Wall Street Zen Upgrades Rocket Companies (NYSE:RKT) to “Hold”

Rocket Companies (NYSE:RKT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also recently issued reports on RKT. Keefe, Bruyette & Woods lifted their target price on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, August 5th. Morgan Stanley lifted their target price on Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Weiss Ratings restated a “sell (d)” rating on shares of Rocket Companies in a report on Saturday, September 27th. Bank of America upgraded Rocket Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $24.00 in a report on Wednesday, September 10th. Finally, BTIG Research upgraded Rocket Companies to a “strong-buy” rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.65.

Rocket Companies Stock Down 3.2%

RKT opened at $17.78 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. The company has a market capitalization of $37.42 billion, a PE ratio of -355.60 and a beta of 2.23. The stock’s fifty day moving average is $18.66 and its 200-day moving average is $15.14. Rocket Companies has a one year low of $10.06 and a one year high of $22.56.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RKT. Bank of New York Mellon Corp grew its stake in Rocket Companies by 148.3% in the first quarter. Bank of New York Mellon Corp now owns 1,163,399 shares of the company’s stock valued at $14,042,000 after purchasing an additional 694,779 shares in the last quarter. Lincoln Capital Corp grew its stake in Rocket Companies by 304.1% in the second quarter. Lincoln Capital Corp now owns 270,614 shares of the company’s stock valued at $3,837,000 after purchasing an additional 203,639 shares in the last quarter. Woodline Partners LP purchased a new position in Rocket Companies in the first quarter valued at about $5,381,000. Charles Schwab Investment Management Inc. grew its stake in Rocket Companies by 8.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,266,399 shares of the company’s stock valued at $15,285,000 after purchasing an additional 103,156 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in Rocket Companies in the first quarter valued at about $310,000. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Company 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.