Rocket Companies, Inc. (NYSE:RKT) Director Acquires $21,692.00 in Stock

Rocket Companies, Inc. (NYSE:RKTGet Rating) Director Matthew Rizik bought 2,900 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was purchased at an average cost of $7.48 per share, for a total transaction of $21,692.00. Following the completion of the transaction, the director now directly owns 501,102 shares of the company’s stock, valued at approximately $3,748,242.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, November 15th, Matthew Rizik acquired 2,600 shares of Rocket Companies stock. The stock was acquired at an average price of $8.49 per share, for a total transaction of $22,074.00.
  • On Wednesday, November 9th, Matthew Rizik bought 3,300 shares of Rocket Companies stock. The shares were acquired at an average cost of $6.48 per share, with a total value of $21,384.00.
  • On Monday, November 7th, Matthew Rizik purchased 3,500 shares of Rocket Companies stock. The shares were acquired at an average price of $6.25 per share, for a total transaction of $21,875.00.
  • On Friday, November 4th, Matthew Rizik acquired 3,400 shares of Rocket Companies stock. The stock was bought at an average price of $6.33 per share, with a total value of $21,522.00.
  • On Wednesday, November 2nd, Matthew Rizik purchased 3,200 shares of Rocket Companies stock. The shares were bought at an average cost of $6.85 per share, with a total value of $21,920.00.
  • On Monday, October 31st, Matthew Rizik acquired 3,200 shares of Rocket Companies stock. The stock was bought at an average cost of $6.80 per share, for a total transaction of $21,760.00.
  • On Friday, October 28th, Matthew Rizik bought 3,300 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.60 per share, with a total value of $21,780.00.
  • On Wednesday, October 26th, Matthew Rizik purchased 3,200 shares of Rocket Companies stock. The shares were purchased at an average cost of $6.80 per share, for a total transaction of $21,760.00.
  • On Monday, October 24th, Matthew Rizik acquired 3,400 shares of Rocket Companies stock. The shares were purchased at an average price of $6.30 per share, for a total transaction of $21,420.00.
  • On Friday, October 21st, Matthew Rizik bought 3,500 shares of Rocket Companies stock. The stock was purchased at an average cost of $6.23 per share, with a total value of $21,805.00.

Rocket Companies Stock Down 0.8 %

Shares of NYSE:RKT opened at $7.50 on Monday. The company has a 50-day moving average price of $6.98 and a 200 day moving average price of $8.06. The company has a current ratio of 11.69, a quick ratio of 11.69 and a debt-to-equity ratio of 1.09. Rocket Companies, Inc. has a 12 month low of $5.97 and a 12 month high of $16.65. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 9.62 and a beta of 1.74.

Analysts Set New Price Targets

Several brokerages have recently commented on RKT. Credit Suisse Group lowered their price objective on Rocket Companies to $7.00 in a research report on Tuesday, November 15th. The Goldman Sachs Group dropped their price target on Rocket Companies from $7.25 to $6.50 and set a “neutral” rating for the company in a research note on Monday, November 7th. Argus cut shares of Rocket Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, November 16th. Barclays cut their target price on shares of Rocket Companies from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Monday, October 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Rocket Companies from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, October 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.63.

Institutional Investors Weigh In On Rocket Companies

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Rocket Companies by 29.0% during the first quarter. Vanguard Group Inc. now owns 10,028,437 shares of the company’s stock worth $111,517,000 after buying an additional 2,252,066 shares during the period. ValueAct Holdings L.P. purchased a new position in shares of Rocket Companies during the 2nd quarter worth about $14,720,000. Renaissance Technologies LLC grew its holdings in Rocket Companies by 378.7% during the 1st quarter. Renaissance Technologies LLC now owns 2,357,100 shares of the company’s stock valued at $26,211,000 after purchasing an additional 1,864,700 shares during the last quarter. First Trust Advisors LP raised its position in Rocket Companies by 9,665.8% in the 3rd quarter. First Trust Advisors LP now owns 1,486,352 shares of the company’s stock worth $9,394,000 after purchasing an additional 1,471,132 shares during the period. Finally, Millennium Management LLC bought a new stake in Rocket Companies in the second quarter worth about $8,983,000. 4.16% of the stock is owned by institutional investors.

Rocket Companies Company Profile

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for Rocket Companies (NYSE:RKT)

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