Caption Management LLC Invests $809,000 in Rocket Companies, Inc. $RKT

Key Points

• Caption Management LLC acquired 67,000 shares of Rocket Companies, Inc. in the first quarter, valued at approximately $809,000.
• Research firms have increased their target price for Rocket Companies stock to $16.00 and given it a range of ratings from "Strong Buy" to "Sell."
• Rocket Companies reported a 4.5% increase in quarterly revenue year-over-year, reaching $1.36 billion, and exceeded earnings expectations with an EPS of $0.04.

Caption Management LLC bought a new stake in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 67,000 shares of the company's stock, valued at approximately $809,000.

Several other large investors have also bought and sold shares of RKT. Nuveen LLC bought a new position in Rocket Companies during the first quarter valued at about $96,470,000. Wellington Management Group LLP lifted its holdings in shares of Rocket Companies by 174.5% during the fourth quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company's stock valued at $52,980,000 after purchasing an additional 2,990,837 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Rocket Companies by 52.7% during the fourth quarter. Nuveen Asset Management LLC now owns 8,122,148 shares of the company's stock valued at $91,455,000 after purchasing an additional 2,804,090 shares during the last quarter. Boston Partners lifted its holdings in shares of Rocket Companies by 11.3% during the first quarter. Boston Partners now owns 13,704,339 shares of the company's stock valued at $165,421,000 after purchasing an additional 1,390,559 shares during the last quarter. Finally, Azora Capital LP purchased a new stake in shares of Rocket Companies during the first quarter valued at $16,078,000. Institutional investors own 4.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BTIG Research raised Rocket Companies to a "strong-buy" rating in a report on Tuesday, August 19th. Morgan Stanley assumed coverage on Rocket Companies in a report on Thursday, August 14th. They set an "equal weight" rating and a $16.00 target price for the company. The Goldman Sachs Group upped 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 upped their target price on Rocket Companies from $11.50 to $14.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Finally, Wedbush reaffirmed a "neutral" rating and set a $12.00 target price (down from $13.00) on shares of Rocket Companies in a report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.81.

Rocket Companies Stock Up 4.2%

Rocket Companies stock traded up $0.72 during mid-day trading on Wednesday, hitting $17.88. The company's stock had a trading volume of 17,729,353 shares, compared to its average volume of 17,908,388. The firm's 50 day moving average is $16.12 and its 200 day moving average is $14.21. The company has a market cap of $37.62 billion, a PE ratio of -357.56 and a beta of 2.30. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 18.74. Rocket Companies, Inc. has a 52-week low of $10.06 and a 52-week high of $21.38.

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

About Rocket Companies

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.