Matthew Rizik buys 2,400 shares of Rocket Companies, Inc. (NYSE: RKT)

0

Rocket Companies, Inc. (NYSE: RKTGet a rating) Director Matthew Rizik acquired 2,400 shares of Rocket Companies in a transaction on Friday, July 15. The shares were purchased at an average price of $8.91 per share, for a total transaction of $21,384.00. Following the completion of the purchase, the director now directly owns 257,502 shares of the company, valued at $2,294,342.82. The transaction was disclosed in an SEC filing, available at the SEC website.

Matthew Rizik also recently made the following trade(s):

  • On Wednesday, July 13, Matthew Rizik acquired 2,500 shares of Rocket Companies. The shares were purchased at an average price of $8.65 per share, for a total transaction of $21,625.00.
  • On Monday, July 11, Matthew Rizik acquired 2,500 shares of Rocket Companies. The shares were purchased at an average price of $8.64 per share, for a total transaction of $21,600.00.
  • On Thursday, July 7, Matthew Rizik acquired 2,500 shares of Rocket Companies. The shares were purchased at an average price of $8.66 per share, for a total transaction of $21,650.00.
  • On Tuesday, July 5, Matthew Rizik acquired 2,700 shares of Rocket Companies. The shares were purchased at an average price of $7.86 per share, for a total transaction of $21,222.00.
  • On Friday, July 1, Matthew Rizik purchased 2,800 shares of Rocket Companies. The stock was purchased at an average price of $7.62 per share, for a total transaction of $21,336.00.
  • On Wednesday, June 29, Matthew Rizik purchased 2,900 shares of Rocket Companies. The stock was purchased at an average price of $7.22 per share, for a total transaction of $20,938.00.
  • On Monday, June 27, Matthew Rizik purchased 2,800 shares of Rocket Companies. The stock was purchased at an average price of $7.73 per share, for a total transaction of $21,644.00.
  • On Thursday, June 23, Matthew Rizik purchased 3,000 shares of Rocket Companies. The stock was purchased at an average price of $7.16 per share, for a total transaction of $21,480.00.
  • On Tuesday, June 21, Matthew Rizik purchased 3,200 shares of Rocket Companies. The stock was purchased at an average price of $6.73 per share, for a total transaction of $21,536.00.
  • On Friday, June 17, Matthew Rizik purchased 3,400 shares of Rocket Companies. The stock was purchased at an average price of $6.46 per share, for a total transaction of $21,964.00.

Rocket companies stockpile 5.8%

Rocket Company Stocks opened at $8.99 on Friday. The company has a debt ratio of 1.40, a quick ratio of 13.54 and a current ratio of 13.54. Rocket Companies, Inc. has a 52-week low of $6.27 and a 52-week high of $19.55. The company has a 50-day moving average price of $8.13 and a two-hundred-day moving average price of $10.39. The company has a market capitalization of $17.71 billion, a price/earnings ratio of 5.42, a PEG ratio of 3.22 and a beta of 1.41.

Rocket Companies (NYSE: RKTGet a rating) last released its quarterly results on Tuesday, May 10. The company reported earnings per share (EPS) of $0.12 for the quarter, missing the consensus estimate of $0.16 per ($0.04). Rocket Companies had a return on equity of 31.45% and a net margin of 2.16%. The company posted revenue of $1.93 billion for the quarter, versus a consensus estimate of $2.24 billion. In the same quarter a year earlier, the company posted EPS of $0.55. The company’s revenue for the quarter decreased 52.2% compared to the same quarter last year. Stock analysts predict that Rocket Companies, Inc. will post EPS of 0.26 for the current year.

Wall Street analysts predict growth

A number of equity research analysts have weighed in on RKT shares recently. Citigroup downgraded shares of Rocket Companies from a “buy” rating to a “neutral” rating and reduced its price target for the company from $14.00 to $8.00 in a Wednesday, May 11 research note . Keefe, Bruyette & Woods upgraded Rocket Companies shares from an “underperforming” rating to a “market performing” rating and lowered their price target for the company from $10.00 to 7, $00 in a report from Sunday, May 15. Argus downgraded shares of Rocket Companies from a “buy” rating to a “hold” rating in a Tuesday, May 31 report. Credit Suisse Group lowered its price target on Rocket Companies shares to $9.00 and set a “neutral” rating for the company in a Thursday, May 19 report. Finally, Royal Bank of Canada lowered its price target on Rocket Companies shares from $18.00 to $9.00 in a Thursday, May 12 report. One financial analyst has assigned the stock a sell rating, nine have issued a hold rating and two have assigned the stock a buy rating. According to MarketBeat.com, Rocket Companies currently has an average rating of “Hold” and a consensus price target of $10.38.

Institutional Rocket Company Trading

Large investors have recently changed their stock holdings. Rockefeller Capital Management LP increased its position in Rocket Companies shares by 173.2% during the fourth quarter. Rockefeller Capital Management LP now owns 3,500 shares of the company worth $49,000 after purchasing 2,219 additional shares during the period. US Bancorp DE increased its position in Rocket Companies shares by 341.4% during the 1st quarter. US Bancorp DE now owns 4,414 shares of the company worth $49,000 after purchasing an additional 3,414 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Rocket Companies during Q1 worth approximately $52,000. The New York State Teachers’ Retirement System acquired a new stake in shares of Rocket Companies during Q4 worth approximately $73,000. Finally, Pinebridge Investments LP acquired a new stake in shares of Rocket Companies during Q4 worth approximately $74,000. Institutional investors and hedge funds own 3.71% of the company’s shares.

About Rocket Companies

(Get a rating)

Rocket Companies, Inc. operates in the technology-driven real estate, mortgage, and e-commerce industries 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 which provides title insurance, real estate appraisal and settlement services; Rocket Homes, a home search platform and realtor referral network, which offers technology services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized, virtual car-selling support to online car-buying platforms; and Rocket Loans, an online personal loan company.

Featured articles

Insider buying and selling by quarter for rocket companies (NYSE: RKT)



Get daily news and reviews for rocket companies – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Rocket Companies and related companies with MarketBeat.com’s free daily email newsletter.

Share.

Comments are closed.