Rocket Companies, Inc. $RKT Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 66.4% in the second quarter, Holdings Channel.com reports. The firm owned 71,847 shares of the company’s stock after selling 141,800 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Rocket Companies were worth $1,019,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. grew its stake in Rocket Companies by 312.2% during the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock valued at $31,000 after purchasing an additional 1,970 shares in the last quarter. Brooklyn Investment Group grew its stake in Rocket Companies by 251.3% during the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $41,000 after purchasing an additional 2,425 shares in the last quarter. GAMMA Investing LLC grew its stake in Rocket Companies by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock valued at $47,000 after purchasing an additional 1,764 shares in the last quarter. Signaturefd LLC grew its stake in Rocket Companies by 147.1% during the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock valued at $53,000 after purchasing an additional 2,603 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Rocket Companies by 81.6% in the 1st quarter. US Bancorp DE now owns 6,286 shares of the company’s stock worth $76,000 after acquiring an additional 2,824 shares in the last quarter. Institutional investors and hedge funds own 4.59% of the company’s stock.

Rocket Companies Trading Down 0.3%

NYSE:RKT opened at $16.23 on Thursday. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $22.56. The firm has a market capitalization of $34.16 billion, a P/E ratio of -324.60 and a beta of 2.23. 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 business has a 50 day simple moving average of $18.75 and a 200 day simple moving average of $15.18.

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, topping analysts’ consensus estimates of $0.03 by $0.01. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Rocket Companies has set its Q3 2025 guidance at EPS. Equities research analysts predict that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

RKT has been the subject of several research reports. UBS Group set a $16.00 target price on Rocket Companies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Bank of America upgraded Rocket Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $24.00 in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rocket Companies in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 5th. Finally, Zacks Research lowered Rocket Companies from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Rocket Companies presently has a consensus rating of “Hold” and an average price target of $17.04.

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.