Rocket Companies, Inc. (NYSE:RKT) Receives Average Rating of “Hold” from Analysts

Rocket Companies, Inc. (NYSE:RKT) has earned an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $17.1154.

A number of analysts have recently issued reports on RKT shares. The Goldman Sachs Group lifted their price target on Rocket Companies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. BTIG Research reaffirmed a “buy” rating and issued a $25.00 price target on shares of Rocket Companies in a research note on Friday, October 10th. Keefe, Bruyette & Woods lifted their price target on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded Rocket Companies from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Zacks Research upgraded Rocket Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th.

Rocket Companies Stock Performance

Shares of NYSE:RKT opened at $17.89 on Friday. 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 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 PE ratio of -357.70 and a beta of 2.23. Rocket Companies has a 1 year low of $10.06 and a 1 year high of $22.56.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 3.18% and a negative net margin of 0.01%.The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Rocket Companies will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Rocket Companies

Large investors have recently added to or reduced their stakes in the stock. North Capital Inc. grew its holdings in Rocket Companies by 287.2% in 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. SouthState Corp grew its holdings in Rocket Companies by 2,044.8% in the 2nd quarter. SouthState Corp now owns 2,059 shares of the company’s stock valued at $29,000 after buying an additional 1,963 shares in the last quarter. Mather Group LLC. grew its holdings in Rocket Companies by 312.2% in the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock valued at $31,000 after buying an additional 1,970 shares in the last quarter. Miller Wealth Advisors LLC grew its holdings in Rocket Companies by 65.0% in the 3rd quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock valued at $32,000 after buying an additional 650 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in Rocket Companies in the 3rd quarter valued at $38,000. 4.59% of the stock is currently owned by hedge funds and other 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.