Key Points
- Director Matthew Rizik sold 2,500 shares on December 22 at an average price of $18.99 for $47,475 and now owns 1,071,036 shares, a 0.23% reduction in his stake.
- Rizik has repeatedly sold 2,500‑share blocks across November–December (10 transactions total), disposing of about 25,000 shares for roughly $466,700, signaling a pattern of ongoing insider selling.
- Rocket Companies (RKT) trades near $19 with a market cap of $40.14B; analysts have a consensus "Hold" and $19.32 target after the company reported revenue up 148% year‑over‑year and EPS in line with estimates.
Rocket Companies, Inc. (NYSE:RKT - Get Free Report) Director Matthew Rizik sold 2,500 shares of the business's stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $18.99, for a total value of $47,475.00. Following the completion of the transaction, the director owned 1,071,036 shares of the company's stock, valued at $20,338,973.64. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Matthew Rizik also recently made the following trade(s):
- On Friday, December 19th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.21, for a total value of $48,025.00.
- On Wednesday, December 17th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $18.21, for a total value of $45,525.00.
- On Friday, December 12th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $18.99, for a total value of $47,475.00.
- On Wednesday, December 10th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were 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 stock was sold at an average price of $18.78, for a total transaction 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 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 transaction of $41,750.00.
- On Thursday, November 13th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $17.47, for a total value of $43,675.00.
Rocket Companies Stock Performance
NYSE RKT opened at $19.08 on Wednesday. The business's 50-day simple moving average is $17.91 and its 200-day simple moving average is $17.18. The firm has a market capitalization of $40.14 billion, a P/E ratio of 238.47 and a beta of 2.26. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $22.56. 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 quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 earned $0.08 earnings per share. Rocket Companies's revenue for the quarter was up 148.1% on a year-over-year basis. Equities analysts predict that Rocket Companies, Inc. will post 0.15 EPS for the current year.
Institutional Investors Weigh In On Rocket Companies
Several institutional investors and hedge funds have recently bought and sold shares of RKT. Cloud Capital Management LLC acquired a new stake in shares of Rocket Companies in the third quarter valued at $25,000. 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 worth $32,000 after buying an additional 650 shares during the period. North Capital Inc. increased its position in shares of Rocket Companies by 287.2% in the second quarter. North Capital Inc. now owns 1,820 shares of the company's stock worth $26,000 after acquiring an additional 1,350 shares in the last quarter. Private Capital Management LLC acquired a new stake in shares of Rocket Companies during the third quarter valued at approximately $182,000. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of Rocket Companies by 875.0% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,950 shares of the company's stock valued at $38,000 after acquiring an additional 1,750 shares in the last quarter. Institutional investors and hedge funds own 4.59% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on RKT. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Rocket Companies in a research report on Monday. Zacks Research raised Rocket Companies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 14th. Bank of America raised shares of Rocket Companies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $21.00 to $24.00 in a research report on Wednesday, September 10th. Wall Street Zen cut shares of Rocket Companies from a "hold" rating to a "sell" rating in a research report on Saturday, November 8th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $22.00 price target (up from $16.00) on shares of Rocket Companies in a report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.32.
View Our Latest Stock Report on RKT
Rocket Companies Company Profile
(
Get Free Report)
Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.
The company's core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.
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