Rocket Companies, Inc. (NYSE:RKT) Director Matthew Rizik Purchases 2,800 Shares


Rocket Companies, Inc. (NYSE:RKT – Get Rating) Director Matthew Rizik purchased 2,800 shares of Rocket Companies stock in a transaction dated Friday, July 1st. The shares were purchased at an average price of $7.62 per share, with a total value of $21,336.00. Following the completion of the transaction, the director now directly owns 234,902 shares in the company, valued at $1,789,953.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, June 29th, Matthew Rizik acquired 2,900 shares of Rocket Companies stock. The shares were bought at an average cost of $7.22 per share, with a total value of $20,938.00.
  • On Monday, June 27th, Matthew Rizik acquired 2,800 shares of Rocket Companies stock. The shares were bought at an average cost of $7.73 per share, with a total value of $21,644.00.
  • On Thursday, June 23rd, Matthew Rizik acquired 3,000 shares of Rocket Companies stock. The shares were bought at an average cost of $7.16 per share, with a total value of $21,480.00.
  • On Tuesday, June 21st, Matthew Rizik acquired 3,200 shares of Rocket Companies stock. The shares were bought at an average cost of $6.73 per share, with a total value of $21,536.00.
  • On Friday, June 17th, Matthew Rizik acquired 3,400 shares of Rocket Companies stock. The shares were bought at an average cost of $6.46 per share, with a total value of $21,964.00.
  • On Wednesday, June 15th, Matthew Rizik purchased 3,100 shares of Rocket Companies stock. The stock was acquired at an average cost of $6.98 per share, with a total value of $21,638.00.
  • On Monday, June 13th, Matthew Rizik purchased 2,900 shares of Rocket Companies stock. The stock was acquired at an average cost of $7.35 per share, with a total value of $21,315.00.

RKT opened at $7.61 on Monday. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 2.88 and a beta of 1.41. The company has a fifty day moving average of $8.24 and a 200 day moving average of $10.81. Rocket Companies, Inc. has a fifty-two week low of $6.27 and a fifty-two week high of $19.59. The company has a debt-to-equity ratio of 1.40, a quick ratio of 13.54 and a current ratio of 13.54.

Rocket Companies (NYSE:RKT – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Rocket Companies had a return on equity of 31.45% and a net margin of 2.16%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The business’s quarterly revenue was down 52.2% on a year-over-year basis. On average, equities research analysts forecast that Rocket Companies, Inc. will post 0.26 earnings per share for the current year.

Several brokerages have recently commented on RKT. Morgan Stanley lowered their price objective on shares of Rocket Companies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, April 7th. Argus cut shares of Rocket Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Barclays reduced their price target on shares of Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 12th. The Goldman Sachs Group cut their price objective on shares of Rocket Companies from $14.00 to $11.50 and set a “neutral” rating on the stock in a report on Monday, April 4th. Finally, Citigroup cut shares of Rocket Companies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $8.00 in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.08.

Several large investors have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Rocket Companies by 4.8% in the 1st quarter. Invesco Ltd. now owns 10,789,221 shares of the company’s stock worth $119,975,000 after acquiring an additional 490,407 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Rocket Companies by 29.0% in the 1st quarter. Vanguard Group Inc. now owns 10,028,437 shares of the company’s stock worth $111,517,000 after acquiring an additional 2,252,066 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Rocket Companies by 2.7% in the 1st quarter. BlackRock Inc. now owns 6,684,239 shares of the company’s stock worth $74,328,000 after acquiring an additional 178,545 shares during the last quarter. State Street Corp lifted its holdings in shares of Rocket Companies by 11.3% in the 1st quarter. State Street Corp now owns 5,395,785 shares of the company’s stock worth $60.001,000 after acquiring an additional 548,077 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Rocket Companies by 378.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,357,100 shares of the company’s stock worth $26,211,000 after acquiring an additional 1,864,700 shares during the last quarter. 3.71% of the stock is owned by institutional investors and hedge funds.

About Rocket Companies (GetRated)

Rocket Companies, Inc engages in the tech-driven real estate, mortgage, and e-Commerce businesses 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; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business.

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