18,771 Shares in Rocket Companies, Inc. $RKT Bought by R Squared Ltd

R Squared Ltd bought a new position in Rocket Companies, Inc. (NYSE:RKT) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 18,771 shares of the company’s stock, valued at approximately $266,000.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Rocket Companies in the 1st quarter worth $96,470,000. Allspring Global Investments Holdings LLC bought a new stake in Rocket Companies in the 2nd quarter worth $44,102,000. Boston Partners grew its holdings in Rocket Companies by 11.3% in the 1st quarter. Boston Partners now owns 13,704,339 shares of the company’s stock worth $165,421,000 after acquiring an additional 1,390,559 shares during the last quarter. Azora Capital LP bought a new stake in Rocket Companies in the 1st quarter worth $16,078,000. Finally, Kodai Capital Management LP bought a new stake in Rocket Companies in the 1st quarter worth $8,457,000. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Wall Street Analyst Weigh In

RKT has been the topic of a number of recent analyst reports. Barclays set a $19.00 price target on shares of Rocket Companies and gave the stock a “cautious” rating in a report on Monday, October 6th. Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Royal Bank Of Canada raised their price target on shares of Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Bank of America raised shares of Rocket Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $24.00 in a report on Wednesday, September 10th. Finally, Morgan Stanley lifted their target price on shares of Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rocket Companies has an average rating of “Hold” and an average target price of $17.12.

Rocket Companies Trading Up 1.6%

Shares of RKT opened at $17.89 on Friday. The firm’s 50-day moving average price is $18.59 and its 200-day moving average price is $15.48. The firm has a market capitalization of $37.64 billion, a price-to-earnings ratio of -357.70 and a beta of 2.23. 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, Inc. has a 1-year low of $10.06 and a 1-year high of $22.56.

Rocket Companies (NYSE:RKT) last announced its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current year.

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.