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

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

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

• On Monday, January 12th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $22.99, for a total transaction of $57,475.00.
• 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 transaction 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 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 stock was sold at an average price of $18.99, for a total value 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 value 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 value of $45,525.00.
• On Friday, December 12th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $18.99, for a total value 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 Trading Down 1.8%

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 company has a current ratio of 19.68, a quick ratio of 19.68 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $47.90 billion, a P/E ratio of 284.55 and a beta of 2.29. The stock has a 50-day moving average of $18.89 and a 200 day moving average of $17.83. Rocket Companies, Inc. has a 1-year low of $10.41 and a 1-year high of $23.50.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was up 148.1% on a year-over-year basis. As a group, research analysts anticipate that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RKT. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price objective (up from $16.00) on shares of Rocket Companies in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods raised their target price on Rocket Companies from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, December 18th. Morgan Stanley boosted their price target on shares of Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. started coverage on shares of Rocket Companies in a research note on Monday. They issued a “neutral” rating and a $24.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Rocket Companies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Rocket Companies presently has an average rating of “Hold” and an average target price of $20.50.

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.

Institutional Trading of Rocket Companies

Large investors have recently made changes to their positions in the company. ValueAct Holdings L.P. lifted its stake in Rocket Companies by 67.9% in the third quarter. ValueAct Holdings L.P. now owns 25,395,627 shares of the company’s stock worth $492,167,000 after acquiring an additional 10,270,018 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Rocket Companies by 29.5% in the 3rd quarter. Vanguard Group Inc. now owns 22,945,500 shares of the company’s stock valued at $444,684,000 after purchasing an additional 5,226,931 shares in the last quarter. Boston Partners raised its holdings in shares of Rocket Companies by 6.2% in the 2nd quarter. Boston Partners now owns 14,560,706 shares of the company’s stock valued at $206,610,000 after purchasing an additional 856,367 shares in the last quarter. Durable Capital Partners LP purchased a new stake in shares of Rocket Companies during the 3rd quarter worth $213,010,000. Finally, Wellington Management Group LLP grew its stake in shares of Rocket Companies by 30.6% during the third quarter. Wellington Management Group LLP now owns 6,298,220 shares of the company’s stock worth $122,060,000 after purchasing an additional 1,474,040 shares in the last quarter. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

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.