Rocket Companies (NYSE:RKT) Now Covered by Oppenheimer

Investment analysts at Oppenheimer began coverage on shares of Rocket Companies (NYSE:RKT) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $25.00 price target on the stock. Oppenheimer’s price target would indicate a potential upside of 43.80% from the company’s previous close.

A number of other analysts have also weighed in on RKT. Barclays set a $19.00 target price on shares of Rocket Companies and gave the stock a “cautious” rating in a report on Monday, October 6th. Wall Street Zen cut shares of Rocket Companies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Morgan Stanley lifted their price objective on Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Keefe, Bruyette & Woods boosted 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, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price target (up previously from $16.00) on shares of Rocket Companies in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.03.

Rocket Companies Stock Performance

Shares of RKT traded down $0.55 during mid-day trading on Thursday, hitting $17.39. The stock had a trading volume of 10,651,701 shares, compared to its average volume of 19,703,604. The business has a fifty day moving average price of $18.27 and a 200-day moving average price of $15.91. Rocket Companies has a 52 week low of $10.06 and a 52 week high of $22.56. The firm has a market cap of $36.59 billion, a P/E ratio of 217.35 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 18.74.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 148.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Rocket Companies has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Rocket Companies will post 0.15 EPS for the current year.

Institutional Trading of Rocket Companies

A number of institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC bought a new stake in Rocket Companies in the 3rd quarter worth $25,000. North Capital Inc. increased its holdings in Rocket Companies by 287.2% during the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company’s stock valued at $26,000 after purchasing an additional 1,350 shares during the period. SouthState Corp lifted its holdings in Rocket Companies by 2,044.8% in the 2nd quarter. SouthState Corp now owns 2,059 shares of the company’s stock worth $29,000 after buying an additional 1,963 shares during the period. Miller Wealth Advisors LLC grew its position in shares of Rocket Companies by 65.0% in the 3rd 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 last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Rocket Companies in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 4.59% of the company’s stock.

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.