New York State Common Retirement Fund Cuts Stock Holdings in Rush Street Interactive, Inc. $RSI

New York State Common Retirement Fund reduced its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 24.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 692,919 shares of the company’s stock after selling 223,643 shares during the quarter. New York State Common Retirement Fund owned about 0.30% of Rush Street Interactive worth $14,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Marshall Wace LLP grew its stake in Rush Street Interactive by 100.9% in the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock worth $35,353,000 after buying an additional 1,191,546 shares in the last quarter. 1060 Capital LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth $11,222,000. Balyasny Asset Management L.P. grew its position in Rush Street Interactive by 50.2% in the second quarter. Balyasny Asset Management L.P. now owns 1,401,836 shares of the company’s stock worth $20,887,000 after acquiring an additional 468,649 shares in the last quarter. Emerald Advisers LLC increased its stake in Rush Street Interactive by 57.3% in the second quarter. Emerald Advisers LLC now owns 1,191,821 shares of the company’s stock valued at $17,758,000 after acquiring an additional 434,344 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Rush Street Interactive by 38.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock valued at $21,509,000 after purchasing an additional 398,089 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RSI has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Rush Street Interactive from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Zacks Research lowered Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and set a $29.00 price target on shares of Rush Street Interactive in a research report on Sunday, January 25th. Susquehanna set a $22.00 price target on Rush Street Interactive in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.38.

Rush Street Interactive Stock Up 1.2%

Rush Street Interactive stock opened at $17.88 on Tuesday. Rush Street Interactive, Inc. has a twelve month low of $9.54 and a twelve month high of $22.65. The company has a market capitalization of $4.10 billion, a P/E ratio of 71.52 and a beta of 1.57. The stock’s 50 day moving average is $18.79 and its 200 day moving average is $18.98.

Insider Buying and Selling at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction on Friday, January 9th. The stock was sold at an average price of $19.22, for a total value of $2,135,572.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kyle Sauers sold 160,067 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.07, for a total value of $3,052,477.69. Following the sale, the chief financial officer owned 663,306 shares of the company’s stock, valued at approximately $12,649,245.42. This represents a 19.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 846,212 shares of company stock worth $15,729,048. 56.94% of the stock is owned by corporate insiders.

Rush Street Interactive Profile

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.