Rocket Companies, Inc. (NYSE:RKT – Get Rating) Director Matthew Rizik purchased 3,200 shares of the company’s stock in a transaction dated Friday, October 14th. The shares were acquired at an average price of $6.76 per share, for a total transaction of $21,632.00. Following the purchase, the director now directly owns 425,602 shares in the company, valued at $2,877,069.52. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Matthew Rizik also recently made the following trade(s):
- On Wednesday, October 12th, Matthew Rizik purchased 3,300 shares of Rocket Companies stock. The shares were acquired at an average price of $6.67 per share, for a total transaction of $22,011.00.
- On Monday, October 10th, Matthew Rizik purchased 3,200 shares of Rocket Companies stock. The shares were acquired at an average price of $6.69 per share, for a total transaction of $21,408.00.
- On Friday, October 7th, Matthew Rizik purchased 3,300 shares of Rocket Companies stock. The shares were acquired at an average price of $6.57 per share, for a total transaction of $21,681.00.
- On Wednesday, October 5th, Matthew Rizik purchased 3,100 shares of Rocket Companies stock. The shares were acquired at an average price of $6.92 per share, for a total transaction of $21,452.00.
- On Monday, October 3rd, Matthew Rizik purchased 3,300 shares of Rocket Companies stock. The shares were acquired at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price of $7.55 per share, for a total transaction of $21,895.00.
Rocket Companies Price Performance
Shares of Rocket Companies stock traded down $0.10 during trading hours on Friday, reaching $6.67. The company’s stock had a trading volume of 3,041,982 shares, compared to its average volume of 4,329,380. The firm has a 50 day moving average price of $8.12 and a 200-day moving average price of $8.60. Rocket Companies, Inc. has a one year low of $6.23 and a one year high of $18.13. The company has a debt-to-equity ratio of 1.46, a current ratio of 14.97 and a quick ratio of 14.97. The stock has a market cap of $13.14 billion, a P/E ratio of 5.27, a P/E/G ratio of 51.77 and a beta of 1.74.
Rocket Companies (NYSE:RKT – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter. Rocket Companies had a return on equity of 19.79% and a net margin of 1.85%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was down 47.8% on a year-over-year basis. On average, analysts predict that Rocket Companies, Inc. will post 0.03 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Rocket Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $11.00 to $8.50 in a research note on Tuesday, September 6th. The Goldman Sachs Group decreased their price target on shares of Rocket Companies from $8.25 to $7.25 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Piper Sandler decreased their price target on shares of Rocket Companies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, September 30th. Barclays decreased their price target on shares of Rocket Companies to $7.00 in a research note on Tuesday, August 9th. Finally, Keefe, Bruyette & Woods cut shares of Rocket Companies from a “market perform” rating to an “underperform” rating and set a $6.50 price target on the stock. in a research note on Sunday, August 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.69.
Hedge Funds Weigh In On Rocket Companies
Several hedge funds have recently added to or reduced their stakes in RKT. Wealthcare Advisory Partners LLC bought a new position in Rocket Companies during the 1st quarter valued at about $156,000. Chiron Capital Management LLC bought a new position in Rocket Companies during the 1st quarter valued at about $177,000. Polianta Ltd grew its holdings in Rocket Companies by 9.0% during the 1st quarter. Polianta Ltd now owns 89,200 shares of the company’s stock valued at $991,000 after purchasing an additional 7,400 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Rocket Companies during the 1st quarter valued at about $512,000. Finally, New York State Teachers Retirement System grew its holdings in Rocket Companies by 126.9% during the 1st quarter. New York State Teachers Retirement System now owns 11,800 shares of the company’s stock valued at $131,000 after purchasing an additional 6,600 shares during the last quarter. 4.16% of the stock is currently owned by institutional investors.
About Rocket Companies
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 Buys $21,632.00 in Stock