Rocket Companies, Inc. $RKT Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its position in shares of Rocket Companies, Inc. (NYSE:RKT) by 234.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 554,701 shares of the company’s stock after acquiring an additional 388,839 shares during the period. Wealthfront Advisers LLC’s holdings in Rocket Companies were worth $7,866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. grew its holdings in Rocket Companies by 312.2% during the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock worth $31,000 after acquiring an additional 1,970 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Rocket Companies by 251.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $41,000 after buying an additional 2,425 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rocket Companies by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock valued at $47,000 after buying an additional 1,764 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Rocket Companies by 147.1% in the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock valued at $53,000 after buying an additional 2,603 shares in the last quarter. Finally, TFC Financial Management Inc. acquired a new position in shares of Rocket Companies in the 2nd quarter valued at $57,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays set a $19.00 target price on shares of Rocket Companies and gave the company a “cautious” rating in a report on Monday, October 6th. Royal Bank Of Canada upped their target price on shares of Rocket Companies from $17.00 to $20.00 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rocket Companies in a report on Monday, October 13th. UBS Group set a $17.00 target price on shares of Rocket Companies and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group increased their price target on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a research note on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.12.

Rocket Companies Stock Up 1.8%

Shares of Rocket Companies stock opened at $18.20 on Tuesday. The company has a market cap of $38.30 billion, a P/E ratio of -363.94 and a beta of 2.23. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $22.56. The firm has a fifty day moving average of $18.60 and a two-hundred day moving average of $15.54.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. Rocket Companies’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. On average, analysts forecast that Rocket Companies, Inc. will post 0.15 earnings per share 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.