Matthew Rizik Sells 2,500 Shares of Rocket Companies (NYSE:RKT) Stock

by · The Cerbat Gem

Rocket Companies, Inc. (NYSE:RKT – Get Free Report) Director Matthew Rizik sold 2,500 shares of Rocket Companies stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $19.17, for a total value of $47,925.00. Following the transaction, the director directly owned 1,091,036 shares in the company, valued at approximately $20,915,160.12. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, December 12th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $18.99, for a total value of $47,475.00.
  • On Monday, December 8th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $18.78, for a total value of $46,950.00.
  • On Thursday, December 4th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.86, for a total value of $49,650.00.
  • On Tuesday, November 25th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.29, for a total transaction of $48,225.00.
  • On Monday, November 17th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $16.70, for a total value of $41,750.00.
  • On Thursday, November 13th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $17.47, for a total transaction of $43,675.00.

Rocket Companies Price Performance

NYSE RKT traded down $0.66 during trading hours on Friday, reaching $18.70. 13,691,949 shares of the company’s stock were exchanged, compared to its average volume of 20,438,932. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $22.56. The stock has a market cap of $39.35 billion, a PE ratio of 233.73 and a beta of 2.26. The company has a current ratio of 19.68, a quick ratio of 19.68 and a debt-to-equity ratio of 2.16. The firm has a fifty day moving average of $17.59 and a 200-day moving average of $16.79.

Rocket Companies (NYSE:RKT – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the business posted $0.08 EPS. Rocket Companies’s revenue was up 148.1% on a year-over-year basis. On average, equities research analysts predict that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Rocket Companies in a report on Wednesday, November 19th. Barclays set a $19.00 price target on Rocket Companies and gave the company a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Rocket Companies in a research report on Monday. Zacks Research upgraded shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised their price objective on Rocket Companies from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.18.

Check Out Our Latest Report on RKT

Hedge Funds Weigh In On Rocket Companies

Several institutional investors have recently made changes to their positions in RKT. Cloud Capital Management LLC acquired a new position in shares of Rocket Companies during the third quarter worth approximately $25,000. Miller Wealth Advisors LLC increased its position in shares of Rocket Companies by 65.0% during the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock valued at $32,000 after acquiring an additional 650 shares during the last quarter. North Capital Inc. increased its position in shares of Rocket Companies by 287.2% during the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company’s stock valued at $26,000 after purchasing an additional 1,350 shares during the last quarter. Private Capital Management LLC purchased a new stake in Rocket Companies during the third quarter worth about $182,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Rocket Companies by 875.0% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,950 shares of the company’s stock worth $38,000 after purchasing an additional 1,750 shares during the period. Institutional investors and hedge funds own 4.59% of the company’s stock.

About Rocket Companies

(Get Free Report)

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services 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 that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.

Read More