Rocket Companies (NYSE:RKT) Earns "Sell (D)" Rating from Weiss Ratings

Rocket Companies (NYSE:RKT - Get Free Report)'s stock had its "sell (d)" rating restated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

RKT has been the topic of several other research reports. Keefe, Bruyette & Woods increased their price target on shares of Rocket Companies from $14.00 to $15.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. BTIG Research raised shares of Rocket Companies to a "strong-buy" rating in a research note on Tuesday, August 19th. Wall Street Zen raised shares of Rocket Companies from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. UBS Group set a $16.00 target price on shares of Rocket Companies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Zacks Research downgraded shares of Rocket Companies from a "hold" rating to a "strong sell" rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.04.

Rocket Companies Stock Down 0.3%

Shares of RKT opened at $16.23 on Wednesday. The firm has a market cap of $34.16 billion, a P/E ratio of -324.60 and a beta of 2.23. Rocket Companies has a 12-month low of $10.06 and a 12-month high of $22.56. The company's 50-day moving average price is $18.75 and its 200 day moving average price is $15.18. The company has a current ratio of 18.74, a quick 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 data 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 analyst estimates of $1.28 billion. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. Rocket Companies's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Rocket Companies will post 0.15 earnings per share for the current year.

Institutional Trading of Rocket Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. North Capital Inc. increased its position in Rocket Companies by 287.2% during the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company's stock worth $26,000 after purchasing an additional 1,350 shares in the last quarter. SouthState Corp boosted its stake in Rocket Companies by 2,044.8% in the 2nd quarter. SouthState Corp now owns 2,059 shares of the company's stock worth $29,000 after buying an additional 1,963 shares during the last quarter. Mather Group LLC. boosted its stake in Rocket Companies by 312.2% in the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company's stock worth $31,000 after buying an additional 1,970 shares during the last quarter. Brooklyn Investment Group boosted its stake in Rocket Companies by 251.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock worth $41,000 after buying an additional 2,425 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Rocket Companies by 18.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,890 shares of the company's stock worth $55,000 after buying an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 4.59% of the company's stock.

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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