Rocket Companies (NYSE:RKT) Now Covered by Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of Rocket Companies (NYSE:RKT) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a market perform rating on the stock.

Several other brokerages have also recently weighed in on RKT. Barclays set a $22.00 price target on shares of Rocket Companies and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. assumed coverage on shares of Rocket Companies in a report on Monday, January 12th. They set a “neutral” rating and a $24.00 target price for the company. Compass Point started coverage on shares of Rocket Companies in a research report on Tuesday, March 10th. They issued a “buy” rating and a $21.00 target price for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Rocket Companies in a research note on Monday, December 29th. Finally, Jefferies Financial Group started coverage on shares of Rocket Companies in a research report on Friday, December 19th. They set a “buy” rating and a $25.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.80.

Rocket Companies Stock Performance

Shares of Rocket Companies stock opened at $14.30 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 70.90 and a quick ratio of 70.90. The firm has a market cap of $40.33 billion, a price-to-earnings ratio of -110.03 and a beta of 2.30. The stock’s 50-day moving average is $17.98 and its 200-day moving average is $18.50. Rocket Companies has a one year low of $10.94 and a one year high of $24.36.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rocket Companies had a positive return on equity of 3.04% and a negative net margin of 1.02%.Rocket Companies’s quarterly revenue was up 52.2% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. Equities analysts predict that Rocket Companies will post 0.15 earnings per share for the current fiscal year.

Insider Transactions at Rocket Companies

In other Rocket Companies news, Director Matthew Rizik sold 2,500 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $22.99, for a total transaction of $57,475.00. Following the sale, the director directly owned 1,038,536 shares of the company’s stock, valued at approximately $23,875,942.64. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 12,500 shares of company stock worth $264,150 over the last 90 days. Corporate insiders own 92.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Brooktree Capital Management grew its position in Rocket Companies by 27.5% in the 3rd quarter. Brooktree Capital Management now owns 148,653 shares of the company’s stock valued at $2,881,000 after purchasing an additional 32,088 shares during the period. Cibc World Market Inc. acquired a new position in Rocket Companies during the third quarter worth $2,689,000. Udine Wealth Management Inc. lifted its stake in shares of Rocket Companies by 86.1% in the third quarter. Udine Wealth Management Inc. now owns 168,070 shares of the company’s stock valued at $3,257,000 after buying an additional 77,736 shares in the last quarter. Thames Capital Management LLC grew its holdings in shares of Rocket Companies by 54.3% during the third quarter. Thames Capital Management LLC now owns 1,106,003 shares of the company’s stock valued at $21,434,000 after buying an additional 389,101 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Rocket Companies by 1,330.4% during the second quarter. Russell Investments Group Ltd. now owns 197,393 shares of the company’s stock worth $2,799,000 after acquiring an additional 183,593 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies News Summary

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

• Positive Sentiment: Jim Cramer called RKT a value idea and defended the stock after a listener pointed to good recent earnings — his endorsement can drive retail interest and short-term buying. Jim Cramer on Rocket Companies: “I Think It Represents Value”
• Neutral Sentiment: Citizens (JMP) initiated coverage with a Market Perform rating — a neutral signal that suggests no near-term conviction to upgrade catalysts; it may limit upside from institutional flows. Citizens Initiates Coverage of Rocket Companies (RKT) with Market Perform Recommendation
• Neutral Sentiment: Analyst/media list pieces that group RKT with other growth names (one article flags growth vs. sustainability tradeoffs) — useful for framing longer‑term thesis but not immediate catalysts. 2 Growth Stocks Set to Flourishand 1 Facing Challenges
• Negative Sentiment: A headline piece lists “3 Reasons to Avoid RKT,” amplifying bearish retail sentiment and potentially increasing selling pressure from cautious investors. 3 Reasons to Avoid RKT and 1 Stock to Buy Instead
• Negative Sentiment: New Redfin data (powered by Rocket) shows U.S. home prices barely budged and a record-high February share of home-sale agreements falling through — indicators of housing-market softness that could pressure mortgage origination volumes and margins for Rocket. U.S. Home Prices Barely Budged in February Redfin Reports 14% of Home-Sale Agreements Fell Through Last Month—A Record for February

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.