursday, March 3rd. Zacks Investment Research downgraded Rush Street Interactive from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd. Finally, Needham & Company LLC reduced their price target on Rush Street Interactive from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Rush Street Interactive has a consensus rating of “Buy” and a consensus target price of $15.22.

Rush Street Interactive stock opened at $6.22 on Friday. Rush Street Interactive, Inc. has a twelve month low of $6.08 and a twelve month high of $21.83. The stock’s fifty day simple moving average is $8.23 and its 200-day simple moving average is $13.40. The firm has a market capitalization of $1.37 billion, a P/E ratio of -12.44 and a beta of 2.03.

Rush Street Interactive (NYSE:RSIGet Rating) last released its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Rush Street Interactive had a negative net margin of 3.99% and a negative return on equity of 9.74%. The company had revenue of $130.57 million during the quarter, compared to analyst estimates of $136.90 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The business’s revenue was up 30.5% on a year-over-year basis. On average, equities research analysts expect that Rush Street Interactive, Inc. will post -0.67 EPS for the current year.

Rush Street Interactive Profile (Get Rating)

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States and 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.

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Institutional Ownership by Quarter for Rush Street Interactive (NYSE:RSI)

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