Rocket Companies, Inc. (NYSE:RKT – Get Rating) Director Matthew Rizik acquired 2,800 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was acquired at an average cost of $7.61 per share, for a total transaction of $21,308.00. Following the completion of the purchase, the director now owns 563,602 shares in the company, valued at approximately $4,289,011.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Matthew Rizik also recently made the following trade(s):
- On Monday, December 19th, Matthew Rizik acquired 2,700 shares of Rocket Companies stock. The stock was acquired at an average cost of $7.94 per share, for a total transaction of $21,438.00.
- On Thursday, December 15th, Matthew Rizik bought 2,700 shares of Rocket Companies stock. The stock was purchased at an average price of $8.00 per share, for a total transaction of $21,600.00.
- On Thursday, December 8th, Matthew Rizik bought 2,600 shares of Rocket Companies stock. The stock was purchased at an average price of $8.46 per share, for a total transaction of $21,996.00.
- On Monday, December 5th, Matthew Rizik bought 2,500 shares of Rocket Companies stock. The stock was purchased at an average price of $8.54 per share, for a total transaction of $21,350.00.
- On Friday, December 2nd, Matthew Rizik bought 2,600 shares of Rocket Companies stock. The stock was purchased at an average price of $8.33 per share, for a total transaction of $21,658.00.
- On Wednesday, November 30th, Matthew Rizik bought 2,700 shares of Rocket Companies stock. The stock was purchased at an average price of $7.89 per share, for a total transaction of $21,303.00.
- On Monday, November 28th, Matthew Rizik bought 2,900 shares of Rocket Companies stock. The stock was purchased at an average price of $7.56 per share, for a total transaction of $21,924.00.
- On Friday, November 25th, Matthew Rizik bought 2,800 shares of Rocket Companies stock. The stock was purchased at an average price of $7.71 per share, for a total transaction of $21,588.00.
- On Thursday, November 17th, Matthew Rizik bought 2,900 shares of Rocket Companies stock. The stock was purchased at an average price of $7.48 per share, for a total transaction of $21,692.00.
- On Tuesday, November 15th, Matthew Rizik acquired 2,600 shares of Rocket Companies stock. The shares were bought at an average price of $8.49 per share, for a total transaction of $22,074.00.
Rocket Companies Trading Down 1.4 %
NYSE RKT traded down $0.11 during mid-day trading on Wednesday, hitting $7.54. The company’s stock had a trading volume of 3,139,269 shares, compared to its average volume of 4,150,470. Rocket Companies, Inc. has a 52-week low of $5.97 and a 52-week high of $15.38. The stock’s fifty day simple moving average is $7.40 and its two-hundred day simple moving average is $7.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 11.69 and a quick ratio of 11.69. The firm has a market capitalization of $14.86 billion, a P/E ratio of 9.67 and a beta of 1.84.
Rocket Companies (NYSE:RKT – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Rocket Companies had a net margin of 1.41% and a return on equity of 5.21%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.09 billion. Research analysts expect that Rocket Companies, Inc. will post -0.17 EPS for the current year.
Institutional Trading of Rocket Companies
Several large investors have recently bought and sold shares of RKT. Castle Wealth Management LLC acquired a new stake in Rocket Companies in the second quarter valued at approximately $25,000. FMR LLC grew its position in Rocket Companies by 134.7% in the second quarter. FMR LLC now owns 3,598 shares of the company’s stock valued at $26,000 after acquiring an additional 2,065 shares in the last quarter. Boston Partners acquired a new stake in Rocket Companies in the third quarter valued at approximately $28,000. Captrust Financial Advisors grew its position in Rocket Companies by 178.2% in the second quarter. Captrust Financial Advisors now owns 4,451 shares of the company’s stock valued at $33,000 after acquiring an additional 2,851 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Rocket Companies in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 4.16% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on RKT. Morgan Stanley cut their price objective on shares of Rocket Companies from $7.00 to $6.50 and set an “equal weight” rating on the stock in a report on Friday, November 4th. UBS Group set a $8.00 price objective on shares of Rocket Companies in a report on Wednesday, November 23rd. Piper Sandler cut their price objective on shares of Rocket Companies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, September 30th. Wells Fargo & Company increased their price objective on shares of Rocket Companies from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, December 6th. Finally, Credit Suisse Group cut their price objective on shares of Rocket Companies to $7.00 in a report on Tuesday, November 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.88.
About Rocket Companies
Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business.
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