Evergreen Capital Management LLC Takes Position in Rocket Companies, Inc. $RKT

Key Points

• Evergreen Capital Management initiated a position in Rocket Companies in Q4, buying 67,360 shares valued at about $1.30 million.
• Other institutional moves were significant — notably Vanguard added 5,226,931 shares to hold 22,945,500 shares total — and hedge funds/institutions own roughly 4.59% of the stock.
• Analyst sentiment is mixed with a MarketBeat consensus of Hold and a $20.40 target; Rocket recently beat quarterly EPS and revenue (EPS $0.11 vs $0.09 est, revenue $2.44B, +52.2% YoY) but had a negative net margin, and Q1 results are scheduled for May 7.

Evergreen Capital Management LLC bought a new stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 67,360 shares of the company's stock, valued at approximately $1,304,000.

A number of other hedge funds have also made changes to their positions in RKT. Brooktree Capital Management grew its holdings in Rocket Companies by 27.5% during 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 in the last quarter. Cibc World Market Inc. acquired a new stake in Rocket Companies during the 3rd quarter valued at $2,689,000. Udine Wealth Management Inc. grew its holdings in Rocket Companies by 86.1% during the 3rd quarter. Udine Wealth Management Inc. now owns 168,070 shares of the company's stock valued at $3,257,000 after purchasing an additional 77,736 shares in the last quarter. Thames Capital Management LLC grew its holdings in Rocket Companies by 54.3% during the 3rd quarter. Thames Capital Management LLC now owns 1,106,003 shares of the company's stock valued at $21,434,000 after purchasing an additional 389,101 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Rocket Companies by 29.5% during 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. Hedge funds and other institutional investors own 4.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Rocket Companies from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Rocket Companies in a report on Monday, December 29th. Wells Fargo & Company lowered their price target on shares of Rocket Companies from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, April 9th. Barclays raised shares of Rocket Companies from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $22.00 to $19.00 in a report on Monday, April 6th. Finally, Stephens assumed coverage on shares of Rocket Companies in a report on Thursday. They set an "overweight" rating and a $22.50 price target for the company. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $20.40.

Rocket Companies Price Performance

Shares of RKT stock opened at $15.31 on Friday. The firm has a market cap of $43.16 billion, a P/E ratio of -117.73 and a beta of 2.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 70.90 and a quick ratio of 70.90. Rocket Companies, Inc. has a 1-year low of $11.08 and a 1-year high of $24.36. The firm has a fifty day moving average of $15.70 and a two-hundred day moving average of $17.78.

Rocket Companies (NYSE:RKT - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.24 billion. Rocket Companies had a negative net margin of 1.02% and a positive return on equity of 3.04%. The firm's revenue for the quarter was up 52.2% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. As a group, research analysts anticipate that Rocket Companies, Inc. will post 0.66 earnings per share for the current fiscal year.

Key Headlines Impacting Rocket Companies

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

• Positive Sentiment: Redfin reports a rise in new U.S. home listings (+3% YoY for the four weeks ending April 19), which could increase future transaction volume and mortgage origination opportunities for Rocket’s platform if listings convert to sales. More Homeowners Are Putting Up ‘For Sale’ Signs As the Days Get Warmer
• Neutral Sentiment: Rocket announced it will release first-quarter 2026 results on May 7 with a 4:30 p.m. ET conference call — a known catalyst that can spur volatility around the print but is information the market already had time to price in. Investors will focus on origination volumes, Redfin brokerage metrics, and guidance. Rocket Companies to Announce First Quarter 2026 Results on May 7, 2026
• Neutral Sentiment: Redfin analysis showing metro-level buying trends (e.g., Gen Z home-ownership concentration in Salt Lake City) is interesting for long-term demand patterns but is unlikely to move RKT near-term. Salt Lake City Ranks First Among Metros Where Gen Zers Own the Largest Share of 3+ Bedroom Homes
• Negative Sentiment: Redfin/BizWire data show nearly 53,000 U.S. home-purchase contracts fell through in March (13.4% of contracts), a high rate that can depress closings and reduce fee/loan volume for Rocket in the near term if trends persist. More Than 50,000 Home-Purchase Contracts Fell Through in March
• Negative Sentiment: Analyst activity: Wells Fargo recently lowered its price target on RKT to $17 from $19 and kept an Equal Weight rating, signaling tepid analyst sentiment and capping near-term upside until the company demonstrates stronger loan/closing momentum. Here’s What Analysts Think About Rocket Companies (RKT)

Rocket Companies Profile

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.

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