Rocket Companies, Inc. (NYSE:RKT) Given Average Rating of "Hold" by Brokerages

Key Points

• Rocket Companies, Inc. has been given an average rating of "Hold" by 15 analysts, with three rating it sell, nine hold, and three buy.
• The stock's average 1-year price target is set at $17.1154, with recent upgrades from analysts including Bank of America raising its price target to $24.00.
• Rocket Companies reported earnings of $0.04 per share for the last quarter, exceeding estimates, alongside a revenue of $1.36 billion, representing a 4.5% year-over-year increase.

Shares of Rocket Companies, Inc. (NYSE:RKT - Get Free Report) have received an average recommendation of "Hold" from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.1154.

Several equities analysts recently issued reports on RKT shares. Morgan Stanley boosted their price target on Rocket Companies from $16.00 to $18.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. Weiss Ratings restated a "sell (d)" rating on shares of Rocket Companies in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rocket Companies in a research report on Monday, October 13th. Bank of America upgraded Rocket Companies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $21.00 to $24.00 in a research report on Wednesday, September 10th. Finally, Zacks Research upgraded Rocket Companies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 14th.

Hedge Funds Weigh In On Rocket Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in RKT. Nuveen LLC acquired a new position in Rocket Companies during the 1st quarter worth approximately $96,470,000. Third Point LLC acquired a new position in Rocket Companies during the 2nd quarter worth approximately $67,355,000. Broad Bay Capital Management LP acquired a new position in Rocket Companies during the 2nd quarter worth approximately $51,585,000. Allspring Global Investments Holdings LLC acquired a new position in Rocket Companies during the 2nd quarter worth approximately $44,102,000. Finally, Maple Rock Capital Partners Inc. acquired a new position in Rocket Companies during the 2nd quarter worth approximately $32,984,000. Institutional investors and hedge funds own 4.59% of the company's stock.

Rocket Companies Stock Performance

Shares of RKT stock opened at $16.65 on Friday. The stock has a market capitalization of $35.04 billion, a PE ratio of -333.04 and a beta of 2.23. Rocket Companies has a 52-week low of $10.06 and a 52-week high of $22.56. The stock's 50-day moving average price is $18.69 and its 200 day moving average price is $15.36. 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 (NYSE:RKT - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $1.28 billion. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Rocket Companies will post 0.15 EPS for the current year.

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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