Vise Technologies Inc. Acquires Shares of 12,077 Rocket Companies, Inc. $RKT

Vise Technologies Inc. bought a new position in shares of Rocket Companies, Inc. (NYSE:RKT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,077 shares of the company’s stock, valued at approximately $171,000.

A number of other institutional investors have also recently modified their holdings of RKT. USS Investment Management Ltd increased its stake in shares of Rocket Companies by 2.7% in the 1st quarter. USS Investment Management Ltd now owns 37,152 shares of the company’s stock valued at $448,000 after purchasing an additional 967 shares in the last quarter. Amundi grew its holdings in Rocket Companies by 3.1% in the first quarter. Amundi now owns 33,416 shares of the company’s stock valued at $403,000 after purchasing an additional 997 shares during the period. Missouri Trust & Investment Co increased its position in shares of Rocket Companies by 1.1% in the second quarter. Missouri Trust & Investment Co now owns 94,395 shares of the company’s stock valued at $1,339,000 after buying an additional 1,000 shares in the last quarter. CWM LLC raised its stake in shares of Rocket Companies by 22.8% during the 1st quarter. CWM LLC now owns 6,702 shares of the company’s stock worth $81,000 after buying an additional 1,243 shares during the period. Finally, North Capital Inc. lifted its position in shares of Rocket Companies by 287.2% during the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company’s stock valued at $26,000 after buying an additional 1,350 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Stock Performance

RKT opened at $17.03 on Wednesday. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.56. The firm has a market capitalization of $35.84 billion, a PE ratio of 212.88 and a beta of 2.21. The company has a current ratio of 19.68, a quick ratio of 19.68 and a debt-to-equity ratio of 2.16. The firm’s 50-day moving average price is $18.02 and its 200 day moving average price is $16.05.

Rocket Companies (NYSE:RKT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. Rocket Companies’s quarterly revenue was up 148.1% on a year-over-year basis. Rocket Companies has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. UBS Group set a $17.00 target price on shares of Rocket Companies and gave the company a “neutral” rating in a research report on Friday, October 10th. Jefferies Financial Group upped their price target on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company raised their price target on shares of Rocket Companies from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rocket Companies in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rocket Companies currently has a consensus rating of “Hold” and an average price target of $18.18.

Insider Activity at Rocket Companies

In related news, Director Matthew Rizik sold 2,500 shares of Rocket Companies stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $17.47, for a total transaction of $43,675.00. Following the transaction, the director owned 1,025,684 shares in the company, valued at approximately $17,918,699.48. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 92.64% of the company’s stock.

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.