Rocket Companies (NYSE:RKT) Director Sells $43,675.00 in Stock

Rocket Companies, Inc. (NYSE:RKT) Director Matthew Rizik sold 2,500 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $17.47, for a total value of $43,675.00. Following the completion of the transaction, the director owned 1,025,684 shares of the company’s stock, valued at $17,918,699.48. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Rocket Companies Trading Down 3.7%

NYSE RKT traded down $0.64 on Monday, hitting $16.41. 23,841,422 shares of the company were exchanged, compared to its average volume of 19,959,615. The company’s 50 day moving average price is $18.17 and its 200-day moving average price is $16.00. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 19.68. The firm has a market capitalization of $34.54 billion, a P/E ratio of 205.16 and a beta of 2.21. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.56.

Rocket Companies (NYSE:RKT) last released its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $0.08 earnings per share. The firm’s quarterly revenue was up 148.1% compared to the same quarter last year. Rocket Companies has set its Q4 2025 guidance at EPS. Analysts predict that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RKT shares. Weiss Ratings reissued a “sell (d)” rating on shares of Rocket Companies in a research note on Wednesday, October 8th. Morgan Stanley lifted their price target on Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Wells Fargo & Company increased 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. Wall Street Zen lowered Rocket Companies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $25.00 target price on shares of Rocket Companies in a report on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in shares of Rocket Companies during the 3rd quarter worth about $25,000. North Capital Inc. grew its stake in shares of Rocket Companies by 287.2% in the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company’s stock valued at $26,000 after buying an additional 1,350 shares in the last quarter. SouthState Corp increased its holdings in Rocket Companies by 2,044.8% in the second quarter. SouthState Corp now owns 2,059 shares of the company’s stock worth $29,000 after buying an additional 1,963 shares during the last quarter. Miller Wealth Advisors LLC raised its position in 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 in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Rocket Companies during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Company Profile

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.