Vawter Financial Ltd. purchased a new stake in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 63,625 shares of the company's stock, valued at approximately $716,000.
A number of other large investors have also recently bought and sold shares of RKT. State Street Corp lifted its position in shares of Rocket Companies by 44.7% during the 3rd quarter. State Street Corp now owns 4,108,189 shares of the company's stock valued at $78,836,000 after acquiring an additional 1,269,795 shares during the period. Geode Capital Management LLC raised its holdings in shares of Rocket Companies by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,043,975 shares of the company's stock valued at $39,235,000 after purchasing an additional 12,735 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Rocket Companies by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,040,709 shares of the company's stock valued at $19,971,000 after purchasing an additional 72,308 shares during the period. Philip James Wealth Mangement LLC bought a new position in shares of Rocket Companies during the 3rd quarter worth about $6,811,000. Finally, Tidal Investments LLC grew its stake in shares of Rocket Companies by 804.3% in the 3rd quarter. Tidal Investments LLC now owns 315,764 shares of the company's stock valued at $6,060,000 after buying an additional 280,847 shares during the period. 4.59% of the stock is currently owned by institutional investors and hedge funds.
Rocket Companies Stock Performance
Shares of NYSE RKT traded up $0.61 during midday trading on Friday, reaching $13.34. The company's stock had a trading volume of 5,326,793 shares, compared to its average volume of 3,120,292. The stock has a market capitalization of $26.60 billion, a P/E ratio of -83.34 and a beta of 2.43. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47. The firm has a 50 day moving average price of $11.89 and a 200-day moving average price of $15.35. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $21.38.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Piper Sandler dropped their price target on Rocket Companies from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. JPMorgan Chase & Co. cut their target price on Rocket Companies from $14.00 to $10.50 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group decreased their price target on shares of Rocket Companies from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Rocket Companies from $11.50 to $10.50 and set an "underperform" rating on the stock in a research note on Friday, January 3rd. Finally, Wedbush reiterated a "neutral" rating and set a $13.00 price objective (down from $18.00) on shares of Rocket Companies in a report on Wednesday, November 13th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $13.50.
Check Out Our Latest Research Report on RKT
About Rocket Companies
(
Free Report)
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; and Rocket Loans, an online-based personal loans business.
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