Sierra Capital LLC Invests $522,000 in Rocket Companies, Inc. $RKT

Sierra Capital LLC bought a new stake in Rocket Companies, Inc. (NYSE:RKT) during the second quarter, HoldingsChannel.com reports. The fund bought 36,847 shares of the company’s stock, valued at approximately $522,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RKT. Nuveen LLC bought a new position in Rocket Companies during the first quarter worth about $96,470,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Rocket Companies in the 2nd quarter worth approximately $44,102,000. Boston Partners lifted its position in shares of Rocket Companies by 11.3% during the 1st quarter. Boston Partners now owns 13,704,339 shares of the company’s stock worth $165,421,000 after buying an additional 1,390,559 shares during the period. Azora Capital LP bought a new position in shares of Rocket Companies during the 1st quarter worth approximately $16,078,000. Finally, Thames Capital Management LLC acquired a new stake in Rocket Companies in the 2nd quarter valued at $10,166,000. Institutional investors own 4.59% of the company’s stock.

Analyst Upgrades and Downgrades

RKT has been the subject of several recent analyst reports. Bank of America upgraded Rocket Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $24.00 in a research note on Wednesday, September 10th. Morgan Stanley increased their target price on shares of Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Wall Street Zen lowered shares of Rocket Companies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Oppenheimer began coverage on shares of Rocket Companies in a report on Thursday. They set an “outperform” rating and a $25.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.18.

Rocket Companies Price Performance

Shares of RKT stock opened at $17.08 on Monday. The firm has a market cap of $35.94 billion, a price-to-earnings ratio of 213.48 and a beta of 2.21. Rocket Companies, Inc. has a 12 month low of $10.06 and a 12 month high of $22.56. The company has a quick ratio of 19.68, a current ratio of 19.68 and a debt-to-equity ratio of 2.16. The stock has a 50-day moving average price of $18.17 and a 200 day moving average price of $16.00.

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

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.