Rocket Companies Target of Unusually High Options Trading (NYSE:RKT)

Rocket Companies, Inc. (NYSE:RKT) was the target of some unusual options trading activity on Thursday. Stock traders bought 176,534 call options on the stock. This represents an increase of 39% compared to the average volume of 127,374 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Capital Inc. lifted its holdings in shares of Rocket Companies by 287.2% during the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company’s stock valued at $26,000 after acquiring an additional 1,350 shares in the last quarter. SouthState Corp lifted its position in Rocket Companies by 2,044.8% during the 2nd quarter. SouthState Corp now owns 2,059 shares of the company’s stock worth $29,000 after acquiring an additional 1,963 shares in the last quarter. Mather Group LLC. lifted its position 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 acquiring an additional 1,970 shares in the last quarter. Miller Wealth Advisors LLC lifted its position in Rocket Companies by 65.0% during the 3rd quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $32,000 after acquiring an additional 650 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Rocket Companies during the 3rd quarter worth approximately $38,000. 4.59% of the stock is owned by institutional investors and hedge funds.

Rocket Companies Stock Performance

NYSE RKT opened at $15.92 on Friday. The firm has a market capitalization of $33.50 billion, a P/E ratio of -318.40 and a beta of 2.23. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $22.56. 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 simple moving average is $18.52 and its 200-day simple moving average is $15.61.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RKT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rocket Companies in a research note on Wednesday, October 8th. Barclays set a $19.00 target price on shares of Rocket Companies and gave the stock a “cautious” rating in a research report on Monday, October 6th. The Goldman Sachs Group restated a “neutral” rating and set a $22.00 price objective (up previously from $16.00) on shares of Rocket Companies in a report on Wednesday. Jefferies Financial Group raised their price objective on Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. Finally, UBS Group set a $17.00 price target on Rocket Companies and gave the stock a “neutral” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.58.

About Rocket Companies

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.