Rocket Companies, Inc. $RKT Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Rocket Companies, Inc. (NYSE:RKT) by 11.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,527 shares of the company’s stock after acquiring an additional 15,310 shares during the quarter. Rhumbline Advisers’ holdings in Rocket Companies were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RKT. Nuveen LLC purchased a new stake in Rocket Companies during the first quarter valued at about $96,470,000. Wellington Management Group LLP lifted its stake in Rocket Companies by 174.5% during the fourth quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company’s stock valued at $52,980,000 after buying an additional 2,990,837 shares in the last quarter. Boston Partners lifted its stake in Rocket Companies by 11.3% during the first quarter. Boston Partners now owns 13,704,339 shares of the company’s stock valued at $165,421,000 after buying an additional 1,390,559 shares in the last quarter. Azora Capital LP acquired a new position in shares of Rocket Companies in the 1st quarter valued at about $16,078,000. Finally, Kodai Capital Management LP acquired a new position in shares of Rocket Companies in the 1st quarter valued at about $8,457,000. 4.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RKT has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on Rocket Companies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Barclays upped their target price on Rocket Companies from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Bank of America upgraded Rocket Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $24.00 in a report on Wednesday, September 10th. UBS Group set a $16.00 price objective on Rocket Companies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Morgan Stanley started coverage on Rocket Companies in a report on Thursday, August 14th. They issued an “equal weight” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.50.

Rocket Companies Stock Performance

NYSE:RKT opened at $21.18 on Friday. Rocket Companies, Inc. has a 1 year low of $10.06 and a 1 year high of $22.56. The firm’s fifty day simple moving average is $17.56 and its 200 day simple moving average is $14.77. The company has a current ratio of 18.74, a quick ratio of 18.74 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $44.57 billion, a PE ratio of -423.60 and a beta of 2.30.

Rocket Companies (NYSE:RKT) last posted its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. Rocket Companies’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Rocket Companies Profile

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.