The stock of Rocket Companies Inc (NYSE:RKT) last traded at $12.60, up 4.39% from the previous session.
RKT stock price is now -1.05% away from the 50-day moving average and -11.95% away from the 200-day moving average. The market capitalization of the company currently stands at $25.15B.
With the price target maintained at $11.50, UBS recently Upgraded its rating from Sell to Neutral for Rocket Companies Inc (NYSE: RKT). On December 10, 2024, Keefe Bruyette Downgraded its previous ‘Mkt Perform’ rating to ‘Underperform’ on the stock reducing its target price from $16 to quote $11.50, while ‘BofA Securities’ rates the stock as ‘Neutral’
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 $8.91 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 $8.91 million. A total of 9.00% of the company’s stock is owned by insiders.
During the past 12 months, Rocket Companies Inc has had a low of $9.52 and a high of $20.23. According to the stock market information, the enterprise value for the company is $22796773376, which is based on a 74.87 price-to-earnings ratio, a 1.11 price-to-earnings-growth ratio, and a beta of 2.36. The fifty day moving average price for RKT is $13.3208 and a two-hundred day moving average price translates $15.08835 for the stock.
The latest earnings results from Rocket Companies Inc (NYSE: RKT) was released for 2024-12-31. The net profit margin was 0.63% and return on equity was 4.43% for RKT. The company reported revenue of $1.77 billion for the quarter, compared to $693.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 155.03 percent.
