Key Points
- Matthew Rizik, a Rocket Companies director, sold 2,500 shares on December 26 at an average price of $19.38 for $48,450, leaving him with 1,063,536 shares valued at about $20.61 million (a 0.23% reduction in his position).
- Rizik has been disposing of stock repeatedly, selling a total of 27,500 shares across 11 transactions from November 17 through December 26, with the trades disclosed via SEC filings.
- For context, RKT has a market capitalization of about $40.8 billion, a P/E of 242.6, a one‑year range of $10.06–$22.56, and an average analyst rating of Hold with a $19.32 target.
Rocket Companies, Inc. (NYSE:RKT - Get Free Report) Director Matthew Rizik sold 2,500 shares of the stock in a transaction on Friday, December 26th. The shares were sold at an average price of $19.38, for a total value of $48,450.00. Following the sale, the director owned 1,063,536 shares of the company's stock, valued at $20,611,327.68. This trade represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Matthew Rizik also recently made the following trade(s):
- On Wednesday, December 24th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.44, for a total value of $48,600.00.
- On Monday, December 22nd, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $18.99, for a total value of $47,475.00.
- On Friday, December 19th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was 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 shares were sold at an average price of $18.21, for a total transaction 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 transaction 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 transaction 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 transaction of $46,950.00.
- 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 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 value of $41,750.00.
Rocket Companies Stock Performance
Shares of RKT stock opened at $19.40 on Tuesday. The company has a market capitalization of $40.83 billion, a price-to-earnings ratio of 242.57 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 current ratio of 19.68, a quick ratio of 19.68 and a debt-to-equity ratio of 2.16. The stock's fifty day simple moving average is $18.12 and its 200-day simple moving average is $17.35.
Rocket Companies (NYSE:RKT - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.07 EPS for the quarter, hitting analysts' consensus estimates of $0.07. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company posted $0.08 EPS. The business's quarterly revenue was up 148.1% compared to the same quarter last year. On average, sell-side analysts predict that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on RKT. The Goldman Sachs Group reissued a "neutral" rating and set a $22.00 target price (up previously from $16.00) on shares of Rocket Companies in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rocket Companies in a research report on Monday, October 13th. Wall Street Zen lowered Rocket Companies from a "hold" rating to a "sell" rating in a research report on Saturday, November 8th. Jefferies Financial Group started coverage on Rocket Companies in a report on Friday, December 19th. They set a "buy" rating and a $25.00 price target for the company. Finally, BTIG Research restated a "buy" rating and issued a $25.00 price objective on shares of Rocket Companies in a report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.32.
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. Cloud Capital Management LLC acquired a new stake in Rocket Companies in the 3rd quarter worth approximately $25,000. North Capital Inc. raised 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 valued at $26,000 after purchasing an additional 1,350 shares during the period. SouthState Corp lifted its stake in shares of Rocket Companies by 2,044.8% in the second quarter. SouthState Corp now owns 2,059 shares of the company's stock worth $29,000 after buying an additional 1,963 shares during the last quarter. Miller Wealth Advisors LLC boosted its holdings in shares of Rocket Companies by 65.0% during the 3rd 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. Finally, Geneos Wealth Management Inc. acquired a new position in Rocket Companies in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 4.59% of the company's stock.
About Rocket Companies
(
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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