The stock of Rocket Companies Inc (NYSE:RKT) last traded at $14.15, up 4.81% from the previous session.
RKT stock price is now 16.76% away from the 50-day moving average and 35.95% away from the 200-day moving average. The market capitalization of the company currently stands at $1.94B.
With the price target enhanced from $9 to $10, Citigroup Downgraded its rating from Neutral to Sell for Rocket Companies Inc (NYSE: RKT). , while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, Rizik Matthew, Director bought 203 shares of the company’s stock on Mar 20 ’24. The stock was bought for $2,570 at an average price of $12.66. Upon completion of the transaction, the Director now directly owns 691,835 shares in the company, valued at $9.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 19 ’24, Director Rizik Matthew bought 213 shares of the business’s stock. A total of $2,592 was incurred on buying the stock at an average price of $12.17. This leaves the insider owning 691,632 shares of the company worth $9.79 million. A total of 12.65% of the company’s stock is owned by insiders.
During the past 12 months, Rocket Companies Inc has had a low of $7.17 and a high of $15.19. The fifty day moving average price for RKT is $12.15 and a two-hundred day moving average price translates $10.44 for the stock.
The latest earnings results from Rocket Companies Inc (NYSE: RKT) was released for Dec, 2023. According to the Mortgage Finance Company, earnings per share came in at $0, beating analysts’ expectations of -$0.04 by 0.04. This compares to -$0.25 EPS in the same period last year. The net profit margin was -0.43% and return on equity was -2.58% for RKT. The company reported revenue of $693.81 million for the quarter, compared to $480.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.3 percent. For the current quarter, analysts expect RKT to generate $1.03B in revenue.
