Rocket Companies, Inc. (NYSE:RKT) CEO buys $200,032.00 worth of stock

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Rocket Companies, Inc. (NYSE: RKTGet a rating) CEO Jay Farner purchased 22,400 shares of the company in a transaction that took place on Friday, April 22. The stock was purchased at an average cost of $8.93 per share, for a total transaction of $200,032.00. Following the completion of the acquisition, the CEO now owns 1,810,707 shares of the company, valued at approximately $16,169,613.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.

Jay Farner also recently made the following trade(s):

  • On Wednesday, April 20, Jay Farner purchased 21,400 shares of Rocket Companies. The shares were acquired at an average price of $9.34 per share, with a total value of $199,876.00.
  • On Monday, April 18, Jay Farner acquired 21,600 shares of Rocket Companies. The shares were purchased at an average price of $9.25 per share, with a total value of $199,800.00.
  • On Wednesday, April 13, Jay Farner purchased 20,800 shares of Rocket Companies. The stock was purchased at an average price of $9.57 per share, with a total value of $199,056.00.
  • On Monday, April 11, Jay Farner acquired 20,300 shares of Rocket Companies. The shares were purchased at an average cost of $9.82 per share, with a total value of $199,346.00.
  • On Friday, April 8, Jay Farner acquired 20,400 shares of Rocket Companies. The shares were purchased at an average cost of $9.80 per share, with a total value of $199,920.00.
  • On Wednesday, April 6, Jay Farner purchased 19,500 shares of Rocket Companies. The shares were purchased at an average cost of $10.24 per share, with a total value of $199,680.00.
  • On Monday, April 4, Jay Farner purchased 8,600 shares of Rocket Companies. The shares were purchased at an average cost of $11.52 per share, with a total value of $99,072.00.
  • On Friday, April 1, Jay Farner acquired 13,100 shares of Rocket Companies. The stock was purchased at an average cost of $11.04 per share, with a total value of $144,624.00.
  • On Wednesday, March 30, Jay Farner purchased 8,900 shares of Rocket Companies. The shares were acquired at an average cost of $11.20 per share, with a total value of $99,680.00.

Shares of NYSE: RKT traded at $0.57 on Friday, reaching $8.67. 4,812,860 shares of the company have been traded, against an average volume of 5,397,160. The company has a current ratio of 21.68, a quick ratio of 21.68 and a debt ratio of 1.92. Rocket Companies, Inc. has a 1-year low of $8.66 and a 1-year high of $23.33. The company has a market cap of $17.20 billion, a price-to-earnings ratio of 3.97, a growth price-to-earnings ratio of 0.91, and a beta of 1.31. The company has a 50-day moving average of $11.16 and a 200-day moving average of $13.69.

Rocket Companies (NYSE: RKTGet a rating) last reported quarterly earnings data on Thursday, February 24. The company reported earnings per share of $0.30 for the quarter, missing Thomson Reuters consensus estimate of $0.36 per ($0.06). The company posted revenue of $2.59 billion for the quarter, versus $2.62 billion expected by analysts. Rocket Companies had a return on equity of 48.76% and a net margin of 2.38%. In the same quarter of the previous year, the company had earned earnings per share of $1.12. The company’s revenue was down 44.6% year over year. As a group, analysts expect Rocket Companies, Inc. to post 1.03 earnings per share for the current year.

The company also recently declared a dividend, which was paid on Tuesday, March 22. Shareholders of record on Tuesday, March 8 received a dividend of $1.01 per share. The ex-dividend date was Monday, March 7.

Institutional investors have recently increased or reduced their stake in the company. Moors & Cabot Inc. acquired a new stake in Rocket Companies in the third quarter valued at $31,000. Rockefeller Capital Management LP increased its stake in Rocket Companies by 173.2% during the 4th quarter. Rockefeller Capital Management LP now owns 3,500 shares of the company valued at $49,000 after acquiring 2,219 additional shares last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Rocket Companies by 111.6% in Q3. Patriot Financial Group Insurance Agency LLC now owns 3,640 shares of the company valued at $58,000 after purchasing an additional 1,920 shares last quarter. The New York State Teachers’ Retirement System acquired a new stake in Rocket Companies in Q4 worth approximately $73,000. Finally, Pinebridge Investments LP acquired a new position in shares of Rocket Companies during the fourth quarter worth approximately $74,000. 3.74% of the shares are held by hedge funds and other institutional investors.

Several equity analysts have recently weighed in on RKT shares. Wedbush downgraded shares of Rocket Companies from an “underperforming” rating to a “neutral” rating and set a price target of $14.00 on the stock in a Monday, Jan. 3 research note. They noted that the move was a review call. Zacks Investment Research downgraded shares of Rocket Companies from a “held” rating to a “strong sell” rating in a Wednesday, March 2 research note. Morgan Stanley cut its price target on Rocket Companies stock from $12.00 to $11.00 and set an “equal weight” rating on the stock in a Thursday, April 7 research note. Goldman Sachs Group cut its price target on Rocket Companies shares from $14.00 to $11.50 and set a “neutral” rating on the stock in a Monday, April 4 research note. Finally, Bank of America downgraded shares of Rocket Companies from a “neutral” rating to an “underperforming” rating and reduced its price target for the company from $21.00 to $11.00 in a note. research on Tuesday, February 22. Two equity research analysts rated the stock with a sell rating, nine gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.46.

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.

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



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