Compass Rose Asset Management LP Makes New $15.53 Million Investment in Rocket Companies, Inc. $RKT

Compass Rose Asset Management LP bought a new stake in shares of Rocket Companies, Inc. (NYSE:RKT) in the first quarter, HoldingsChannel reports. The institutional investor bought 1,090,000 shares of the company’s stock, valued at approximately $15,532,000. Rocket Companies accounts for approximately 1.2% of Compass Rose Asset Management LP’s portfolio, making the stock its 7th largest position.

Several other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Rocket Companies during the 4th quarter worth $26,000. Acumen Wealth Advisors LLC purchased a new position in shares of Rocket Companies during the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. raised its holdings in shares of Rocket Companies by 369.7% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,503 shares of the company’s stock valued at $29,000 after acquiring an additional 1,183 shares in the last quarter. City State Bank bought a new stake in shares of Rocket Companies in the fourth quarter valued at about $30,000. Finally, Smithfield Trust Co purchased a new stake in Rocket Companies in the fourth quarter worth about $32,000. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RKT. Keefe, Bruyette & Woods dropped their price objective on shares of Rocket Companies from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Barclays reduced their price target on Rocket Companies from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Zacks Research raised Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Stephens assumed coverage on Rocket Companies in a research note on Thursday, April 23rd. They issued an “overweight” rating and a $22.50 target price on the stock. Finally, Morgan Stanley upgraded shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $19.00 in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Rocket Companies has a consensus rating of “Moderate Buy” and an average target price of $20.73.

Rocket Companies Stock Performance

Shares of RKT stock opened at $12.79 on Friday. The business’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $16.10. The company has a market cap of $36.18 billion, a PE ratio of 255.72 and a beta of 2.16. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.13. Rocket Companies, Inc. has a 12-month low of $12.17 and a 12-month high of $24.36.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Rocket Companies had a return on equity of 4.30% and a net margin of 2.78%.The business’s quarterly revenue was up 167.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. Analysts expect that Rocket Companies, Inc. will post 0.58 earnings per share for the current fiscal year.

Rocket Companies News Summary

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Rocket announced it will release second-quarter 2026 results on August 6, with management hosting a conference call afterward. The scheduled update gives investors a near-term catalyst and could provide clarity on mortgage demand, margins, and guidance. Rocket Companies to Announce Second Quarter 2026 Results on August 6, 2026
• Positive Sentiment: Another report noted that Rocket’s earnings are expected to grow year over year, which suggests the company may be benefiting from improved operating trends heading into the print, even though analysts do not see a strong setup for an easy beat. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release
• Neutral Sentiment: Redfin, which is powered by Rocket, reported that San Francisco home prices have rebounded sharply since the financial crisis, highlighting strength in some housing markets and supporting Rocket’s broader real-estate ecosystem. From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
• Neutral Sentiment: At the same time, Redfin said U.S. pending home sales fell to a three-month low, a sign that housing activity remains soft and could keep pressure on mortgage originations and transaction volumes. Redfin Reports Pending Home Sales Fall to 3-Month Low
• Negative Sentiment: Analyst commentary ahead of the earnings release said Rocket does not have the strongest setup for an earnings beat, which may be contributing to caution and some pre-earnings selling. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.