Samlyn Capital LLC Acquires Shares of 422,188 Rocket Companies, Inc. $RKT

Key Points

• Samlyn Capital LLC acquired 422,188 shares of Rocket Companies, Inc. valued at approximately $5.1 million, indicating increasing institutional interest in the company.
• Wall Street analysts have set a target price of $16.00 for Rocket Companies, with most rating the stock as "Hold," while the average price target stands at $15.81.
• Despite a challenging financial landscape, Rocket Companies reported a revenue of $1.36 billion last quarter, exceeding analysts' expectations of $1.28 billion, reflecting a year-over-year growth of 4.5%.

Samlyn Capital LLC bought a new stake in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 422,188 shares of the company's stock, valued at approximately $5,096,000.

A number of other large investors have also recently bought and sold shares of the stock. AQR Arbitrage LLC acquired a new stake in Rocket Companies during the 1st quarter valued at $136,000. AQR Capital Management LLC grew its holdings in Rocket Companies by 1,086.5% during the 1st quarter. AQR Capital Management LLC now owns 400,467 shares of the company's stock valued at $4,734,000 after buying an additional 366,716 shares during the last quarter. Amundi grew its holdings in Rocket Companies by 3.1% during the 1st quarter. Amundi now owns 33,416 shares of the company's stock valued at $403,000 after buying an additional 997 shares during the last quarter. Alight Capital Management LP grew its holdings in Rocket Companies by 8.3% during the 1st quarter. Alight Capital Management LP now owns 325,000 shares of the company's stock valued at $3,923,000 after buying an additional 25,000 shares during the last quarter. Finally, TIG Advisors LLC acquired a new stake in Rocket Companies during the 1st quarter valued at $797,000. Institutional investors and hedge funds own 4.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group increased their target price on Rocket Companies from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. 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. UBS Group set a $16.00 price objective on Rocket Companies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. BTIG Research upgraded Rocket Companies to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, Barclays raised their price objective on Rocket Companies from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Rocket Companies has an average rating of "Hold" and an average price target of $16.50.

Rocket Companies Trading Up 2.1%

Rocket Companies stock traded up $0.43 during midday trading on Wednesday, reaching $20.89. The stock had a trading volume of 39,739,331 shares, compared to its average volume of 18,876,844. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.08. The stock has a market capitalization of $43.97 billion, a PE ratio of -417.86 and a beta of 2.30. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. The stock's 50-day simple moving average is $16.58 and its 200 day simple moving average is $14.41.

Rocket Companies (NYSE:RKT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the firm earned $0.06 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Rocket Companies has set its Q3 2025 guidance at EPS. Analysts expect that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Rocket Companies 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.