Rocket Companies, Inc. $RKT Shares Bought by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in Rocket Companies by 11.7%, holding 146,527 shares worth approximately $1.77 million, demonstrating growing institutional interest in the stock.
• Analysts' ratings** for Rocket Companies are mixed, with a consensus rating of "Hold" and an average price target of **$16.50**, reflecting varying perspectives on the company's performance.
• Despite a slight revenue increase of **4.5%** year-over-year, Rocket Companies reported a negative net margin, highlighting ongoing challenges in their financial performance.

Rhumbline Advisers increased its stake in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 11.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,527 shares of the company's stock after buying an additional 15,310 shares during the quarter. Rhumbline Advisers' holdings in Rocket Companies were worth $1,769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. grew its holdings in shares of Rocket Companies by 312.2% during the first quarter. Mather Group LLC. now owns 2,601 shares of the company's stock worth $31,000 after buying an additional 1,970 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Rocket Companies by 302.2% in the 1st quarter. Parallel Advisors LLC now owns 2,956 shares of the company's stock valued at $36,000 after purchasing an additional 2,221 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Rocket Companies by 251.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $41,000 after purchasing an additional 2,425 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Rocket Companies by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company's stock valued at $47,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Rocket Companies by 147.1% in the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company's stock valued at $53,000 after purchasing an additional 2,603 shares in the last quarter. Hedge funds and other institutional investors own 4.59% of the company's stock.

Rocket Companies Price Performance

Shares of Rocket Companies stock traded down $0.60 during trading on Friday, hitting $20.54. 21,798,493 shares of the company were exchanged, compared to its average volume of 23,354,622. The company has a quick ratio of 18.74, a current ratio of 18.74 and a debt-to-equity ratio of 2.36. Rocket Companies, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $22.56. The stock has a market capitalization of $43.23 billion, a price-to-earnings ratio of -410.80 and a beta of 2.30. The firm has a 50 day moving average price of $17.70 and a 200 day moving average price of $14.82.

Rocket Companies (NYSE:RKT - Get Free Report) last issued 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. 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 during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $0.06 EPS. The company's quarterly revenue was up 4.5% compared to the same quarter last year. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RKT. The Goldman Sachs Group lifted their price objective on Rocket Companies from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods lifted their price objective on Rocket Companies from $14.00 to $15.00 and gave the company a "market perform" rating in a report on Tuesday, August 5th. BTIG Research raised Rocket Companies to a "strong-buy" rating in a report on Tuesday, August 19th. Jefferies Financial Group lifted their price objective on Rocket Companies from $11.50 to $14.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley initiated coverage on shares of Rocket Companies in a research report on Thursday, August 14th. They set an "equal weight" rating and a $16.00 price target for the company. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $16.50.

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.