Rocket Corporations (NYSE:RKT) Given a $8.00 Value Goal at UBS Group

Rocket Corporations (NYSE:RKTGet Score) has been assigned a $8.00 worth goal by equities researchers at UBS Group in a analysis word issued on Wednesday, Inventory Goal Advisor experiences. UBS Group’s worth goal would counsel a possible upside of three.23% from the inventory’s earlier shut.

Plenty of different analysis analysts have additionally not too long ago weighed in on RKT. Wells Fargo & Firm dropped their worth goal on Rocket Corporations from $10.00 to $7.00 and set an “chubby” ranking for the corporate in a analysis report on Friday, November 4th. Piper Sandler dropped their worth goal on Rocket Corporations from $9.00 to $8.00 and set a “impartial” ranking for the corporate in a analysis report on Friday, September thirtieth. Credit score Suisse Group decreased their worth goal on Rocket Corporations to $7.00 in a analysis word on Tuesday, November fifteenth. The Goldman Sachs Group decreased their worth goal on Rocket Corporations from $7.25 to $6.50 and set a “impartial” ranking on the inventory in a analysis word on Monday, November seventh. Lastly, Barclays decreased their worth goal on Rocket Corporations from $7.00 to $5.00 and set an “equal weight” ranking on the inventory in a analysis word on Monday, October seventeenth. Three equities analysis analysts have rated the inventory with a promote ranking, seven have given a maintain ranking and one has issued a purchase ranking to the corporate’s inventory. In accordance with MarketBeat, the corporate presently has a median ranking of “Maintain” and a consensus goal worth of $7.65.

Rocket Corporations Value Efficiency

Shares of RKT inventory traded up $0.37 throughout mid-day buying and selling on Wednesday, reaching $7.75. The inventory had a buying and selling quantity of two,159,635 shares, in comparison with its common quantity of 4,257,551. Rocket Corporations has a 12-month low of $5.97 and a 12-month excessive of $16.65. The corporate has a market cap of $15.27 billion, a P/E ratio of 9.94 and a beta of 1.74. The enterprise has a 50-day easy shifting common of $6.95 and a 200 day easy shifting common of $8.04. The corporate has a present ratio of 11.69, a fast ratio of 11.69 and a debt-to-equity ratio of 1.09.

Insider Transactions at Rocket Corporations

In different information, CEO Jay Farner acquired 24,000 shares of the enterprise’s inventory in a transaction dated Monday, August twenty ninth. The shares have been purchased at a median value of $8.33 per share, for a complete transaction of $199,920.00. Following the acquisition, the chief government officer now immediately owns 3,821,107 shares within the firm, valued at roughly $31,829,821.31. The acquisition was disclosed in a submitting with the SEC, which is out there by means of this hyperlink. Insiders have purchased a complete of 1,009,300 shares of firm inventory value $7,068,115 within the final three months. 94.01% of the inventory is at present owned by firm insiders.

Institutional Traders Weigh In On Rocket Corporations

A number of hedge funds have not too long ago modified their holdings of RKT. Sage Personal Wealth Group LLC elevated its holdings in Rocket Corporations by 11.4% through the 2nd quarter. Sage Personal Wealth Group LLC now owns 10,188 shares of the corporate’s inventory value $75,000 after buying a further 1,041 shares over the past quarter. Northwestern Mutual Wealth Administration Co. elevated its holdings in Rocket Corporations by 16.0% through the 2nd quarter. Northwestern Mutual Wealth Administration Co. now owns 9,037 shares of the corporate’s inventory value $67,000 after buying a further 1,244 shares over the past quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. elevated its holdings in Rocket Corporations by 7.6% through the 1st quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. now owns 17,689 shares of the corporate’s inventory value $197,000 after buying a further 1,250 shares over the past quarter. Grantham Mayo Van Otterloo & Co. LLC elevated its holdings in Rocket Corporations by 7.2% through the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 23,700 shares of the corporate’s inventory value $150,000 after buying a further 1,600 shares over the past quarter. Lastly, Financial institution of Nova Scotia elevated its holdings in Rocket Corporations by 3.3% through the 1st quarter. Financial institution of Nova Scotia now owns 61,090 shares of the corporate’s inventory value $679,000 after buying a further 1,953 shares over the past quarter. 4.16% of the inventory is at present owned by hedge funds and different institutional traders.

About Rocket Corporations

(Get Score)

Rocket Corporations, Inc engages within the tech-driven actual property, mortgage, and e-Commerce companies in the US and Canada. It operates by means of two segments, Direct to Client and Associate Community. The corporate’s options embrace Rocket Mortgage, a mortgage lender; Amrock that gives title insurance coverage, property valuation, and settlement providers; Rocket Houses, a house search platform and actual property agent referral community, which affords technology-enabled providers to help the house shopping for and promoting expertise; Rocket Auto, an automotive retail market that gives centralized and digital automobile gross sales help to on-line automobile buying platforms; and Rocket Loans, an online-based private loans enterprise.

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Analyst Recommendations for Rocket Companies (NYSE:RKT)

This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]

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