Rocket Companies (NYSE:RKT) Earns “Buy” Rating from BTIG Research

Rocket Companies (NYSE:RKT)‘s stock had its “buy” rating restated by equities research analysts at BTIG Research in a research note issued on Wednesday,Benzinga reports. They presently have a $25.00 price target on the stock. BTIG Research’s price target indicates a potential upside of 46.10% from the stock’s current price.

RKT has been the topic of several other reports. Weiss Ratings restated a “sell (d)” rating on shares of Rocket Companies in a research report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 price objective (up from $16.00) on shares of Rocket Companies in a report on Wednesday, October 29th. Barclays set a $19.00 target price on shares of Rocket Companies and gave the stock a “cautious” rating in a research report on Monday, October 6th. Jefferies Financial Group lifted their price target on Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a research note on Tuesday, July 22nd. Finally, UBS Group set a $17.00 price objective on Rocket Companies and gave the company a “neutral” rating in a report on Friday, October 10th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rocket Companies presently has a consensus rating of “Hold” and a consensus target price of $18.18.

Rocket Companies Price Performance

NYSE:RKT traded up $0.14 during trading hours on Wednesday, hitting $17.11. The stock had a trading volume of 3,661,683 shares, compared to its average volume of 19,921,428. The company has a 50 day simple moving average of $18.02 and a two-hundred day simple moving average of $16.05. The firm has a market capitalization of $36.01 billion, a price-to-earnings ratio of 214.13 and a beta of 2.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 19.68. Rocket Companies has a one year low of $10.06 and a one year high of $22.56.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $0.08 earnings per share. The firm’s revenue was up 148.1% compared to the same quarter last year. Rocket Companies has set its Q4 2025 guidance at EPS. Research analysts forecast that Rocket Companies will post 0.15 earnings per share for the current fiscal year.

Insider Transactions at Rocket Companies

In other news, Director Matthew Rizik sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $17.47, for a total transaction of $43,675.00. Following the completion of the transaction, the director directly owned 1,025,684 shares of the company’s stock, valued at approximately $17,918,699.48. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 92.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rocket Companies

A number of large investors have recently made changes to their positions in the business. ValueAct Holdings L.P. raised its holdings in shares of Rocket Companies by 67.9% during the third quarter. ValueAct Holdings L.P. now owns 25,395,627 shares of the company’s stock valued at $492,167,000 after acquiring an additional 10,270,018 shares in the last quarter. Vanguard Group Inc. increased its position in Rocket Companies by 29.5% during the 3rd quarter. Vanguard Group Inc. now owns 22,945,500 shares of the company’s stock valued at $444,684,000 after purchasing an additional 5,226,931 shares during the period. Boston Partners raised 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 purchased a new stake in shares of Rocket Companies in the 3rd quarter worth about $213,010,000. Finally, Nuveen LLC purchased a new stake in shares of Rocket Companies in the 1st quarter worth about $96,470,000. 4.59% of the stock is currently owned by institutional investors.

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.