Rocket Companies (NYSE:RKT) Trading 8.9% Higher – What’s Next?

Rocket Companies, Inc. (NYSE:RKT)’s share price shot up 8.9% on Tuesday . The company traded as high as $19.73 and last traded at $19.7390. 31,154,389 shares were traded during trading, an increase of 53% from the average session volume of 20,384,844 shares. The stock had previously closed at $18.12.

Wall Street Analyst Weigh In

RKT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rocket Companies in a research report on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of Rocket Companies in a research note on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $22.00 price objective (up previously from $16.00) on shares of Rocket Companies in a research report on Wednesday, October 29th. Wells Fargo & Company increased their target price on Rocket Companies from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada raised their target price on Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.18.

Rocket Companies Trading Up 8.3%

The stock has a 50 day moving average of $17.70 and a 200-day moving average of $16.21. The company has a market capitalization of $41.30 billion, a P/E ratio of 245.34 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.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.65 billion. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The company’s revenue for the quarter was up 148.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Rocket Companies has set its Q4 2025 guidance at EPS. On average, research analysts predict that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling at Rocket Companies

In related news, Director Matthew Rizik sold 2,500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $16.70, for a total value of $41,750.00. Following the completion of the transaction, the director owned 1,020,684 shares of the company’s stock, valued at approximately $17,045,422.80. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 92.64% of the company’s stock.

Institutional Investors Weigh In On Rocket Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ValueAct Holdings L.P. boosted its stake in shares of Rocket Companies by 67.9% in the third quarter. ValueAct Holdings L.P. now owns 25,395,627 shares of the company’s stock worth $492,167,000 after acquiring an additional 10,270,018 shares during the period. Vanguard Group Inc. lifted its holdings in Rocket Companies by 29.5% in the 3rd quarter. Vanguard Group Inc. now owns 22,945,500 shares of the company’s stock worth $444,684,000 after purchasing an additional 5,226,931 shares in the last quarter. Boston Partners lifted its holdings in Rocket Companies by 6.2% in the 2nd quarter. Boston Partners now owns 14,560,706 shares of the company’s stock worth $206,610,000 after purchasing an additional 856,367 shares in the last quarter. Durable Capital Partners LP bought a new position in Rocket Companies in the 3rd quarter worth approximately $213,010,000. Finally, Nuveen LLC purchased a new stake in Rocket Companies during the 1st quarter valued at approximately $96,470,000. 4.59% of the stock is owned by 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.