Prime Capital Investment Advisors LLC Purchases Shares of 54,040 Rocket Companies, Inc. $RKT

Prime Capital Investment Advisors LLC purchased a new stake in Rocket Companies, Inc. (NYSE:RKT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 54,040 shares of the company’s stock, valued at approximately $1,046,000.

A number of other hedge funds also recently bought and sold shares of the stock. ValueAct Holdings L.P. raised its position in Rocket Companies by 67.9% in the 3rd quarter. ValueAct Holdings L.P. now owns 25,395,627 shares of the company’s stock valued at $492,167,000 after purchasing an additional 10,270,018 shares in the last quarter. Vanguard Group Inc. raised its position in Rocket Companies by 29.5% in the 3rd quarter. Vanguard Group Inc. now owns 22,945,500 shares of the company’s stock valued at $444,684,000 after purchasing an additional 5,226,931 shares in the last quarter. Durable Capital Partners LP acquired a new stake in Rocket Companies in the 3rd quarter valued at about $213,010,000. Wellington Management Group LLP raised its position in Rocket Companies by 30.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,298,220 shares of the company’s stock valued at $122,060,000 after purchasing an additional 1,474,040 shares in the last quarter. Finally, Fred Alger Management LLC raised its position in Rocket Companies by 7,412.6% in the 3rd quarter. Fred Alger Management LLC now owns 6,078,800 shares of the company’s stock valued at $117,807,000 after purchasing an additional 5,997,885 shares in the last quarter. Institutional investors and hedge funds own 4.59% of the company’s stock.

Trending Headlines about Rocket Companies

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

• Positive Sentiment: Strategic growth move — Rocket announced an alliance with Compass to expand U.S. listing inventory and cross‑promote listings across both platforms, which could help Redfin/real‑estate network effects and long‑term revenue diversification if execution succeeds. Rocket And Compass Alliance Puts Growth Plans And Risks In Focus
• Positive Sentiment: Analyst support — Bank of America reiterated a Buy rating with a $19 target, signaling that at least some sell‑side analysts view RKT as undervalued versus company growth and platform scale. BofA reiterates Rocket Cos stock Buy rating at $19 target
• Neutral Sentiment: Industry context — A Zacks piece flags mortgage headwinds from persistent high rates but highlights RKT’s servicing business, diversification and scale as stabilizing factors; this suggests mixed near‑term pressure but structural strengths longer term. Zacks Industry Outlook Highlights Rocket Companies, Federal Agricultural Mortgage and Lending Tree
• Negative Sentiment: Analyst downward moves weighing on sentiment — JPMorgan cut its price target from $24 to $16.50 (Neutral) and Wells Fargo trimmed its target to $17 (Equal Weight); those cuts are cited as a primary reason for today’s share weakness. Why Rocket Companies (RKT) Shares Are Falling Today
• Negative Sentiment: Weak housing signals — Redfin data show a decline in pending home sales and a record share of sellers cutting list prices, underscoring demand softness that could pressure mortgage originations and fees tied to transaction volume. Redfin Reports Pending Home Sales Post Biggest Decline in 3 Months as High Rates, Iran War Chill Market A Record 34% of February Home Sellers Cut Their List Price

Analyst Ratings Changes

A number of research firms have issued reports on RKT. Keefe, Bruyette & Woods raised Rocket Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.00 to $22.00 in a research report on Monday, March 16th. Jefferies Financial Group began coverage on Rocket Companies in a research report on Friday, December 19th. They issued a “buy” rating and a $25.00 price target on the stock. Barclays raised Rocket Companies from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $22.00 to $19.00 in a research report on Monday, April 6th. Citizens Jmp began coverage on Rocket Companies in a research report on Wednesday, March 25th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Rocket Companies in a report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.25.

Rocket Companies Trading Down 0.3%

RKT opened at $14.81 on Monday. Rocket Companies, Inc. has a one year low of $10.94 and a one year high of $24.36. The company has a market cap of $41.75 billion, a P/E ratio of -113.89 and a beta of 2.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 70.90 and a current ratio of 70.90. The business’s 50-day simple moving average is $16.32 and its 200-day simple moving average is $17.97.

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

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.