R Squared Ltd Purchases New Holdings in Rocket Companies, Inc. $RKT

R Squared Ltd purchased a new stake in shares of Rocket Companies, Inc. (NYSE:RKT) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 18,771 shares of the company’s stock, valued at approximately $266,000.

A number of other large investors also recently bought and sold shares of RKT. GAMMA Investing LLC lifted its position 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 acquiring an additional 1,764 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Rocket Companies during the 1st quarter valued at about $281,000. Mather Group LLC. lifted its position 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 acquiring an additional 1,970 shares during the period. Summit Trail Advisors LLC purchased a new position in Rocket Companies in the first quarter worth about $225,000. Finally, Bank of New York Mellon Corp raised its holdings in Rocket Companies by 148.3% in the first quarter. Bank of New York Mellon Corp now owns 1,163,399 shares of the company’s stock worth $14,042,000 after buying an additional 694,779 shares during the last quarter. 4.59% of the stock is owned by hedge funds and other institutional investors.

Rocket Companies Stock Up 1.6%

RKT opened at $17.89 on Friday. The company has a quick ratio of 18.74, a current ratio of 18.74 and a debt-to-equity ratio of 2.36. The firm has a 50 day moving average price of $18.59 and a 200-day moving average price of $15.48. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.56. The stock has a market capitalization of $37.64 billion, a price-to-earnings ratio of -357.70 and a beta of 2.23.

Rocket Companies (NYSE:RKT) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $0.06 earnings per share. 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 forecast that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group set a $17.00 target price on shares of Rocket Companies and gave the stock a “neutral” rating in a report on Friday, October 10th. Royal Bank Of Canada lifted their target price on shares of Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rocket Companies in a report on Saturday. Wall Street Zen raised shares of Rocket Companies from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Rocket Companies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.12.

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.