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

Rocket Companies, Inc. (NYSE:RKT) Director Matthew Rizik sold 2,500 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $22.78, for a total value of $56,950.00. Following the transaction, the director directly owned 1,041,036 shares of the company’s stock, valued at approximately $23,714,800.08. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, January 12th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $22.99, for a total value of $57,475.00.
• On Wednesday, January 7th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were 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 transaction of $48,125.00.
• On Friday, December 26th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.38, for a total transaction of $48,450.00.
• On Wednesday, December 24th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.44, for a total transaction 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 stock was 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 shares were 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 stock was sold at an average price of $19.17, for a total value of $47,925.00.

Rocket Companies Stock Performance

Shares of RKT traded down $0.42 during midday trading on Tuesday, reaching $22.76. 30,022,775 shares of the stock were exchanged, compared to its average volume of 37,727,172. Rocket Companies, Inc. has a twelve month low of $10.41 and a twelve month high of $23.50. 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 company has a market capitalization of $47.90 billion, a price-to-earnings ratio of 284.55 and a beta of 2.29. The business’s 50-day moving average price is $18.89 and its 200 day moving average price is $17.83.

Rocket Companies (NYSE:RKT) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm 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 quarterly revenue was up 148.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, sell-side analysts expect that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on RKT shares. UBS Group set a $17.00 price target on shares of Rocket Companies and gave the company a “neutral” rating in a research report on Friday, October 10th. Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Jefferies Financial Group started coverage on Rocket Companies in a report on Friday, December 19th. They set a “buy” rating and a $25.00 price target on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price target (up previously from $16.00) on shares of Rocket Companies in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada increased their price objective on Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rocket Companies has an average rating of “Hold” and a consensus target price of $20.50.

Rocket Companies News Summary

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.

Institutional Investors Weigh In On Rocket Companies

A number of hedge funds have recently added to or reduced their stakes in RKT. Cloud Capital Management LLC acquired a new position in Rocket Companies during the 3rd quarter worth approximately $25,000. North Capital Inc. lifted its holdings 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 during the period. SouthState Corp boosted its stake in shares of Rocket Companies by 2,044.8% in the second quarter. SouthState Corp now owns 2,059 shares of the company’s stock valued at $29,000 after buying an additional 1,963 shares in the last quarter. Miller Wealth Advisors LLC grew its holdings in Rocket Companies by 65.0% during the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $32,000 after acquiring an additional 650 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in Rocket Companies during the third quarter worth $38,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

About Rocket Companies

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.