96,010 Shares in Rocket Companies, Inc. $RKT Bought by Baker Chad R

Baker Chad R purchased a new position in shares of Rocket Companies, Inc. (NYSE:RKT) during the 4th quarter, HoldingsChannel reports. The firm purchased 96,010 shares of the company’s stock, valued at approximately $1,926,000.

A number of other hedge funds also recently bought and sold shares of RKT. Cloud Capital Management LLC purchased a new position in shares of Rocket Companies in the 3rd quarter valued at about $25,000. Miller Wealth Advisors LLC increased its stake in shares of Rocket Companies by 65.0% during the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $32,000 after buying an additional 650 shares during the period. Private Capital Management LLC acquired a new stake in Rocket Companies in the third quarter valued at approximately $182,000. Newbridge Financial Services Group Inc. raised its holdings in Rocket Companies by 875.0% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,950 shares of the company’s stock valued at $38,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in Rocket Companies in the third quarter worth approximately $38,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

Rocket Companies Trading Down 2.4%

NYSE RKT opened at $13.95 on Friday. The firm’s fifty day moving average is $17.80 and its two-hundred day moving average is $18.47. Rocket Companies, Inc. has a one year low of $10.94 and a one year high of $24.36. The company has a debt-to-equity ratio of 1.07, a quick ratio of 70.90 and a current ratio of 70.90. The firm has a market cap of $39.33 billion, a PE ratio of -107.28 and a beta of 2.30.

Rocket Companies (NYSE:RKT) last announced its earnings results on Thursday, February 26th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rocket Companies had a negative net margin of 1.02% and a positive return on equity of 3.04%. The business’s quarterly revenue was up 52.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Rocket Companies News Roundup

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Mad Money host Jim Cramer said RKT “represents value,” offering a high-profile endorsement that can support investor interest and buying demand. Jim Cramer on Rocket Companies: “I Think It Represents Value”
• Positive Sentiment: Longer-term bullish research pieces argue RKT has upside among large-caps under $30 and note that some analysts still see meaningful upside, supporting the case for accumulation by value-oriented investors. Rocket Companies (RKT) is One of the Best Large Caps Under $30, Here is Why
• Neutral Sentiment: Valuation/coverage pieces are mixed — some ask whether the post-pullback price is justified and present both upside and downside scenarios, which can keep trading range-bound as investors weigh recovery vs. macro risk. Is Rocket Companies (RKT) Price Justified After Recent Share Pullback?
• Neutral Sentiment: Citizens (JMP) initiated coverage with a Market Perform rating — a neutral signal that may limit near-term analyst-driven buying. Citizens Initiates Coverage of Rocket Companies (RKT) with Market Perform Recommendation
• Negative Sentiment: Redfin (powered by Rocket) reports pending home sales fell 1% y/y and mortgage rates have climbed to a ~3-month high (~6.22%), deterring buyers — a direct headwind to Rocket’s mortgage origination volumes and revenue. Market Jitters Drive Mortgage Rates Up, Sending Some Would-Be Homebuyers to the Sidelines
• Negative Sentiment: Reports show a record share of U.S. home sale agreements fell through in February, increasing cancellations — this reduces closings and pressures Rocket’s revenue, margins and growth expectations tied to transaction volumes. Record Home Cancellations Test Rocket Companies Volumes Margins And Growth Expectations
• Negative Sentiment: Opinion pieces listing reasons to avoid RKT add to negative sentiment and can amplify selling pressure among cautious retail investors. 3 Reasons to Avoid RKT and 1 Stock to Buy Instead

Insiders Place Their Bets

In other Rocket Companies news, Director Matthew Rizik sold 2,500 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $22.99, for a total transaction of $57,475.00. Following the completion of the sale, the director directly owned 1,038,536 shares of the company’s stock, valued at approximately $23,875,942.64. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 10,000 shares of company stock worth $215,700. 92.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group started coverage on shares of Rocket Companies in a report on Friday, December 19th. They set a “buy” rating and a $25.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Rocket Companies in a report on Monday, January 12th. They issued a “neutral” rating and a $24.00 price objective on the stock. Citizens Jmp started coverage on shares of Rocket Companies in a research report on Wednesday. They set a “market perform” rating for the company. Keefe, Bruyette & Woods upgraded shares of Rocket Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $20.00 to $22.00 in a research note on Monday, March 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Rocket Companies in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.80.

About Rocket Companies

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.