<div id="readability-page-1"><p>Bank of America Corp DE lessened its stake in  Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm owned 224,311 shares of the biotechnology company's stock after selling 181,848 shares during the quarter. Bank of America Corp DE owned 0.25% of Rocket Pharmaceuticals worth $2,820,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Rocket Pharmaceuticals</strong> alerts:</span></p></div><ul><li>3 Small-Cap Stocks That Are Ready to Rocket Higher</li></ul><p>Other institutional investors and hedge funds have also modified their holdings of the company. Jennison Associates LLC increased its stake in shares of  Rocket Pharmaceuticals by 72.6% in the 4th quarter. Jennison Associates LLC now owns 70,304 shares of the biotechnology company's stock valued at $884,000 after purchasing an additional 29,564 shares in the last quarter.  Sovran Advisors LLC purchased a new position in shares of  Rocket Pharmaceuticals in the 4th quarter valued at about $1,895,000.  Raymond James Financial Inc. purchased a new position in shares of  Rocket Pharmaceuticals in the 4th quarter valued at about $285,000.  Strategic Financial Concepts LLC purchased a new stake in  Rocket Pharmaceuticals during the 4th quarter worth approximately $141,000.  Finally, Charles Schwab Investment Management Inc. increased its stake in  Rocket Pharmaceuticals by 15.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 656,090 shares of the biotechnology company's stock worth $8,247,000 after buying an additional 86,276 shares in the last quarter. Institutional investors and hedge funds own  98.39% of the company's stock. </p><h2>Rocket Pharmaceuticals Trading Down 5.3%</h2><p>Shares of RCKT opened at $2.48 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.05 and a quick ratio of 6.05. The firm has a 50 day simple moving average of $6.20 and a 200-day simple moving average of $9.45. Rocket Pharmaceuticals, Inc. has a 1-year low of $2.19 and a 1-year high of $26.98. The stock has a market cap of $264.83 million, a price-to-earnings ratio of -0.90 and a beta of 1.02. </p><p>Rocket Pharmaceuticals (NASDAQ:RCKT - Get Free Report) last released its earnings results on Tuesday, May 13th. The biotechnology company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.02. During the same quarter in the previous year, the firm earned ($0.66) earnings per share.  Equities analysts forecast that  Rocket Pharmaceuticals, Inc. will post -2.83 EPS for the current fiscal year. </p><h2>Insider Activity</h2><p>In related news, CEO Gaurav Shah bought 20,000 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was bought at an average price of $5.08 per share, with a total value of $101,600.00. Following the transaction, the chief executive officer now owns 792,680 shares of the company's stock, valued at approximately $4,026,814.40. This trade represents a 2.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Aaron Ondrey sold 7,489 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $5.29, for a total transaction of $39,616.81. Following the completion of the sale, the chief financial officer now directly owns 129,650 shares of the company's stock, valued at $685,848.50. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own  24.76% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>A number of research firms have recently issued reports on RCKT. BMO Capital Markets dropped their price target on Rocket Pharmaceuticals from $30.00 to $8.00 and set an &#34;outperform&#34; rating for the company in a research report on Wednesday. Wedbush  reiterated an &#34;outperform&#34; rating and issued a $32.00 price objective on shares of Rocket Pharmaceuticals in a research note on Friday, May 16th. The Goldman Sachs Group lowered Rocket Pharmaceuticals from a &#34;neutral&#34; rating to a &#34;sell&#34; rating in a report on Wednesday. Canaccord Genuity Group dropped their price objective on Rocket Pharmaceuticals from $36.00 to $34.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, May 12th. Finally, Morgan Stanley  reiterated an &#34;equal weight&#34; rating and set a $7.00 target price on shares of Rocket Pharmaceuticals in a research note on Wednesday. One investment analyst  has rated the stock with a sell rating, eight have issued  a hold rating and nine have assigned  a buy rating to the company's stock. According to MarketBeat, Rocket Pharmaceuticals currently has a consensus rating of &#34;Hold&#34; and a consensus target price of $21.21.</p><p><b>Get Our Latest Stock Analysis on RCKT</b></p><h2>About Rocket Pharmaceuticals</h2> (Free Report)<p>Rocket Pharmaceuticals, Inc, together with its subsidiaries, operates as a late-stage biotechnology company that focuses on developing gene therapies for rare and devastating diseases. It has three clinical-stage ex vivo lentiviral vector programs for fanconi anemia, a genetic defect in the bone marrow that reduces production of blood cells or promotes the production of faulty blood cells; leukocyte adhesion deficiency-I, a genetic disorder that causes the immune system to malfunction; and pyruvate kinase deficiency, a rare red blood cell autosomal recessive disorder that results in chronic non-spherocytic hemolytic anemia.</p><h2>Read More</h2><ul><li>Five stocks we like better than Rocket Pharmaceuticals</li><li>How to Invest in Blue Chip Stocks</li><li>Near 52-Week Lows, These 3 Mid-Cap Stocks Are Worth a Look</li><li>What is Forex and How Does it Work? </li><li>3 Overlooked Dividend Plays for Income in Volatile Times</li><li>TSX Venture Exchange (Formerly Canadian Venture Exchange)</li><li>AXON: Competition Intensifies as Motorola Makes $4.4B Acquisition</li></ul><p><strong>Want to see what other hedge funds are holding RCKT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UkNLVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UkNLVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rocket Pharmaceuticals Right Now?</h2><p>Before you consider Rocket Pharmaceuticals, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rocket Pharmaceuticals wasn't on the list.</p><p>While Rocket Pharmaceuticals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

RCKT

<p>Bank of America Corp DE reduced its stake in Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) by 44.8% in Q4, now owning 224,311 shares valued at $2.82 million. Other institutional investors also adjusted their holdings. RCKT shares fell 5.3% to $2.48, with a market cap of $264.83 million. The company reported a quarterly EPS of ($0.56), beating estimates. Analysts have varied price targets, with BMO lowering it to $8.00 and Wedbush maintaining $32.00. Insider trading included CEO Gaurav Shah purchasing 20,000 shares.</p>

- Bank of America Corp DE reduced its stake in Rocket Pharmaceuticals by 44.8% in the 4th quarter, owning 224,311 shares valued at $2,820,000.  
- Other institutional investors, including Jennison Associates LLC and Charles Schwab Investment Management Inc., modified their holdings, with Jennison increasing its stake by 72.6%.  
- Rocket Pharmaceuticals has a market cap of $264.83 million and reported an EPS of ($0.56), exceeding estimates, while analysts maintain a consensus rating of "Hold" with a target price of $21.21.

Market Beat

Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) Shares Sold by Bank of America Corp DE