Rocket Companies, Inc. (NYSE:RKT – Get Rating) Director Matthew Rizik acquired 3,300 shares of Rocket Companies stock in a transaction that occurred on Friday, October 7th. The stock was acquired at an average price of $6.57 per share, with a total value of $21,681.00. Following the completion of the acquisition, the director now directly owns 409,902 shares in the company, valued at approximately $2,693,056.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Matthew Rizik also recently made the following trade(s):
- On Wednesday, October 5th, Matthew Rizik acquired 3,100 shares of Rocket Companies stock. The stock was acquired at an average price of $6.92 per share, with a total value of $21,452.00.
- On Monday, October 3rd, Matthew Rizik bought 3,300 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.51 per share, for a total transaction of $21,483.00.
- On Friday, September 30th, Matthew Rizik bought 3,400 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.35 per share, for a total transaction of $21,590.00.
- On Wednesday, September 28th, Matthew Rizik bought 3,200 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.65 per share, for a total transaction of $21,280.00.
- On Monday, September 26th, Matthew Rizik bought 3,100 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.94 per share, for a total transaction of $21,514.00.
- On Friday, September 23rd, Matthew Rizik bought 3,100 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.92 per share, for a total transaction of $21,452.00.
- On Wednesday, September 21st, Matthew Rizik bought 2,900 shares of Rocket Companies stock. The stock was purchased at an average cost of $7.55 per share, for a total transaction of $21,895.00.
- On Monday, September 19th, Matthew Rizik bought 2,800 shares of Rocket Companies stock. The stock was purchased at an average cost of $7.63 per share, for a total transaction of $21,364.00.
- On Friday, September 16th, Matthew Rizik acquired 2,900 shares of Rocket Companies stock. The shares were bought at an average cost of $7.42 per share, for a total transaction of $21,518.00.
- On Wednesday, September 14th, Matthew Rizik acquired 2,900 shares of Rocket Companies stock. The shares were bought at an average cost of $7.55 per share, for a total transaction of $21,895.00.
Rocket Companies Trading Down 4.3 %
Shares of NYSE RKT traded down $0.30 during trading hours on Friday, hitting $6.69. 3,944,030 shares of the company traded hands, compared to its average volume of 4,369,192. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 54.23 and a beta of 1.74. The company has a current ratio of 14.97, a quick ratio of 14.97 and a debt-to-equity ratio of 1.46. The company’s 50 day moving average price is $8.44 and its 200 day moving average price is $8.73. Rocket Companies, Inc. has a 12 month low of $6.23 and a 12 month high of $18.13.
Rocket Companies (NYSE:RKT – Get Rating) last released its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. Rocket Companies had a net margin of 1.85% and a return on equity of 19.79%. The business’s revenue for the quarter was down 47.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities research analysts anticipate that Rocket Companies, Inc. will post 0.03 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Rocket Companies
A number of large investors have recently bought and sold shares of the business. Sage Private Wealth Group LLC boosted its holdings in Rocket Companies by 11.4% during the 2nd quarter. Sage Private Wealth Group LLC now owns 10,188 shares of the company’s stock valued at $75,000 after acquiring an additional 1,041 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Rocket Companies by 16.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,037 shares of the company’s stock valued at $67,000 after acquiring an additional 1,244 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Rocket Companies by 7.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,689 shares of the company’s stock valued at $197,000 after acquiring an additional 1,250 shares during the period. Bank of Nova Scotia boosted its holdings in Rocket Companies by 3.3% during the 1st quarter. Bank of Nova Scotia now owns 61,090 shares of the company’s stock valued at $679,000 after acquiring an additional 1,953 shares during the period. Finally, FMR LLC boosted its holdings in Rocket Companies by 134.7% during the 2nd quarter. FMR LLC now owns 3,598 shares of the company’s stock valued at $26,000 after acquiring an additional 2,065 shares during the period. Hedge funds and other institutional investors own 4.16% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Rocket Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $11.00 to $8.50 in a research note on Tuesday, September 6th. The Goldman Sachs Group reduced their price objective on Rocket Companies from $8.25 to $7.25 and set a “neutral” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods downgraded Rocket Companies from a “market perform” rating to an “underperform” rating and set a $6.50 price objective on the stock. in a research note on Sunday, August 7th. Barclays reduced their price objective on Rocket Companies to $7.00 in a research note on Tuesday, August 9th. Finally, Piper Sandler reduced their price objective on Rocket Companies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.69.
Rocket Companies Company Profile
Rocket Companies, Inc engages in the tech-driven real estate, mortgage, and e-Commerce businesses 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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Read More: Rocket Companies, Inc. (NYSE:RKT) Director Purchases $21,681.00 in Stock