90,334 Shares in Rocket Companies, Inc. $RKT Bought by Udine Wealth Management Inc.

Key Points

• Udine Wealth Management Inc. acquired 90,334 shares of Rocket Companies, Inc. valued at approximately $1,281,000, making it the fund's 29th biggest position.
• Several institutional investors have significantly increased their stakes in Rocket Companies, with increases of up to 312.2% in the first quarter from Mather Group LLC.
• Analysts have varied outlooks on Rocket Companies, with price targets ranging from $14.00 to $20.00 and an average rating of "Reduce".

Udine Wealth Management Inc. acquired a new position in Rocket Companies, Inc. (NYSE:RKT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 90,334 shares of the company's stock, valued at approximately $1,281,000. Rocket Companies accounts for approximately 0.8% of Udine Wealth Management Inc.'s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in Rocket Companies by 312.2% in 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 period. Brooklyn Investment Group raised its holdings in 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 period. GAMMA Investing LLC grew its stake in Rocket Companies by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company's stock valued at $47,000 after acquiring an additional 1,764 shares in the last quarter. Signaturefd LLC grew its stake in Rocket Companies by 147.1% during the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company's stock valued at $53,000 after acquiring an additional 2,603 shares in the last quarter. Finally, IFP Advisors Inc purchased a new position in Rocket Companies during the 2nd quarter valued at about $86,000. Institutional investors and hedge funds own 4.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Rocket Companies from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. UBS Group set a $17.00 price target on Rocket Companies and gave the stock a "neutral" rating in a report on Friday. Royal Bank Of Canada upped their price target on Rocket Companies from $17.00 to $20.00 and gave the stock a "sector perform" rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on Rocket Companies from $14.00 to $15.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group raised their target price on Rocket Companies from $11.50 to $14.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $17.12.

Rocket Companies Price Performance

Shares of RKT opened at $16.38 on Friday. The company has a current ratio of 18.74, a quick ratio of 18.74 and a debt-to-equity ratio of 2.36. Rocket Companies, Inc. has a 1 year low of $10.06 and a 1 year high of $22.56. The stock has a market cap of $34.46 billion, a P/E ratio of -327.50 and a beta of 2.23. The stock's 50-day moving average price is $18.78 and its two-hundred day moving average price is $15.23.

Rocket Companies (NYSE:RKT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.28 billion. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.Rocket Companies's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Rocket Companies, Inc. will post 0.15 earnings per share for the current 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.

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