Rocket Companies, Inc. (NYSE: RKT – Get a rating) Director Matthew Rizik purchased 2,800 shares of Rocket Companies in a trade dated Friday, July 1. The shares were purchased at an average price of $7.62 per share, with a total value of $21,336.00. Following completion of the transaction, the administrator now directly owns 234,902 shares of the company, valued at $1,789,953.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Matthew Rizik also recently made the following trade(s):
- On Wednesday, June 29, Matthew Rizik acquired 2,900 shares of Rocket Companies. The shares were purchased at an average cost of $7.22 per share, with a total value of $20,938.00.
- On Monday, June 27, Matthew Rizik acquired 2,800 shares of Rocket Companies. The shares were purchased at an average cost of $7.73 per share, with a total value of $21,644.00.
- On Thursday, June 23, Matthew Rizik acquired 3,000 shares of Rocket Companies. The shares were purchased at an average cost of $7.16 per share, with a total value of $21,480.00.
- On Tuesday, June 21, Matthew Rizik acquired 3,200 shares of Rocket Companies. The shares were purchased at an average cost of $6.73 per share, with a total value of $21,536.00.
- On Friday, June 17, Matthew Rizik acquired 3,400 shares of Rocket Companies. The shares were purchased at an average cost of $6.46 per share, with a total value of $21,964.00.
- On Wednesday, June 15, Matthew Rizik purchased 3,100 shares of Rocket Companies. The shares were acquired at an average cost of $6.98 per share, with a total value of $21,638.00.
- On Monday, June 13, Matthew Rizik purchased 2,900 shares of Rocket Companies. The shares were acquired at an average cost of $7.35 per share, with a total value of $21,315.00.
RKT opened at $7.61 on Monday. The stock has a market capitalization of $14.99 billion, a price/earnings ratio of 4.58, a PEG ratio of 2.88 and a beta of 1.41. The company has a fifty-day moving average of $8.24 and a 200-day moving average of $10.81. Rocket Companies, Inc. has a fifty-two week low of $6.27 and a fifty-two week high of $19.59. The company has a debt ratio of 1.40, a quick ratio of 13.54 and a current ratio of 13.54.
Rocket Companies (NYSE: RKT – Get a rating) last released its quarterly earnings data on Tuesday, May 10. The company reported EPS of $0.12 for the quarter, missing analyst consensus estimates 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 in the quarter, versus $2.24 billion expected by analysts. In the same period of the previous year, the company had earned earnings per share of $0.55. The company’s quarterly revenue was down 52.2% year over year. On average, stock research analysts expect Rocket Companies, Inc. to post 0.26 earnings per share for the current year.
Several brokerages recently commented on RKT. Morgan Stanley lowered its price target on shares of Rocket Companies from $12.00 to $11.00 and set an “equal weight” rating for the company in a Thursday, April 7 research note. Argus reduced Rocket Companies shares from a “buy” rating to a “hold” rating in a Tuesday, May 31 research report. Barclays cut its price target on Rocket Companies shares from $14.00 to $13.00 and set an “equal weight” rating on the stock in a Tuesday, April 12 research report. 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 report. Finally, Citigroup downgraded shares of Rocket Companies from a “buy” rating to a “neutral” rating and lowered its price target for the stock from $14.00 to $8.00 in a Wednesday 11 report. may. One financial analyst gave the stock a sell rating, eleven gave the stock a hold rating and one gave the stock a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.08.
Several large investors have recently changed their stake in the company. Invesco Ltd. increased its holdings of Rocket Companies stock by 4.8% in Q1. Invesco Ltd. now owns 10,789,221 shares of the company worth $119,975,000 after acquiring an additional 490,407 shares in the last quarter. Vanguard Group Inc. increased its holdings of Rocket Companies stock by 29.0% in Q1. Vanguard Group Inc. now owns 10,028,437 shares of the company worth $111,517,000 after acquiring 2,252,066 additional shares in the last quarter. BlackRock Inc. increased its equity stake in Rocket Companies by 2.7% in Q1. BlackRock Inc. now owns 6,684,239 shares of the company worth $74,328,000 after acquiring an additional 178,545 shares in the last quarter. State Street Corp increased its stake in shares of Rocket Companies by 11.3% in Q1. State Street Corp now owns 5,395,785 shares of the company worth $60,001,000 after acquiring an additional 548,077 shares in the last quarter. Finally, Renaissance Technologies LLC increased its equity stake in Rocket Companies by 378.7% in Q1. Renaissance Technologies LLC now owns 2,357,100 shares of the company worth $26,211,000 after acquiring an additional 1,864,700 shares in the last quarter. 3.71% of the shares are held by institutional investors and hedge funds.
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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