Key Points
- Director Matthew Rizik sold 2,500 shares on December 4 at an average price of $19.86 for $49,650, leaving him with 990,684 shares (a 0.25% ownership decrease valued at about $19.67M).
- Rizik has made multiple recent disposals — 2,500 shares on Nov 13, Nov 17, Nov 25 and Dec 4 — totaling 10,000 shares, indicating a pattern of ongoing insider selling.
- Rocket Companies (RKT) trades near $18.79 with a 12‑month range of $10.06–$22.56, has a market cap of $39.54 billion, and carries a consensus analyst rating of Hold with a $18.18 average price target.
Rocket Companies, Inc. (NYSE:RKT - Get Free Report) Director Matthew Rizik sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $19.86, for a total value of $49,650.00. Following the completion of the transaction, the director directly owned 990,684 shares of the company's stock, valued at $19,674,984.24. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Matthew Rizik also recently made the following trade(s):
- On Tuesday, November 25th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.29, for a total value of $48,225.00.
- On Monday, November 17th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $16.70, for a total value of $41,750.00.
- On Thursday, November 13th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $17.47, for a total transaction of $43,675.00.
Rocket Companies Price Performance
NYSE RKT opened at $18.79 on Tuesday. Rocket Companies, Inc. has a 12 month low of $10.06 and a 12 month high of $22.56. The firm has a market capitalization of $39.54 billion, a PE ratio of 234.89 and a beta of 2.26. The company's 50 day simple moving average is $17.60 and its 200 day simple moving average is $16.71. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 19.68.
Rocket Companies (NYSE:RKT - Get Free Report) last released 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. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.65 billion. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The firm's revenue for the quarter was up 148.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. As a group, equities research analysts forecast that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.
Institutional Trading of Rocket Companies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ValueAct Holdings L.P. increased its position in Rocket Companies by 67.9% in the 3rd quarter. ValueAct Holdings L.P. now owns 25,395,627 shares of the company's stock valued at $492,167,000 after acquiring an additional 10,270,018 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Rocket Companies by 29.5% during the 3rd quarter. Vanguard Group Inc. now owns 22,945,500 shares of the company's stock worth $444,684,000 after purchasing an additional 5,226,931 shares in the last quarter. Boston Partners raised its stake in Rocket Companies by 6.2% in the second quarter. Boston Partners now owns 14,560,706 shares of the company's stock valued at $206,610,000 after buying an additional 856,367 shares during the period. Durable Capital Partners LP acquired a new position in shares of Rocket Companies in the third quarter valued at approximately $213,010,000. Finally, Nuveen LLC bought a new position in Rocket Companies during the 1st quarter worth $96,470,000. Institutional investors own 4.59% of the company's stock.
Analyst Upgrades and Downgrades
RKT has been the subject of several research reports. UBS Group set a $17.00 target price on Rocket Companies and gave the company a "neutral" rating in a research note on Friday, October 10th. The Goldman Sachs Group reissued a "neutral" rating and issued a $22.00 price target (up from $16.00) on shares of Rocket Companies in a report on Wednesday, October 29th. Oppenheimer started coverage on shares of Rocket Companies in a research note on Thursday, November 13th. They issued an "outperform" rating and a $25.00 price objective on the stock. Royal Bank Of Canada upped their price target on Rocket Companies from $17.00 to $20.00 and gave the company a "sector perform" rating in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Rocket Companies from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.18.
View Our Latest Stock Report on Rocket Companies
Rocket Companies Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
