Rocket Companies Inc. (NYSE:RKT) shares traded -6.16% lower at $8.69 on Wall Street last session.
RKT stock price is now 1.43% away from the 50-day moving average and 6.69% away from the 200-day moving average. The market capitalization of the company currently stands at $17.89B.
In other news, Rizik Matthew, Director bought 2,000 shares of the company’s stock on Dec 27. The stock was bought for $13,900 at an average price of $6.95. Upon completion of the transaction, the Director now directly owns 571,502 shares in the company, valued at $4.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23, Director Rizik Matthew bought 2,900 shares of the business’s stock. A total of $21,170 was incurred on buying the stock at an average price of $7.30. This leaves the insider owning 569,502 shares of the company worth $4.95 million. Insiders disposed of 206,937 shares of company stock worth roughly $1.8 million over the past 1 year. A total of 5.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RKT stock. A new stake in Rocket Companies Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $17,135,000. SOROS FUND MANAGEMENT LLC invested $1,738,000 in shares of RKT during the first quarter. In the first quarter, CANTOR FITZGERALD, L. P. acquired a new stake in Rocket Companies Inc. valued at approximately $1,278,000. HOLOCENE ADVISORS, LP acquired a new stake in RKT for approximately $1,119,000. STRS OHIO purchased a new stake in RKT valued at around $750,000 in the second quarter. In total, there are 313 active investors with 65.20% ownership of the company’s stock.
Rocket Companies Inc. (NYSE: RKT) opened at $9.01 on Thursday. During the past 12 months, Rocket Companies Inc. has had a low of $5.97 and a high of $11.38. The fifty day moving average price for RKT is $8.56 and a two-hundred day moving average price translates $8.15 for the stock.
The latest earnings results from Rocket Companies Inc. (NYSE: RKT) was released for Mar, 2023. According to the Mortgage Finance Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.09 by 0.03. This compares to $0.52 EPS in the same period last year. The net profit margin was -0.60% and return on equity was -4.60% for RKT. The company reported revenue of $666.07 million for the quarter, compared to $2.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -75.06 percent. For the current quarter, analysts expect RKT to generate $962.85M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/22/2022. Investors who held shares on 03/08/2022 were paid a $1.01 dividend.
Rocket Companies Inc.(RKT) Company Profile
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; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a digital, social, and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, a tech-driven, residential solar energy provider; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rocket Central, a professional services organization that provides technology, data, marketing, communication and other services; Rock Connections, a sales and support platform specializing in contact center services; Rocket Innovation Studio that recruits and mentors top technology talent; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.
