The stock of Rocket Companies Inc (NYSE:RKT) last traded at $11.63, up 0.43% from the previous session.
RKT stock price is now -22.22% away from the 50-day moving average and -23.96% away from the 200-day moving average. The market capitalization of the company currently stands at $23.20B.
With the price target reduced from $16 to $11.50, Keefe Bruyette Downgraded its rating from Mkt Perform to Underperform for Rocket Companies Inc (NYSE: RKT). On November 15, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $15, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Rizik Matthew, Director bought 318 shares of the company’s stock on Jun 28 ’24. The stock was bought for $4,385 at an average price of $13.79. Upon completion of the transaction, the Director now directly owns 707,528 shares in the company, valued at $8.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27 ’24, Director Rizik Matthew bought 316 shares of the business’s stock. A total of $4,361 was incurred on buying the stock at an average price of $13.80. This leaves the insider owning 707,210 shares of the company worth $8.22 million. A total of 7.38% of the company’s stock is owned by insiders.
During the past 12 months, Rocket Companies Inc has had a low of $10.87 and a high of $21.38. The fifty day moving average price for RKT is $15.0658 and a two-hundred day moving average price translates $15.29925 for the stock.
The latest earnings results from Rocket Companies Inc (NYSE: RKT) was released for 2024-09-30. The net profit margin was -0.34% and return on equity was -2.39% for RKT. The company reported revenue of $646.95 million for the quarter, compared to $1.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.23 percent.
