Udine Wealth Management Inc. Invests $1.28 Million in Rocket Companies, Inc. $RKT

Udine Wealth Management Inc. acquired a new position in shares of Rocket Companies, Inc. (NYSE:RKT) in the second quarter, Holdings Channel reports. The institutional investor acquired 90,334 shares of the company’s stock, valued at approximately $1,281,000. Rocket Companies comprises about 0.8% of Udine Wealth Management Inc.’s portfolio, making the stock its 29th biggest position.

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its stake in Rocket Companies by 312.2% in the first quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock valued at $31,000 after acquiring an additional 1,970 shares during the period. Brooklyn Investment Group lifted its holdings in Rocket Companies by 251.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $41,000 after acquiring an additional 2,425 shares during the period. GAMMA Investing LLC lifted its holdings in Rocket Companies by 82.4% during the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock worth $47,000 after acquiring an additional 1,764 shares during the period. Signaturefd LLC raised its stake in shares of Rocket Companies by 147.1% in the first quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock valued at $53,000 after buying an additional 2,603 shares during the period. Finally, US Bancorp DE raised its stake in shares of Rocket Companies by 81.6% in the first quarter. US Bancorp DE now owns 6,286 shares of the company’s stock valued at $76,000 after buying an additional 2,824 shares during the period. Institutional investors and hedge funds own 4.59% of the company’s stock.

Rocket Companies Stock Up 0.7%

Shares of NYSE:RKT opened at $16.38 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 firm has a market capitalization of $34.46 billion, a PE ratio of -327.50 and a beta of 2.23. The business has a 50 day simple moving average of $18.78 and a two-hundred day simple moving average of $15.23. 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 quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $1.36 billion during 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%.Rocket Companies’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays set a $19.00 price objective on Rocket Companies and gave the company a “cautious” rating in a research note on Monday, October 6th. Wall Street Zen upgraded Rocket Companies from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group set a $17.00 target price on Rocket Companies and gave the company a “neutral” rating in a research note on Friday. BTIG Research reissued a “buy” rating and issued a $25.00 target price on shares of Rocket Companies in a research note on Friday. Finally, Morgan Stanley increased their price objective on Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $17.12.

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.