Oppenheimer Asset Management Inc. Takes Position in Rocket Companies, Inc. $RKT

Oppenheimer Asset Management Inc. acquired a new stake in shares of Rocket Companies, Inc. (NYSE:RKT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,468 shares of the company’s stock, valued at approximately $163,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mather Group LLC. increased its position in Rocket Companies by 312.2% during the first 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 shares of 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 buying an additional 2,425 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 1,764 shares during the last quarter. TFC Financial Management Inc. acquired a new stake in shares of Rocket Companies during the 2nd quarter worth $57,000. Finally, Signaturefd LLC increased its holdings in shares of 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 buying an additional 2,603 shares during the last quarter. Institutional investors and hedge funds own 4.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RKT shares. 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. Keefe, Bruyette & Woods upped their price target on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Rocket Companies from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Jefferies Financial Group increased their target price on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.58.

Rocket Companies Trading Up 1.5%

RKT opened at $16.91 on Tuesday. The firm has a market capitalization of $35.58 billion, a P/E ratio of 211.34 and a beta of 2.21. The firm’s 50 day moving average is $18.43 and its 200-day moving average is $15.72. Rocket Companies, Inc. has a 52-week low of $10.06 and a 52-week high of $22.56. The company has a quick ratio of 18.74, a current ratio of 19.68 and a debt-to-equity ratio of 2.16.

Rocket Companies (NYSE:RKT) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 148.1% on a year-over-year basis. Rocket Companies has set its Q4 2025 guidance at EPS. Analysts expect that Rocket Companies, Inc. will post 0.15 EPS 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.