Wealthcare Advisory Partners LLC Has $713,000 Holdings in Rocket Companies, Inc. $RKT

Key Points

• Wealthcare Advisory Partners LLC increased its holdings in Rocket Companies by 76.0%, owning 50,291 shares valued at $713,000 as of the last quarter.
• Rocket Companies reported earnings per share of $0.04 for the recent quarter, surpassing expectations, with revenue of $1.36 billion, up 4.5% year-over-year.
• Analysts have varied ratings on Rocket Companies, with Bank of America upgrading the stock from "neutral" to "buy" and setting a new price target of $24.00.

Wealthcare Advisory Partners LLC grew its holdings in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 76.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,291 shares of the company's stock after purchasing an additional 21,711 shares during the period. Wealthcare Advisory Partners LLC's holdings in Rocket Companies were worth $713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mather Group LLC. grew its position in shares of Rocket Companies by 312.2% during the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company's stock worth $31,000 after purchasing an additional 1,970 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Rocket Companies by 251.3% during the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock worth $41,000 after purchasing an additional 2,425 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Rocket Companies by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company's stock worth $47,000 after purchasing an additional 1,764 shares in the last quarter. Signaturefd LLC grew its position in shares of Rocket Companies by 147.1% during the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company's stock worth $53,000 after purchasing an additional 2,603 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Rocket Companies by 81.6% during the 1st quarter. US Bancorp DE now owns 6,286 shares of the company's stock worth $76,000 after purchasing an additional 2,824 shares in the last quarter. Institutional investors and hedge funds own 4.59% of the company's stock.

Rocket Companies Price Performance

RKT stock opened at $16.23 on Thursday. The company has a fifty day moving average price of $18.75 and a 200-day moving average price of $15.18. The company has a market capitalization of $34.16 billion, a P/E ratio of -324.60 and a beta of 2.23. Rocket Companies, Inc. has a 52-week low of $10.06 and a 52-week high of $22.56. 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 (NYSE:RKT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating 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 negative net margin of 0.01% and a positive return on equity of 3.18%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RKT shares. Weiss Ratings restated a "sell (d)" rating on shares of Rocket Companies in a research report on Wednesday. Bank of America raised shares of Rocket Companies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $21.00 to $24.00 in a report on Wednesday, September 10th. Wall Street Zen raised shares of Rocket Companies from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Barclays set a $19.00 price target on shares of Rocket Companies and gave the stock a "cautious" rating in a report on Monday. Finally, UBS Group set a $16.00 price target on shares of Rocket Companies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.04.

Rocket Companies Company 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.

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