Rocket Companies, Inc. (NYSE:RKT – Get Rating) Director Matthew Rizik purchased 2,800 shares of the company in a trade dated Friday, July 1. The stock was purchased at an average price of $7.62 per share, for a total transaction of $21,336.00. Following the transaction, the administrator now owns 234,902 shares of the company, valued at $1,789,953.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link.
Matthew Rizik also recently made the following trade(s):
- 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.
- On Wednesday, June 15, Matthew Rizik purchased 3,100 shares of Rocket Companies. The stock was purchased at an average price of $6.98 per share, for a total transaction of $21,638.00.
- On Monday, June 13, Matthew Rizik purchased 2,900 shares of Rocket Companies. The shares were acquired at an average price of $7.35 per share, for a total transaction of $21,315.00.
Shares of Rocket Companies rose $0.25 on Friday, hitting $7.61. The company had a trading volume of 2,441,865 shares, compared to an average volume of 5,002,989. The company’s 50-day moving average price is $8.26 and its two-hundred-day moving average price is of $10.94. The company has a market capitalization of $14.99 billion, a PE ratio of 4.43, a PEG ratio of 2.93 and a beta of 1.38. Rocket Companies, Inc. has a 52-week low of $6.27 and a 52-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 Rating) last released quarterly results on Tuesday, May 10. The company reported earnings per share (EPS) of $0.12 for the quarter, missing analyst consensus estimates of $0.16 per ($0.04). The company posted revenue of $1.93 billion in the quarter, versus $2.24 billion expected by analysts. Rocket Companies had a net margin of 2.16% and a return on equity of 31.45%. Rocket Companies revenue was down 52.2% year over year. During the same period last year, the company posted earnings per share of $0.55. As a group, sell-side analysts expect Rocket Companies, Inc. to post 0.26 EPS for the current year.
Several institutional investors have recently increased or reduced their stake in RKT. Renaissance Technologies LLC acquired a new stake in Rocket Companies during Q3 for a value of approximately $372,000. Cubist Systematic Strategies LLC increased its stake in Rocket Companies by 168.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 47,863 shares of the company worth $768,000 after purchasing an additional 30,066 shares during the period. Millennium Management LLC increased its stake in Rocket Companies by 255.9% during Q3. Millennium Management LLC now owns 257,636 shares of the company worth $4,132,000 after purchasing an additional 185,236 shares during the period. Janus Henderson Group PLC acquired a new stake in Rocket Companies during Q3 for a value of approximately $351,000. Finally, Moors & Cabot Inc. acquired a new stake in Rocket Companies during Q3 worth approximately $31,000. 3.71% of the shares are currently held by institutional investors and hedge funds.
A number of stock analysts have weighed in on the stock recently. Goldman Sachs Group lowered 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 report. Barclays lowered 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. Wells Fargo & Company lowered its price target on Rocket Companies stock from $8.00 to $6.50 and set an “equal weight” rating on the stock in a Friday, June 17 research report. Royal Bank of Canada lowered its price target on Rocket Companies shares from $18.00 to $9.00 in a Thursday, May 12 research report. Finally, Citigroup downgraded shares of Rocket Companies from a “buy” rating to a “neutral” rating and reduced its target price for the stock from $14.00 to $8.00 in a Wednesday research note. May 11. One research analyst rated the stock with a sell rating, eleven assigned a hold rating and one gave the stock a buy rating. Based on MarketBeat data, Rocket Companies has an average rating of “Hold” and a consensus price target of $11.08.
About Rocket Companies (Get an evaluation)
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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