Rocket Companies (NYSE:RKT) Raised to Hold at Wall Street Zen

Key Points

• Rocket Companies was upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment toward the stock.
• Despite some analysts raising their price targets, including Bank of America's increase from $21 to $24, the consensus rating remains a "hold" with a price target of $16.65.
• The company's stock was trading down 3.2% at $17.78, showing volatility, as it has fluctuated between a one-year low of $10.06 and a high of $22.56.

Rocket Companies (NYSE:RKT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.

Several other equities research analysts also recently commented on the stock. Bank of America raised shares of Rocket Companies from a "neutral" rating to a "buy" rating and upped their target price for the company from $21.00 to $24.00 in a research note on Wednesday, September 10th. Barclays upped their price target on shares of Rocket Companies from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Weiss Ratings reiterated a "sell (d)" rating on shares of Rocket Companies in a report on Saturday, September 27th. 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. Finally, BTIG Research upgraded shares of Rocket Companies to a "strong-buy" rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $16.65.

Rocket Companies Trading Down 3.2%

NYSE:RKT traded down $0.59 during trading hours on Friday, hitting $17.78. The stock had a trading volume of 191,057,769 shares, compared to its average volume of 33,587,572. Rocket Companies has a one year low of $10.06 and a one year 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. The company has a market cap of $37.42 billion, a price-to-earnings ratio of -355.60 and a beta of 2.23. The business's 50 day moving average is $18.66 and its 200-day moving average is $15.14.

Rocket Companies (NYSE:RKT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business's quarterly revenue was up 4.5% on a year-over-year basis. Rocket Companies has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Rocket Companies will post 0.15 EPS for the current fiscal year.

Institutional Trading of Rocket Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in RKT. Ameriprise Financial Inc. raised its position in Rocket Companies by 29.6% during the fourth quarter. Ameriprise Financial Inc. now owns 20,598 shares of the company's stock worth $232,000 after acquiring an additional 4,708 shares in the last quarter. GAMMA Investing LLC raised its position in Rocket Companies by 2,101.4% during the first quarter. GAMMA Investing LLC now owns 47,133 shares of the company's stock worth $569,000 after acquiring an additional 44,992 shares in the last quarter. Parallel Advisors LLC raised its position in Rocket Companies by 302.2% during the first quarter. Parallel Advisors LLC now owns 2,956 shares of the company's stock worth $36,000 after acquiring an additional 2,221 shares in the last quarter. Rhumbline Advisers raised its position in Rocket Companies by 11.7% during the first quarter. Rhumbline Advisers now owns 146,527 shares of the company's stock worth $1,769,000 after acquiring an additional 15,310 shares in the last quarter. Finally, Wedmont Private Capital bought a new stake in Rocket Companies during the first quarter worth $170,000. 4.59% of the stock is owned by institutional investors.

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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