Rocket Companies, Inc. $RKT Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its stake in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 66.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,847 shares of the company's stock after selling 141,800 shares during the period. Kingswood Wealth Advisors LLC's holdings in Rocket Companies were worth $1,019,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mather Group LLC. boosted its stake 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 valued at $31,000 after acquiring an additional 1,970 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Rocket Companies by 251.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $41,000 after acquiring an additional 2,425 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Rocket Companies by 82.4% during the first 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 during the last quarter. Signaturefd LLC lifted its position in Rocket Companies by 147.1% during the first quarter. Signaturefd LLC now owns 4,372 shares of the company's stock worth $53,000 after buying an additional 2,603 shares during the period. Finally, US Bancorp DE lifted its position in Rocket Companies by 81.6% during the first quarter. US Bancorp DE now owns 6,286 shares of the company's stock worth $76,000 after buying an additional 2,824 shares during the period. Institutional investors and hedge funds own 4.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays set a $19.00 target price on Rocket Companies and gave the stock a "cautious" rating in a research report on Monday. The Goldman Sachs Group increased their target price on Rocket Companies from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. BTIG Research upgraded Rocket Companies to a "strong-buy" rating in a research report on Tuesday, August 19th. Zacks Research downgraded Rocket Companies from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Finally, Bank of America upgraded Rocket Companies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $21.00 to $24.00 in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.04.

Rocket Companies Stock Performance

Shares of NYSE:RKT opened at $16.23 on Thursday. The company has a market cap of $34.16 billion, a P/E ratio of -324.60 and a beta of 2.23. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $22.56. The business's 50-day simple moving average is $18.75 and its 200 day simple moving average is $15.18.

Rocket Companies (NYSE:RKT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.04 EPS 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 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 company's revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.