State of Wyoming Purchases 7,262 Shares of Rocket Companies, Inc. $RKT

State of Wyoming grew its position in shares of Rocket Companies, Inc. (NYSE:RKT) by 36.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 26,926 shares of the company’s stock after acquiring an additional 7,262 shares during the period. State of Wyoming’s holdings in Rocket Companies were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of RKT. Envestnet Asset Management Inc. increased its position in shares of Rocket Companies by 34.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 22,413 shares of the company’s stock valued at $252,000 after purchasing an additional 5,710 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Rocket Companies by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 247,778 shares of the company’s stock worth $2,790,000 after acquiring an additional 18,169 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Rocket Companies by 461.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 20,384 shares of the company’s stock worth $230,000 after acquiring an additional 16,753 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Rocket Companies by 8.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 81,613 shares of the company’s stock worth $919,000 after acquiring an additional 6,622 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Rocket Companies by 9.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 27,825 shares of the company’s stock worth $313,000 after acquiring an additional 2,437 shares during the last quarter. 4.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RKT has been the topic of several recent research reports. Wedbush restated a “neutral” rating and set a $12.00 price target (down from $13.00) on shares of Rocket Companies in a research report on Friday, May 9th. Morgan Stanley initiated coverage on Rocket Companies in a research report on Thursday, August 14th. They set an “equal weight” rating and a $16.00 price target on the stock. The Goldman Sachs Group raised their price target on Rocket Companies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods raised their price target 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, Barclays raised their price target on Rocket Companies from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.81.

Rocket Companies Price Performance

Shares of RKT stock opened at $17.79 on Tuesday. The firm has a market cap of $37.44 billion, a P/E ratio of -355.80 and a beta of 2.29. Rocket Companies, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $21.38. The business’s 50 day moving average price is $16.00 and its 200-day moving average price is $14.16. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Rocket Companies 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.