12,077 Shares in Rocket Companies, Inc. $RKT Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Rocket Companies, Inc. (NYSE:RKT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,077 shares of the company’s stock, valued at approximately $171,000.

Several other hedge funds have also made changes to their positions in RKT. AGF Management Ltd. purchased a new stake in shares of Rocket Companies during the 2nd quarter valued at approximately $3,295,000. First Eagle Investment Management LLC grew its position in Rocket Companies by 5.3% in the second quarter. First Eagle Investment Management LLC now owns 66,716 shares of the company’s stock worth $946,000 after acquiring an additional 3,376 shares during the period. North Capital Inc. increased its stake in Rocket Companies by 287.2% during the second quarter. North Capital Inc. now owns 1,820 shares of the company’s stock worth $26,000 after acquiring an additional 1,350 shares during the last quarter. SouthState Corp raised its position in Rocket Companies by 2,044.8% in the second quarter. SouthState Corp now owns 2,059 shares of the company’s stock valued at $29,000 after purchasing an additional 1,963 shares during the period. Finally, Brooktree Capital Management lifted its stake in shares of Rocket Companies by 4.0% in the 2nd quarter. Brooktree Capital Management now owns 116,565 shares of the company’s stock valued at $1,653,000 after purchasing an additional 4,492 shares during the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Insider Buying and Selling at Rocket Companies

In other news, Director Matthew Rizik sold 2,500 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $17.47, for a total transaction of $43,675.00. Following the sale, the director owned 1,025,684 shares of the company’s stock, valued at approximately $17,918,699.48. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on RKT. Weiss Ratings reissued a “sell (d)” rating on shares of Rocket Companies in a research report on Wednesday, October 8th. Oppenheimer started coverage on shares of Rocket Companies in a research report on Thursday, November 13th. They set an “outperform” rating and a $25.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rocket Companies in a research note on Monday, October 13th. Wall Street Zen cut shares of Rocket Companies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley lifted their target price on shares of Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.18.

Rocket Companies Trading Up 3.7%

NYSE RKT opened at $17.03 on Wednesday. The firm has a 50 day simple moving average of $18.02 and a 200-day simple moving average of $16.05. The company has a debt-to-equity ratio of 2.16, a quick ratio of 19.68 and a current ratio of 19.68. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $22.56. The firm has a market cap of $35.84 billion, a price-to-earnings ratio of 212.88 and a beta of 2.21.

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