Rocket Companies, Inc. (NYSE:RKT – Get Free Report) Director Matthew Rizik sold 2,500 shares of Rocket Companies stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $19.25, for a total value of $48,125.00. Following the sale, the director directly owned 1,061,036 shares in the company, valued at approximately $20,424,943. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Matthew Rizik also recently made the following trade(s):
- On Friday, December 26th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.38, for a total value of $48,450.00.
- On Wednesday, December 24th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.44, for a total value of $48,600.00.
- On Monday, December 22nd, 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 Friday, December 19th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.21, for a total value of $48,025.00.
- On Wednesday, December 17th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $18.21, for a total transaction of $45,525.00.
- 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 transaction of $47,475.00.
- On Wednesday, December 10th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.17, for a total transaction of $47,925.00.
- On Monday, December 8th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $18.78, for a total transaction 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 transaction 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.
Rocket Companies Stock Performance
Shares of RKT opened at $19.37 on Friday. The company has a quick ratio of 19.68, a current ratio of 19.68 and a debt-to-equity ratio of 2.16. The stock has a market cap of $40.76 billion, a P/E ratio of 242.16 and a beta of 2.29. The business’s 50 day moving average price is $18.26 and its 200-day moving average price is $17.42. Rocket Companies, Inc. has a 52 week low of $10.06 and a 52 week high of $22.56.
Hedge Funds Weigh In On Rocket Companies
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in shares of Rocket Companies in the third quarter worth $25,000. Miller Wealth Advisors LLC boosted its position in Rocket Companies by 65.0% in the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $32,000 after purchasing an additional 650 shares during the last quarter. North Capital Inc. grew its stake 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 period. Private Capital Management LLC purchased a new stake in shares of Rocket Companies during the 3rd quarter valued at about $182,000. Finally, Newbridge Financial Services Group Inc. lifted its stake 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. 4.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
RKT has been the subject of a number of analyst reports. BTIG Research restated a “buy” rating and set a $25.00 price objective on shares of Rocket Companies in a research note on Wednesday, November 19th. Oppenheimer started coverage on shares of Rocket Companies in a research report on Thursday, November 13th. They set an “outperform” rating and a $25.00 price target for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price objective (up from $16.00) on shares of Rocket Companies in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods lifted their target price on Rocket Companies from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Rocket Companies in a research note on Monday. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Rocket Companies has an average rating of “Hold” and an average target price of $19.32.
View Our Latest Stock Analysis on Rocket Companies
Rocket Companies Company Profile
Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.
The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.
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