Insider Selling: 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 business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $17.47, for a total transaction of $43,675.00. Following the transaction, the director owned 1,025,684 shares of the company’s stock, valued at approximately $17,918,699.48. This represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, November 17th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $16.70, for a total transaction of $41,750.00.

Rocket Companies Trading Down 1.0%

Shares of NYSE RKT opened at $16.79 on Thursday. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.56. The stock has a market cap of $35.34 billion, a price-to-earnings ratio of 209.95 and a beta of 2.21. 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 company’s fifty day moving average is $17.94 and its 200-day moving average is $16.06.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada upped their target price on shares of Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Bank of America raised Rocket Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a research note on Wednesday, September 10th. UBS Group set a $17.00 price target on Rocket Companies and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, 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 report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.18.

Institutional Investors Weigh In On Rocket Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in Rocket Companies by 148.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,163,399 shares of the company’s stock worth $14,042,000 after buying an additional 694,779 shares during the period. Lincoln Capital Corp grew its stake in shares of Rocket Companies by 304.1% in the second quarter. Lincoln Capital Corp now owns 270,614 shares of the company’s stock valued at $3,837,000 after acquiring an additional 203,639 shares in the last quarter. Woodline Partners LP bought a new position in Rocket Companies during the first quarter worth about $5,381,000. Allspring Global Investments Holdings LLC bought a new position in Rocket Companies during the second quarter worth about $44,102,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Rocket Companies by 8.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,266,399 shares of the company’s stock worth $15,285,000 after purchasing an additional 103,156 shares in the last quarter. 4.59% of the stock is owned by institutional investors.

About Rocket Companies

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.