Key Points
- Director Matthew Rizik sold 2,500 RKT shares on Dec. 29 at $19.25 for $48,125, part of 11 insider sales since Nov. 25 totaling 27,500 shares.
- After the Dec. 29 transaction he still directly owns 1,061,036 shares (about $20.42M), a 0.24% reduction in his position.
- Rocket Companies trades near $19.37 with a 12‑month range of $10.06–$22.56, and analysts have an average target of $19.32 with a consensus rating of "Hold."
Rocket Companies, Inc. (NYSE:RKT - Get Free Report) Director Matthew Rizik sold 2,500 shares of Rocket Companies stock in a transaction on Monday, December 29th. The stock was sold at an average price of $19.25, for a total transaction of $48,125.00. Following the sale, the director directly owned 1,061,036 shares in the company, valued at approximately $20,424,943. This trade represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Matthew Rizik also recently made the following trade(s):
- On Friday, December 26th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.38, for a total transaction of $48,450.00.
- On Wednesday, December 24th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.44, for a total transaction 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 transaction 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 value of $45,525.00.
- On Friday, December 12th, 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 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 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 shares were sold at an average price of $19.29, for a total transaction of $48,225.00.
Rocket Companies Price Performance
Rocket Companies stock opened at $19.37 on Thursday. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $22.56. The stock has a market cap of $40.76 billion, a P/E ratio of 242.16 and a beta of 2.26. The company has a 50-day moving average price of $18.22 and a 200 day moving average price of $17.40. The company has a current ratio of 19.68, a quick ratio of 19.68 and a debt-to-equity ratio of 2.16.
Rocket Companies (NYSE:RKT - Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting 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 for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $0.08 EPS. Rocket Companies's revenue was up 148.1% on a year-over-year basis. Sell-side analysts anticipate that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have commented on RKT. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rocket Companies in a research report on Monday, October 13th. Bank of America raised shares of Rocket Companies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $21.00 to $24.00 in a research note on Wednesday, September 10th. Royal Bank Of Canada boosted their price target on shares of Rocket Companies from $17.00 to $20.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 8th. UBS Group set a $17.00 target price on shares of Rocket Companies and gave the company a "neutral" rating in a report on Friday, October 10th. Finally, Morgan Stanley boosted their target price on Rocket Companies from $16.00 to $18.00 and gave the company an "equal weight" rating in a research report on Monday, September 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 MarketBeat, Rocket Companies has an average rating of "Hold" and an average target price of $19.32.
Get Our Latest Research Report on RKT
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in Rocket Companies by 18.4% in 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Rocket Companies by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,817 shares of the company's stock worth $365,000 after purchasing an additional 636 shares in the last quarter. Miller Wealth Advisors LLC grew its stake in 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 purchasing an additional 650 shares in the last quarter. Parallel Advisors LLC increased its holdings in Rocket Companies by 26.1% during the 3rd quarter. Parallel Advisors LLC now owns 3,267 shares of the company's stock worth $63,000 after purchasing an additional 677 shares during the period. Finally, Amundi raised its position in Rocket Companies by 2.3% in the 2nd quarter. Amundi now owns 34,170 shares of the company's stock valued at $498,000 after purchasing an additional 754 shares in the last quarter. 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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