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

Key Points

• Rocket Companies, Inc. has received a consensus rating of "Hold" from 13 analysts, with price targets ranging from a low of $11.50 to a new average target of $16.50.
• Hedge funds have significantly increased their stakes in Rocket Companies, with some firms like North Capital Inc. boosting their holdings by as much as 287.2% in the second quarter.
• The company's latest earnings report showed a 4.5% year-over-year revenue increase, posting $1.36 billion, and exceeding analyst expectations with an EPS of $0.04.

Rocket Companies, Inc. (NYSE:RKT - Get Free Report) has received a consensus rating of "Hold" from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.50.

A number of research analysts have weighed in on the stock. BTIG Research upgraded shares of Rocket Companies to a "strong-buy" rating in a research report on Tuesday, August 19th. Jefferies Financial Group upped their price target on shares of Rocket Companies from $11.50 to $14.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Bank of America raised shares of Rocket Companies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $21.00 to $24.00 in a research note on Wednesday, September 10th. Keefe, Bruyette & Woods boosted their target price on Rocket Companies from $14.00 to $15.00 and gave the company a "market perform" rating in a research report on Tuesday, August 5th. Finally, Barclays increased their price target on Rocket Companies from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st.

Rocket Companies Trading Down 0.7%

Shares of NYSE RKT opened at $19.68 on Wednesday. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $22.56. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 18.74. The business's 50 day moving average is $17.95 and its two-hundred day moving average is $14.88. The stock has a market capitalization of $41.41 billion, a P/E ratio of -393.50 and a beta of 2.29.

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, topping analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $1.36 billion during 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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Rocket Companies will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. North Capital Inc. increased its stake in Rocket Companies by 287.2% in the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company's stock worth $26,000 after buying an additional 1,350 shares during the period. SouthState Corp increased its position in shares of Rocket Companies by 2,044.8% during the second quarter. SouthState Corp now owns 2,059 shares of the company's stock worth $29,000 after acquiring an additional 1,963 shares during the period. Mather Group LLC. grew its stake in Rocket Companies by 312.2% in the first 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. Parallel Advisors LLC increased its holdings in Rocket Companies by 302.2% during the 1st quarter. Parallel Advisors LLC now owns 2,956 shares of the company's stock worth $36,000 after purchasing an additional 2,221 shares during the period. Finally, Brooklyn Investment Group increased its holdings in 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 during the period. 4.59% of the stock is currently owned by institutional investors.

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.

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