Director of Rocket Companies, Inc. (NYSE:RKT) buys $21,480.00 worth of stock
Rocket Companies, Inc. (NYSE:RKT – Get Rating) Director Matthew Rizik purchased 3,000 shares of the company in a trade dated Thursday, June 23. The shares were purchased at an average price of $7.16 per share, with a total value of $21,480.00. Following completion of the transaction, the administrator now owns 217,902 shares of the company, valued at approximately $1,560,178.32. The acquisition was disclosed in a legal filing with the SEC, accessible via this hyperlink.
Matthew Rizik also recently made the following trade(s):
- On Tuesday, June 21, Matthew Rizik purchased 3,200 shares of Rocket Companies. The shares were purchased at an average price of $6.73 per share, with a total value of $21,536.00.
- On Friday, June 17, Matthew Rizik purchased 3,400 shares of Rocket Companies. The shares were purchased at an average price 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 purchased at an average price 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 purchased at an average price of $7.35 per share, with a total value of $21,315.00.
RKT traded down $0.32 on Friday, hitting $7.73. The stock had a trading volume of 6,174,792 shares, compared to an average volume of 5,097,000. Rocket Companies, Inc. has a fifty-two-week low of $6.27 and a fifty-two-week high. of $20.84. The company has a 50-day moving average of $8.44 and a 200-day moving average of $11.24. The company has a current ratio of 13.54, a quick ratio of 13.54 and a debt ratio of 1.40. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 4.66, a growth price-to-earnings ratio of 2.64, and a beta of 1.38.
Rocket Companies (NYSE:RKT – Get Rating) last reported 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). 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 analyst estimates of $2.24 billion. During the same period of the previous year, the company achieved EPS of $0.55. Rocket Companies revenue for the quarter was down 52.2% year over year. Sell-side analysts expect Rocket Companies, Inc. to post EPS of 0.26 for the current fiscal year.
A number of research companies have weighed in on RKT recently. Argus downgraded Rocket Companies from a “buy” rating to a “hold” rating in a Tuesday, May 31 research report. Morgan Stanley lowered its price target on Rocket Companies from $12.00 to $11.00 and set an “equal weight” rating for the company in a Thursday, April 7 research report. Royal Bank of Canada lowered its price target on Rocket Companies from $18.00 to $9.00 in a Thursday, May 12 research report. Barclays lowered its price target on Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating for the company in a Tuesday, April 12 research report. Finally, Citigroup downgraded 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, May 11 research report. . One equity research analyst gave the stock a sell rating, eleven gave the stock a hold rating and one gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.08.
Several hedge funds have recently changed their holdings in RKT. Vanguard Group Inc. increased its stake in shares of Rocket Companies by 29.0% in the first quarter. Vanguard Group Inc. now owns 10,028,437 shares of the company valued at $111,517,000 after purchasing an additional 2,252,066 shares during the period. Renaissance Technologies LLC increased its stake in shares of Rocket Companies by 378.7% in the first quarter. Renaissance Technologies LLC now owns 2,357,100 shares of the company valued at $26,211,000 after purchasing an additional 1,864,700 shares during the period. Federated Hermes Inc. increased its stake in shares of Rocket Companies by 195.2% in the first quarter. Federated Hermes Inc. now owns 1,558,417 shares of the company valued at $17,330,000 after purchasing an additional 1,030,536 shares during the period. Invesco Ltd. increased its stake in shares of Rocket Companies by 10.0% in the fourth quarter. Invesco Ltd. now owns 10,298,814 shares of the company valued at $144,183,000 after purchasing an additional 934,907 shares during the period. Finally, Bruni JV & Co. Co. acquired a new stake in shares of Rocket Companies in the fourth quarter valued at approximately $11,947,000. 3.71% of the shares are held by institutional investors.
Company Profile Rocket Companies (Get an assessment)
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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