Rocket Companies, Inc. (NYSE:RKT) Director Matthew Rizik Acquires 2,200 Shares


Rocket Companies, Inc. (NYSE: RKT – Get Rating) Director Matthew Rizik acquired 2,200 shares of the company in a transaction that took place on Friday, August 5. The stock was purchased at an average price of $9.72 per share, for a total transaction of $21,384.00. Following completion of the transaction, the administrator now directly owns 291,102 shares of the company, valued at approximately $2,829,511.44. The purchase was disclosed in a legal filing with the SEC, accessible via this hyperlink.

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

  • On Monday, August 8, Matthew Rizik acquired 2,200 shares of Rocket Companies. The stock was purchased at an average price of $9.61 per share, for a total transaction of $21,142.00.
  • On Wednesday August 3, Matthew Rizik acquired 2,100 shares of Rocket Companies. The stock was purchased at an average price of $10.23 per share, for a total transaction of $21,483.00.
  • On Monday, August 1, Matthew Rizik acquired 2,200 shares of Rocket Companies. The stock was purchased at an average price of $9.72 per share, for a total transaction of $21,384.00.
  • On Friday, July 29, Matthew Rizik purchased 2,200 shares of Rocket Companies. The shares were acquired at an average price of $9.49 per share, for a total transaction of $20,878.00.
  • On Wednesday, July 27, Matthew Rizik purchased 2,300 shares of Rocket Companies. The shares were acquired at an average price of $9.28 per share, for a total transaction of $21,344.00.
  • On Monday, July 25, Matthew Rizik purchased 2,300 shares of Rocket Companies. The shares were acquired at an average price of $9.54 per share, for a total transaction of $21,942.00.
  • On Friday, July 22, Matthew Rizik purchased 2,200 shares of Rocket Companies. The shares were acquired at an average price of $9.64 per share, for a total transaction of $21,208.00.
  • On Wednesday, July 20, Matthew Rizik purchased 2,300 shares of Rocket Companies. The shares were acquired at an average price of $9.39 per share, for a total transaction of $21,597.00.
  • On Monday, July 18, Matthew Rizik purchased 2,400 shares of Rocket Companies. The shares were acquired at an average price of $9.09 per share, for a total transaction of $21,816.00.
  • On Friday July 15, Matthew Rizik acquired 2,400 shares of Rocket Companies. The shares were purchased at an average price of $8.91 per share, for a total transaction of $21,384.00.

Rocket Company Stock Performance

Shares of Rocket Companies opened at $9.42 on Tuesday. The company has a 50-day moving average of $8.46 and a 200-day moving average of $9.91. Rocket Companies, Inc. has a 1-year minimum of $6.27 and a 1-year maximum of $19.55. The company has a current ratio of 14.97, a quick ratio of 13.54 and a debt ratio of 1.46. The company has a market capitalization of $18.56 billion, a PE ratio of 7.36, a growth price-earnings ratio of 4.04 and a beta of 1.72.

Rocket Companies (NYSE:RKT – Get Rating) last released quarterly results on Thursday, August 4. The company reported ($0.03) earnings per share for the quarter, missing analyst consensus estimates of $0.02 per ($0.05). The company posted revenue of $1.39 billion for the quarter, versus a consensus estimate of $1.53 billion. Rocket Companies had a return on equity of 19.79% and a net margin of 1.85%. The company’s revenue was down 47.8% year over year. During the same period last year, the company posted EPS of $0.44. As a group, equity research analysts expect Rocket Companies, Inc. to post earnings per share of 0.25 for the current fiscal year.

Hedge funds weigh in on rocket companies

Institutional investors have recently increased or reduced their stake in the stock. Castle Wealth Management LLC acquired a new position in Rocket Companies during Q2 worth approximately $25,000. Rockefeller Capital Management LP increased its position in Rocket Companies by 173.2% during the 4th quarter. Rockefeller Capital Management LP now owns 3,500 shares of the company worth $49,000 after buying 2,219 more shares last quarter. Ancora Advisors LLC acquired a new position in Rocket Companies in Q1 worth approximately $81,000. US Bancorp DE increased its position in Rocket Companies by 341.4% in Q1. US Bancorp DE now owns 4,414 shares of the company valued at $49,000 after acquiring an additional 3,414 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Rocket Companies in Q1 valued at around $52,000. 3.71% of the shares are currently held by institutional investors and hedge funds.

Wall Street analysts predict growth

Several research companies have recently weighed in on RKT. 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 research note. may. Wells Fargo & Company upgraded Rocket Companies stock from a “weighted” to an “overweight” rating and set a $10.00 price target on the stock in a Wednesday 6 research note. July. Credit Suisse Group cut its price target on Rocket Companies shares to $9.00 and set a “neutral” rating for the company in a Thursday, May 19 report. Argus downgraded shares of Rocket Companies from a “buy” rating to a “hold” rating in a report on Tuesday, May 31. Finally, Wedbush cut its price target on Rocket Companies stock to $7.00 and set an “na” rating for the company in a Tuesday, May 17 report. Two research analysts rated the stock with a sell rating, eight gave the company a hold rating and two gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.33.

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.

Recommended Stories

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.

Comments are closed.