Traders Purchase Large Volume of Rocket Companies Call Options (NYSE:RKT)

Rocket Companies, Inc. (NYSE:RKT) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 136,476 call options on the company. This represents an increase of approximately 26% compared to the average volume of 108,160 call options.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Rocket Companies from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, August 5th. UBS Group set a $17.00 price objective on Rocket Companies and gave the company a “neutral” rating in a report on Friday. Royal Bank Of Canada raised their target price on Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rocket Companies in a research report on Wednesday, October 8th. Finally, Barclays set a $19.00 price objective on Rocket Companies and gave the stock a “cautious” rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $17.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. North Capital Inc. lifted its holdings in Rocket Companies by 287.2% in the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company’s stock valued at $26,000 after purchasing an additional 1,350 shares in the last quarter. SouthState Corp raised its position in shares of Rocket Companies by 2,044.8% in the second quarter. SouthState Corp now owns 2,059 shares of the company’s stock valued at $29,000 after buying an additional 1,963 shares during the last quarter. Mather Group LLC. raised its position in shares of Rocket Companies by 312.2% in the first quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock valued at $31,000 after buying an additional 1,970 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Rocket Companies by 251.3% in the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $41,000 after buying an additional 2,425 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Rocket Companies by 82.4% during the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock worth $47,000 after acquiring an additional 1,764 shares during the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Trading Up 2.8%

Shares of NYSE:RKT opened at $16.93 on Wednesday. Rocket Companies has a 1 year low of $10.06 and a 1 year high of $22.56. The firm has a market capitalization of $35.62 billion, a price-to-earnings ratio of -338.50 and a beta of 2.23. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 18.74. The business’s 50 day moving average price is $18.74 and its 200-day moving average price is $15.28.

Rocket Companies (NYSE:RKT) last announced 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. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Rocket Companies will post 0.15 earnings per share for the current fiscal year.

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.