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

Rocket Companies, Inc. (NYSE:RKT) Director Matthew Rizik sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $22.99, for a total transaction of $57,475.00. Following the completion of the transaction, the director owned 1,038,536 shares of the company’s stock, valued at approximately $23,875,942.64. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, January 9th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $22.78, for a total value of $56,950.00.
• On Wednesday, January 7th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $21.26, for a total value of $53,150.00.
• On Monday, December 29th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.25, for a total value of $48,125.00.
• 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 stock was 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 shares were sold at an average price of $18.99, for a total transaction 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 transaction of $48,025.00.
• On Wednesday, December 17th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was 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 shares were 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.

Rocket Companies Stock Performance

NYSE:RKT traded down $0.42 during trading hours on Tuesday, reaching $22.76. The company had a trading volume of 30,022,775 shares, compared to its average volume of 37,727,172. The firm has a market cap of $47.90 billion, a price-to-earnings ratio of 284.55 and a beta of 2.29. 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’s 50 day moving average price is $18.89 and its 200-day moving average price is $17.83. Rocket Companies, Inc. has a 52 week low of $10.41 and a 52 week high of $23.50.

Rocket Companies (NYSE:RKT) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The company’s revenue was up 148.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. On average, analysts forecast that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on RKT. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rocket Companies in a research report on Monday, October 13th. UBS Group set a $17.00 target price on shares of Rocket Companies and gave the company a “neutral” rating in a report on Friday, October 10th. JPMorgan Chase & Co. started coverage on shares of Rocket Companies in a research report on Monday. They issued a “neutral” rating and a $24.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Rocket Companies from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Zacks Research upgraded Rocket Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Institutional Trading of Rocket Companies

Several institutional investors and hedge funds have recently modified their holdings of the company. Sage Advisors LLC bought a new position in Rocket Companies in the 4th quarter worth $527,000. Baker Chad R purchased a new position in shares of Rocket Companies in the fourth quarter valued at about $1,926,000. E. Ohman J or Asset Management AB bought a new position in shares of Rocket Companies in the fourth quarter worth about $441,000. SG Americas Securities LLC grew its position in shares of Rocket Companies by 226.9% during the fourth quarter. SG Americas Securities LLC now owns 179,436 shares of the company’s stock worth $3,474,000 after purchasing an additional 124,549 shares in the last quarter. Finally, Wedmont Private Capital grew its position in shares of Rocket Companies by 6.4% during the fourth quarter. Wedmont Private Capital now owns 23,303 shares of the company’s stock worth $496,000 after purchasing an additional 1,399 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors.

Key Rocket Companies News

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Political catalyst: President Trump’s spotlight on a housing-affordability plan drove investor enthusiasm for mortgage and housing-related stocks, pushing RKT to multi‑year highs. Rocket Stock Just Hit a New 3-Year High
• Positive Sentiment: Momentum confirmation: Additional coverage noted RKT’s large YTD gains (reports saying ~+125%), reinforcing momentum-driven flows into the name. Rocket Companies Stock Is Up 125%
• Positive Sentiment: New trading vehicle: Defiance launched RKTL, a daily 2x long ETF for RKT — likely to increase intraday volume, volatility and short‑term bullish flows from active traders. Defiance Launches RKTL
• Neutral Sentiment: Technical action: Analysts and trading write-ups show consolidation after a >10% intraday rally; market is watching whether the breakout holds. Will The Rocket Companies Breakout Hold?
• Neutral Sentiment: Analyst mix: Coverage is increasing (Benzinga notes eight analysts’ takes) with varied views; JPMorgan initiated coverage with a “neutral” rating and $24 price target — modest upside from here. 8 Analysts Have This To Say About Rocket Companies
• Negative Sentiment: Fundamental/valuation risks: RKT trades near its 52‑week high with a very high trailing P/E (~285) and a negative net margin despite strong revenue growth — these factors support profit-taking risk and make the stock sensitive to any slowdown in housing optimism.

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.