Key Points
- Director Matthew Rizik sold 2,500 RKT shares on Nov. 13 at an average price of $17.47 for $43,675, leaving him with 1,025,684 shares (a 0.24% ownership decline) as disclosed in an SEC filing.
- Recent results: Rocket Companies reported Q3 EPS of $0.07 (in line with estimates) and revenue of $1.78 billion (up 148.1% YoY and beating estimates), but the company still posted a negative net margin of 1.77%.
- Market snapshot: RKT opened at $16.41 with a 12‑month range of $10.06–$22.56, a market cap of $34.54 billion and a high P/E of 205.16; analysts have a consensus rating of Hold and a $18.18 price target.
Rocket Companies, Inc. (NYSE:RKT - Get Free Report) Director Matthew Rizik sold 2,500 shares of the firm's stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $17.47, for a total value of $43,675.00. Following the completion of the sale, the director owned 1,025,684 shares of the company's stock, valued at approximately $17,918,699.48. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Rocket Companies Stock Down 3.7%
Shares of NYSE RKT opened at $16.41 on Tuesday. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $22.56. The firm's 50-day simple moving average is $18.09 and its 200 day simple moving average is $16.02. The company has a quick ratio of 19.68, a current ratio of 19.68 and a debt-to-equity ratio of 2.16. The company has a market cap of $34.54 billion, a price-to-earnings ratio of 205.16 and a beta of 2.21.
Rocket Companies (NYSE:RKT - Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $0.08 earnings per share. The company's revenue was up 148.1% on a year-over-year basis. Rocket Companies has set its Q4 2025 guidance at EPS. On average, research analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have issued reports on RKT shares. Zacks Research raised Rocket Companies from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 14th. Barclays set a $19.00 target price on Rocket Companies and gave the stock a "cautious" rating in a research report on Monday, October 6th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $22.00 price target (up previously from $16.00) on shares of Rocket Companies in a report on Wednesday, October 29th. UBS Group set a $17.00 price objective on Rocket Companies and gave the stock a "neutral" rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rocket Companies in a research note on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Rocket Companies presently has a consensus rating of "Hold" and a consensus price target of $18.18.
Check Out Our Latest Stock Analysis on Rocket Companies
Hedge Funds Weigh In On Rocket Companies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RKT. Cloud Capital Management LLC acquired a new position in shares of Rocket Companies during the 3rd quarter worth about $25,000. North Capital Inc. grew its holdings in Rocket Companies by 287.2% during the second quarter. North Capital Inc. now owns 1,820 shares of the company's stock valued at $26,000 after purchasing an additional 1,350 shares during the period. SouthState Corp grew its holdings in Rocket Companies by 2,044.8% during the second quarter. SouthState Corp now owns 2,059 shares of the company's stock valued at $29,000 after purchasing an additional 1,963 shares during the period. Miller Wealth Advisors LLC increased its stake in Rocket Companies by 65.0% in the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company's stock valued at $32,000 after purchasing an additional 650 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in Rocket Companies in the third quarter worth $38,000. Institutional investors own 4.59% of the company's stock.
About Rocket Companies
(
Get Free Report)
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; and Rocket Loans, an online-based personal loans business.
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