Key Points
- Rocket Companies director Matthew Rizik sold 2,500 shares on December 12 at $18.99 for $47,475 and has executed multiple similar sales in November–December totaling 17,500 shares for about $325,650.
- After the December 12 sale he still directly owns 1,086,036 shares (approximately $20.62M), and that single transaction represented a 0.23% reduction in his ownership.
- RKT opened at $18.70 (down ~3.4%); the stock has a consensus analyst rating of Hold with a $18.18 target, a 12‑month range of $10.06–$22.56, and a market cap of about $39.35 billion.
Rocket Companies, Inc. (NYSE:RKT - Get Free Report) Director Matthew Rizik sold 2,500 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $18.99, for a total value of $47,475.00. Following the transaction, the director directly owned 1,086,036 shares of the company's stock, valued at approximately $20,623,823.64. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Matthew Rizik also recently made the following trade(s):
- On Wednesday, December 10th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.17, for a total value of $47,925.00.
- On Monday, December 8th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $18.78, for a total value of $46,950.00.
- On Thursday, December 4th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.86, for a total transaction of $49,650.00.
- On Tuesday, November 25th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were 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 transaction 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 Down 3.4%
Shares of NYSE RKT opened at $18.70 on Friday. The firm's 50-day moving average price is $17.61 and its 200-day moving average price is $16.83. The company has a current ratio of 19.68, a quick ratio of 19.68 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $39.35 billion, a price-to-earnings ratio of 233.73 and a beta of 2.26. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $22.56.
Rocket Companies (NYSE:RKT - Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business posted $0.08 earnings per share. The firm's revenue was up 148.1% on a year-over-year basis. On average, equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.
Analyst Ratings Changes
RKT has been the topic of several recent research reports. Zacks Research upgraded Rocket Companies from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 14th. Royal Bank Of Canada boosted their price objective on shares of Rocket Companies from $17.00 to $20.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Rocket Companies from $16.00 to $18.00 and gave the stock an "equal weight" rating in a report on Monday, September 29th. BTIG Research reaffirmed a "buy" rating and set a $25.00 price target on shares of Rocket Companies in a research note on Wednesday, November 19th. Finally, Wells Fargo & Company upped their price target on shares of Rocket Companies from $15.00 to $17.00 and gave the company an "equal weight" rating in a report on Wednesday, November 5th. 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.18.
Read Our Latest Analysis on RKT
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its holdings in Rocket Companies by 18.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,890 shares of the company's stock valued at $55,000 after buying an additional 605 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Rocket Companies by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,817 shares of the company's stock valued at $365,000 after acquiring an additional 636 shares in the last quarter. Miller Wealth Advisors LLC boosted its holdings in shares of 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 during the period. Parallel Advisors LLC boosted its holdings in shares of Rocket Companies by 26.1% in the third quarter. Parallel Advisors LLC now owns 3,267 shares of the company's stock valued at $63,000 after purchasing an additional 677 shares during the period. Finally, Amundi grew its stake in Rocket Companies by 2.3% in the second quarter. Amundi now owns 34,170 shares of the company's stock worth $498,000 after purchasing an additional 754 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors.
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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