Rocket Companies, Inc. (NYSE:RKT – Get Rating) CEO Jay Farner purchased 26,300 shares of the business’s stock in a transaction on Friday, July 1st. The shares were acquired at an average price of $7.61 per share, with a total value of $200,143.00. Following the completion of the transaction, the chief executive officer now owns 2,985,407 shares of the company’s stock, valued at $22,718,947.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Jay Farner also recently made the following trade(s).
- On Wednesday, June 29th, Jay Farner purchased 27,600 shares of Rocket Companies stock. The shares were acquired at an average price of $7.22 per share, with a total value of $199,272.00.
- On Monday, June 27th, Jay Farner purchased 25,800 shares of Rocket Companies stock. The shares were acquired at an average price of $7.73 per share, with a total value of $199,434.00.
- On Thursday, June 23rd, Jay Farner purchased 27,900 shares of Rocket Companies stock. The shares were acquired at an average price of $7.15 per share, with a total value of $199,485.00.
- On Tuesday, June 21st, Jay Farner purchased 29,700 shares of Rocket Companies stock. The shares were acquired at an average price of $6.73 per share, with a total value of $199,881.00.
- On Friday, June 17th, Jay Farner acquired 31,100 shares of Rocket Companies stock. The shares were purchased at an average cost of $6.46 per share, with a total value of $200,906.00.
- On Wednesday, June 15th, Jay Farner acquired 28,800 shares of Rocket Companies stock. The shares were purchased at an average cost of $6.99 per share, with a total value of $201,312.00.
- On Monday, June 13th, Jay Farner acquired 27,200 shares of Rocket Companies stock. The shares were purchased at an average cost of $7.36 per share, with a total value of $200,192.00.
- On Wednesday, June 8th, Jay Farner acquired 23,300 shares of Rocket Companies stock. The shares were purchased at an average cost of $8.58 per share, with a total value of $199,914.00.
- On Monday, June 6th, Jay Farner acquired 23,100 shares of Rocket Companies stock. The shares were purchased at an average cost of $8.66 per share, with a total value of $200,046.00.
- On Thursday, June 2nd, Jay Farner acquired 22,500 shares of Rocket Companies stock. The shares were purchased at an average cost of $8.88 per share, with a total value of $199,800.00.
Shares of RKT opened at $7.61 on Friday. The stock has a market cap of $14.99 billion, a PE ratio of 4.58, a price-to-earnings-growth ratio of 2.93 and a beta of 1.38. The company has a debt-to-equity ratio of 1.40, a quick ratio of 13.54 and a current ratio of 13.54. Rocket Companies, Inc. has a fifty-two week low of $6.27 and a fifty-two week high of $19.59. The firm’s 50-day simple moving average is $8.24 and its two-hundred day simple moving average is $10.85.
Rocket Companies (NYSE:RKT – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Rocket Companies had a net margin of 2.16% and a return on equity of 31.45%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The company’s quarterly revenue was down 52.2% compared to the same quarter last year. Equities research analysts predict that Rocket Companies, Inc. will post 0.26 EPS for the current year.
Several large investors have recently bought and sold shares of RKT. Vanguard Group Inc. grew its holdings in shares of Rocket Companies by 29.0% during the first quarter. Vanguard Group Inc. now owns 10,028,437 shares of the company’s stock valued at $111,517,000 after buying an additional 2,252,066 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Rocket Companies by 378.7% during the first quarter. Renaissance Technologies LLC now owns 2,357,100 shares of the company’s stock valued at $26,211,000 after buying an additional 1,864,700 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Rocket Companies by 195.2% during the first quarter. Federated Hermes Inc. now owns 1,558,417 shares of the company’s stock valued at $17,330,000 after buying an additional 1,030,536 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Rocket Companies by 10.0% during the fourth quarter. Invesco Ltd. now owns 10,298,814 shares of the company’s stock valued at $144,183,000 after buying an additional 934,907 shares during the last quarter. Finally, Bruni JV & Co. Co. purchased a new stake in shares of Rocket Companies during the fourth quarter valued at approximately $11,947,000. Hedge funds and other institutional investors own 3.71% of the company’s stock.
A number of equity analysts recently issued reports on RKT shares. Credit Suisse Group decreased their price target on shares of Rocket Companies to $9.00 and set a “neutral” rating for the company in a research note on Thursday, May 19th. Wedbush decreased their price target on shares of Rocket Companies to $7.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Barclays decreased their price target on shares of Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 12th. Citigroup downgraded shares of Rocket Companies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $14.00 to $8.00 in a research note on Wednesday, May 11th. Finally, Morgan Stanley decreased their price target on shares of Rocket Companies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, April 7th. One equity research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.08.
About Rocket Companies: (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.
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