21,200 Shares in Rocket Companies, Inc. $RKT Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in Rocket Companies, Inc. (NYSE:RKT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,200 shares of the company’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. USS Investment Management Ltd boosted its position in Rocket Companies by 2.7% during the 1st quarter. USS Investment Management Ltd now owns 37,152 shares of the company’s stock valued at $448,000 after acquiring an additional 967 shares in the last quarter. Amundi boosted its position in Rocket Companies by 3.1% during the 1st quarter. Amundi now owns 33,416 shares of the company’s stock valued at $403,000 after acquiring an additional 997 shares in the last quarter. Missouri Trust & Investment Co boosted its position in Rocket Companies by 1.1% during the 2nd quarter. Missouri Trust & Investment Co now owns 94,395 shares of the company’s stock valued at $1,339,000 after acquiring an additional 1,000 shares in the last quarter. CWM LLC boosted its position in Rocket Companies by 22.8% during the 1st quarter. CWM LLC now owns 6,702 shares of the company’s stock valued at $81,000 after acquiring an additional 1,243 shares in the last quarter. Finally, Brooktree Capital Management boosted its position in Rocket Companies by 1.3% during the 1st quarter. Brooktree Capital Management now owns 112,073 shares of the company’s stock valued at $1,353,000 after acquiring an additional 1,479 shares in the last quarter. Institutional investors own 4.59% of the company’s stock.

Rocket Companies Stock Down 2.0%

RKT stock opened at $15.92 on Friday. The firm has a market cap of $33.50 billion, a PE ratio of -318.40 and a beta of 2.23. 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 firm’s 50 day moving average price is $18.52 and its 200-day moving average price is $15.61. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $22.56.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. The company’s quarterly revenue was up 148.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Rocket Companies has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on RKT. Keefe, Bruyette & Woods increased their price objective on Rocket Companies from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, August 5th. Bank of America upgraded Rocket Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a report on Wednesday, September 10th. Wall Street Zen upgraded Rocket Companies from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Morgan Stanley increased their price objective on Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rocket Companies in a report on Monday, October 13th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.58.

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.