Key Points
- Matthew Rizik, a Rocket Companies director, sold 2,500 shares on December 8 at an average price of $18.78 for $46,950, leaving him with 1,096,036 shares (a 0.23% reduction in his position).
- The December sale is part of a string of recent disposals—identical 2,500‑share sales on Nov 13, Nov 17, Nov 25 and Dec 4—indicating recurring insider selling.
- For context, RKT shares opened around $18.98, trade in a 52‑week range of $10.06–$22.56 with a $39.94 billion market cap, and the consensus analyst rating is a Hold with an average target of $18.18.
Rocket Companies, Inc. (NYSE:RKT - Get Free Report) Director Matthew Rizik sold 2,500 shares of the company's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $18.78, for a total value of $46,950.00. Following the sale, the director owned 1,096,036 shares in the company, valued at $20,583,556.08. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Matthew Rizik also recently made the following trade(s):
- On Thursday, December 4th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.86, for a total value of $49,650.00.
- 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 transaction 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 Stock Performance
Shares of RKT opened at $18.98 on Wednesday. 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 firm has a 50-day moving average price of $17.59 and a 200 day moving average price of $16.75. Rocket Companies, Inc. has a 52-week low of $10.06 and a 52-week high of $22.56. The firm has a market capitalization of $39.94 billion, a PE ratio of 237.23 and a beta of 2.26.
Rocket Companies (NYSE:RKT - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.65 billion. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The business's revenue for the quarter was up 148.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. On average, sell-side analysts anticipate that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.
Institutional Trading of Rocket Companies
Large investors have recently added to or reduced their stakes in the business. Lincoln Capital Corp boosted its position in shares of Rocket Companies by 304.1% in the second quarter. Lincoln Capital Corp now owns 270,614 shares of the company's stock valued at $3,837,000 after acquiring an additional 203,639 shares during the period. Woodline Partners LP acquired a new position in Rocket Companies during the 1st quarter valued at $5,381,000. Allspring Global Investments Holdings LLC bought a new stake in Rocket Companies in the 2nd quarter valued at $44,102,000. Charles Schwab Investment Management Inc. grew its position in Rocket Companies by 8.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,266,399 shares of the company's stock worth $15,285,000 after purchasing an additional 103,156 shares during the last quarter. Finally, MFG Wealth Management Inc. increased its holdings in shares of Rocket Companies by 37.6% during the 2nd quarter. MFG Wealth Management Inc. now owns 177,762 shares of the company's stock worth $2,521,000 after purchasing an additional 48,560 shares during the period. 4.59% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on RKT. BTIG Research reissued a "buy" rating and set a $25.00 target price on shares of Rocket Companies in a research note on Wednesday, November 19th. Royal Bank Of Canada lifted their target price on Rocket Companies from $17.00 to $20.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of Rocket Companies from $15.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 5th. Barclays set a $19.00 price objective on shares of Rocket Companies and gave the company a "cautious" rating in a research note on Monday, October 6th. Finally, Bank of America upgraded shares of Rocket Companies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $21.00 to $24.00 in a report on Wednesday, September 10th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.18.
Read 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.
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