In Tuesday’s Wall Street session, Rocket Companies Inc (NYSE:RKT) shares traded at $13.19, down -3.93% from the previous session.
RKT stock price is now 4.09% away from the 50-day moving average and -3.48% away from the 200-day moving average. The market capitalization of the company currently stands at $26.38B.
With the price target maintained at $14, Barclays recently Upgraded its rating from Underweight to Equal Weight for Rocket Companies Inc (NYSE: RKT). On April 02, 2025, Keefe Bruyette Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $14, while ‘Deutsche Bank’ rates the stock as ‘Buy’
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 $9.33 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 $9.33 million. A total of 8.53% 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. As of last week, the company has a debt-to-equity ratio of 25.35, a current ratio of 0.35, and a quick ratio of 0.35.
The net profit margin was 0.06% and return on equity was 0.45% for RKT. The company reported revenue of $1.04 billion for the quarter, compared to $1.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.04 percent.
