Mirae Asset Global Investments Co. Ltd. Reduces Stock Position in Rocket Companies, Inc. $RKT

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 32.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,468 shares of the company’s stock after selling 7,061 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Rocket Companies were worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mather Group LLC. increased its holdings in Rocket Companies by 312.2% during the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock worth $31,000 after purchasing an additional 1,970 shares during the last quarter. Brooklyn Investment Group increased its holdings in Rocket Companies by 251.3% during the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $41,000 after purchasing an additional 2,425 shares during the last quarter. GAMMA Investing LLC increased its holdings in Rocket Companies by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock worth $47,000 after purchasing an additional 1,764 shares during the last quarter. Signaturefd LLC increased its holdings in Rocket Companies by 147.1% during the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock worth $53,000 after purchasing an additional 2,603 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Rocket Companies by 81.6% during the 1st quarter. US Bancorp DE now owns 6,286 shares of the company’s stock worth $76,000 after purchasing an additional 2,824 shares during the last quarter. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Companies Trading Up 0.7%

NYSE:RKT opened at $16.38 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 18.74. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $22.56. The business has a 50 day simple moving average of $18.78 and a 200 day simple moving average of $15.23. The firm has a market capitalization of $34.46 billion, a P/E ratio of -327.50 and a beta of 2.23.

Rocket Companies (NYSE:RKT) last announced its quarterly 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. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Rocket Companies has set its Q3 2025 guidance at EPS. Equities research analysts predict that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Zacks Research downgraded Rocket Companies from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Barclays set a $19.00 price target on Rocket Companies and gave the company a “cautious” rating in a report on Monday, October 6th. BTIG Research reiterated a “buy” rating and issued a $25.00 price target on shares of Rocket Companies in a report on Friday. Finally, Wall Street Zen upgraded Rocket Companies from a “sell” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $17.12.

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.