Rocket Companies, Inc. (NYSE:RKT – Get Rating) Director Matthew Rizik purchased 3,400 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was bought at an average cost of $6.30 per share, for a total transaction of $21,420.00. Following the acquisition, the director now directly owns 445,102 shares in the company, valued at approximately $2,804,142.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Matthew Rizik also recently made the following trade(s):
- On Wednesday, October 26th, Matthew Rizik bought 3,200 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.80 per share, with a total value of $21,760.00.
- On Friday, October 21st, Matthew Rizik purchased 3,500 shares of Rocket Companies stock. The shares were purchased at an average cost of $6.23 per share, for a total transaction of $21,805.00.
- On Wednesday, October 19th, Matthew Rizik acquired 3,200 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.70 per share, with a total value of $21,440.00.
- On Monday, October 17th, Matthew Rizik acquired 3,000 shares of Rocket Companies stock. The shares were acquired at an average cost of $7.01 per share, for a total transaction of $21,030.00.
- On Friday, October 14th, Matthew Rizik bought 3,200 shares of Rocket Companies stock. The stock was acquired at an average price of $6.76 per share, with a total value of $21,632.00.
- 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 acquired 3,200 shares of Rocket Companies stock. The stock was acquired at an average price of $6.69 per share, with a total value of $21,408.00.
- On Friday, October 7th, Matthew Rizik bought 3,300 shares of Rocket Companies stock. The shares were bought 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 stock was bought at an average price of $6.92 per share, with a total value of $21,452.00.
- On Monday, October 3rd, Matthew Rizik acquired 3,300 shares of Rocket Companies stock. The shares were bought at an average cost of $6.51 per share, for a total transaction of $21,483.00.
Rocket Companies Trading Down 6.3 %
Shares of RKT stock traded down $0.43 on Wednesday, hitting $6.40. 4,481,141 shares of the company’s stock traded hands, compared to its average volume of 4,311,261. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 5.00, a P/E/G ratio of 105.33 and a beta of 1.67. The company’s fifty day simple moving average is $7.53 and its 200 day simple moving average is $8.33. Rocket Companies, Inc. has a one year low of $5.97 and a one year high of $18.13. The company has a debt-to-equity ratio of 1.46, a quick ratio of 14.97 and a current ratio of 14.97.
Rocket Companies (NYSE:RKT – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.05) EPS for the quarter. Rocket Companies had a return on equity of 19.79% and a net margin of 1.85%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The firm’s quarterly revenue was down 47.8% on a year-over-year basis. Equities analysts forecast that Rocket Companies, Inc. will post 0.01 EPS for the current year.
Institutional Trading of Rocket Companies
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in Rocket Companies by 1,683.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 40,903 shares of the company’s stock valued at $258,000 after buying an additional 38,610 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in shares of Rocket Companies during the third quarter valued at about $63,000. Raymond James & Associates grew its stake in shares of Rocket Companies by 20.9% in the third quarter. Raymond James & Associates now owns 35,264 shares of the company’s stock worth $223,000 after purchasing an additional 6,091 shares during the last quarter. Polianta Ltd purchased a new position in Rocket Companies during the 3rd quarter valued at about $587,000. Finally, Greylin Investment Mangement Inc. bought a new position in Rocket Companies during the 3rd quarter valued at approximately $263,000. Institutional investors own 4.16% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on RKT shares. Barclays decreased their price target on Rocket Companies from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Monday, October 17th. Citigroup upped their target price on shares of Rocket Companies to $10.00 in a report on Tuesday, August 9th. Wells Fargo & Company raised shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and set a $10.00 price target for the company in a report on Wednesday, July 6th. JPMorgan Chase & Co. decreased their price target on shares of Rocket Companies from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, October 18th. Finally, Piper Sandler lowered their price objective on Rocket Companies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Rocket Companies presently has a consensus rating of “Hold” and an average price target of $8.48.
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 Acquires $21,420.00 in Stock