Rocket Companies, Inc. $RKT Stock Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners cut its Rocket Companies stake by 61.6% in the third quarter, selling 180,830 shares and retaining 112,630 shares valued at approximately $1.3 million. Hedge funds and institutional investors collectively own 4.59% of the stock.
• Rocket shares opened at $11.77, near the lower end of their $10.99–$24.36 52-week range. The company’s latest quarter showed 91.9% year-over-year revenue growth, with earnings per share matching analyst estimates at $0.16.
• Analyst sentiment remains moderately positive, with an average price target of $19.29 and a “Moderate Buy” consensus, though insider selling, a securities class-action lawsuit, and mortgage-market risks add uncertainty.

Venture Visionary Partners LLC trimmed its holdings in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 61.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,630 shares of the company's stock after selling 180,830 shares during the period. Venture Visionary Partners LLC's holdings in Rocket Companies were worth $1,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Rocket Companies during the 2nd quarter worth approximately $164,000. Integrated Wealth Concepts LLC increased its holdings in shares of Rocket Companies by 32.8% in the second quarter. Integrated Wealth Concepts LLC now owns 142,805 shares of the company's stock valued at $2,249,000 after purchasing an additional 35,239 shares during the last quarter. Nykredit A S acquired a new stake in shares of Rocket Companies in the second quarter valued at approximately $2,980,000. Greenland Capital Management LP lifted its position in Rocket Companies by 84.6% during the second quarter. Greenland Capital Management LP now owns 48,000 shares of the company's stock worth $756,000 after buying an additional 22,000 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Rocket Companies during the second quarter worth approximately $113,000. 4.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Rocket Mortgage CEO Jesse Bray sold 225,000 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $13.11, for a total value of $2,949,750.00. Following the sale, the insider directly owned 7,953,027 shares of the company's stock, valued at approximately $104,264,183.97. The trade was a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 450,000 shares of company stock worth $5,687,074 over the last ninety days. Company insiders own 57.68% of the company's stock.

Rocket Companies Price Performance

NYSE:RKT opened at $11.77 on Friday. Rocket Companies, Inc. has a 52 week low of $10.99 and a 52 week high of $24.36. The stock's fifty day moving average is $13.24 and its two-hundred day moving average is $13.96. The company has a market capitalization of $33.32 billion, a P/E ratio of 84.04, a P/E/G ratio of 3.23 and a beta of 2.23. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 1.16.

Rocket Companies (NYSE:RKT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.81 billion. Rocket Companies had a return on equity of 5.13% and a net margin of 4.70%.The company's revenue was up 91.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. Equities analysts expect that Rocket Companies, Inc. will post 0.51 EPS for the current year.

Rocket Companies News Roundup

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

• Positive Sentiment: KBW maintains a Buy rating: KBW reaffirmed its Buy recommendation on Rocket Companies, signaling that the firm continues to see potential upside in the mortgage and real-estate platform following the company’s acquisition of Mr. Cooper. KBW Sticks to Their Buy Rating for Rocket Companies
• Positive Sentiment: Potential housing-cost normalization could support demand: Redfin, which is powered by Rocket, said U.S. housing costs could return to more typical levels within five years if mortgage rates decline to 6% and home-price growth moderates to approximately 2.1%. Improved affordability could eventually support mortgage originations and housing activity, although the forecast is conditional and varies significantly by metropolitan area. Redfin Report: U.S. Housing Costs Could Return to Normal Within 5 Years
• Neutral Sentiment: Visa comparison offers limited direct impact: A report comparing Visa and Rocket Companies focuses on differences between the businesses and does not identify a specific new catalyst for RKT. Visa vs. Rocket Companies Head-To-Head Survey
• Neutral Sentiment: FICO workforce cuts are an indirect industry signal: FICO’s planned job reductions after regulatory changes to mortgage-credit scoring highlight disruption in the mortgage ecosystem, but the report does not indicate a direct financial impact on Rocket. FICO Is Cutting 15% of Its Workforce
• Negative Sentiment: Class-action lawsuit adds legal risk: Girard Sharp announced a securities class action on behalf of former Mr. Cooper shareholders who received Rocket shares in the 2025 merger. The allegations could create legal costs, uncertainty and reputational risk, although they have not been proven. Securities Class Action Notice
• Negative Sentiment: Insider share sale may weigh on confidence: Insider Jesse Bray reportedly sold 92,300 Rocket shares. Insider selling is not necessarily bearish, but it can be viewed negatively by investors when the stock is already trading well below its 52-week high. Rocket Companies Insider Share Sale

Analysts Set New Price Targets

RKT has been the subject of a number of recent research reports. BTIG Research reaffirmed a "neutral" rating on shares of Rocket Companies in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods lowered their price target on shares of Rocket Companies from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Morgan Stanley raised shares of Rocket Companies from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $18.00 to $19.00 in a report on Thursday, July 16th. Benchmark cut their price objective on shares of Rocket Companies from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Rocket Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, August 21st. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.29.

About Rocket Companies

Rocket Companies, Inc is a Detroit-based fintech platform that provides digital financial and real estate services primarily to consumers in the United States. Its operations are centered on helping customers obtain, manage and refinance home loans, while also offering related services across the homeownership and personal finance lifecycle.

The company's principal businesses include Rocket Mortgage, a digital mortgage lender and originator; Rocket Homes, a real estate marketplace and agent-referral platform; Rocket Money, a personal finance application that helps users manage subscriptions, budgets and bills; and Rocket Loans, which provides personal loans.

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