Rocket Companies (NYSE:RKT) Stock Price Up 9.6% – Here’s Why

Shares of Rocket Companies, Inc. (NYSE:RKT) rose 9.6% on Friday . The stock traded as high as $23.16 and last traded at $23.2890. Approximately 26,766,775 shares traded hands during trading, a decline of 13% from the average daily volume of 30,724,816 shares. The stock had previously closed at $21.24.

Trending Headlines about Rocket Companies

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Policy catalyst — Former President Trump floated a roughly $200 billion mortgage bond purchase plan that would likely push mortgage rates lower and directly benefit originators/servicers like Rocket by increasing refinance and purchase activity. This is the primary driver behind the stock’s strength. Stock Market Today, Jan. 9: Rocket Companies Surges After Trump Floats $200 Billion Mortgage Bond Purchase Plan
• Positive Sentiment: Market reaction and media coverage — News outlets reported an immediate pop and after-hours jump tied to the housing-policy pledge, helping feed momentum and investor interest in RKT. Rocket Stock Pops on Trump’s Plans to Buy Mortgage Bonds Rocket Companies (RKT) Stock Jumps After Hours On Trump Housing Market Pledge
• Positive Sentiment: Unusual options activity — Traders bought ~194,624 call options (about +53% vs. average), signaling speculative bullish positioning that can amplify short-term upside if momentum continues. (No article link)
• Neutral Sentiment: Insider activity — Director Matthew Rizik sold 2,500 shares at ~$21.26 (a very small portion of his ~1.05M holding). The sale was disclosed on Form 4; the size suggests routine liquidity rather than a major red flag. SEC Form 4 — Rizik sale
• Negative Sentiment: Valuation and profitability risk — Rocket trades at a very elevated P/E and still shows a negative net margin despite rapid revenue growth; those fundamentals could limit sustained upside if mortgage-rate relief fails to materialize or policy plans stall. RKT profile and financials

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Oppenheimer started coverage on shares of Rocket Companies in a research note on Thursday, November 13th. They set an “outperform” rating and a $25.00 price objective on the stock. Barclays set a $22.00 price target on shares of Rocket Companies and gave the company an “equal weight” rating in a research report on Tuesday. Jefferies Financial Group assumed coverage on shares of Rocket Companies in a research report on Friday, December 19th. They issued a “buy” rating and a $25.00 price objective for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Rocket Companies in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods lifted their price target on Rocket Companies from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.54.

Rocket Companies Trading Up 9.6%

The company’s fifty day simple moving average is $18.77 and its 200-day simple moving average is $17.74. The firm has a market capitalization of $49.00 billion, a PE ratio of 291.10 and a beta of 2.29. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 19.68.

Rocket Companies (NYSE:RKT) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share 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 $1.78 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue for the quarter was up 148.1% on a year-over-year basis. As a group, sell-side analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Companies

In related news, Director Matthew Rizik sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $19.44, for a total transaction of $48,600.00. Following the completion of the sale, the director directly owned 1,066,036 shares in the company, valued at approximately $20,723,739.84. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 35,000 shares of company stock valued at $665,000 in the last quarter. Company insiders own 92.64% of the company’s stock.

Institutional Investors Weigh In On Rocket Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in RKT. SG Americas Securities LLC raised its position in shares of Rocket Companies by 226.9% in the fourth quarter. SG Americas Securities LLC now owns 179,436 shares of the company’s stock valued at $3,474,000 after buying an additional 124,549 shares during the last quarter. Wedmont Private Capital raised its holdings in Rocket Companies by 6.4% in the 4th quarter. Wedmont Private Capital now owns 23,303 shares of the company’s stock valued at $496,000 after acquiring an additional 1,399 shares during the last quarter. Nordea Investment Management AB purchased a new position in Rocket Companies in the 4th quarter worth approximately $1,916,000. MassMutual Private Wealth & Trust FSB lifted its stake in Rocket Companies by 12,104.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 42,717 shares of the company’s stock worth $827,000 after purchasing an additional 42,367 shares in the last quarter. Finally, MFG Wealth Management Inc. boosted its holdings in shares of Rocket Companies by 27.7% during the 4th quarter. MFG Wealth Management Inc. now owns 188,970 shares of the company’s stock worth $3,658,000 after purchasing an additional 40,981 shares during the last quarter. Institutional investors and hedge funds own 4.59% of the company’s stock.

About Rocket Companies

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.