Rocket Companies, Inc. (NYSE:RKT - Free Report) - Investment analysts at Wedbush lifted their Q1 2025 earnings per share estimates for Rocket Companies in a research report issued on Tuesday, March 4th. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $0.11 for the quarter, up from their prior estimate of $0.10. Wedbush currently has a "Neutral" rating and a $13.00 target price on the stock. The consensus estimate for Rocket Companies' current full-year earnings is $0.15 per share. Wedbush also issued estimates for Rocket Companies' FY2026 earnings at $0.62 EPS.
RKT has been the subject of a number of other reports. Piper Sandler decreased their price objective on Rocket Companies from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Bank of America raised their price objective on Rocket Companies from $14.00 to $15.00 and gave the stock an "underperform" rating in a research report on Thursday, November 14th. Royal Bank of Canada decreased their price objective on Rocket Companies from $20.00 to $18.00 and set a "sector perform" rating for the company in a research report on Wednesday, November 13th. Barclays decreased their price objective on Rocket Companies from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Wednesday, November 13th. Finally, Morgan Stanley decreased their price objective on Rocket Companies from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, Rocket Companies currently has an average rating of "Hold" and a consensus target price of $13.83.
View Our Latest Stock Report on RKT
Rocket Companies Price Performance
NYSE:RKT traded up $0.91 during mid-day trading on Friday, reaching $15.76. 7,851,655 shares of the stock were exchanged, compared to its average volume of 3,096,339. The business has a fifty day moving average price of $12.41 and a 200 day moving average price of $14.99. The firm has a market capitalization of $31.43 billion, a PE ratio of -98.47 and a beta of 2.39. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $21.38. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51.
Institutional Investors Weigh In On Rocket Companies
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Rocket Companies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 12,520,074 shares of the company's stock worth $140,976,000 after purchasing an additional 431,054 shares during the period. Boston Partners boosted its position in Rocket Companies by 29.8% during the fourth quarter. Boston Partners now owns 12,313,780 shares of the company's stock worth $138,673,000 after purchasing an additional 2,829,292 shares during the period. JPMorgan Chase & Co. boosted its position in Rocket Companies by 2.2% during the fourth quarter. JPMorgan Chase & Co. now owns 8,161,979 shares of the company's stock worth $91,904,000 after purchasing an additional 174,978 shares during the period. Nuveen Asset Management LLC boosted its position in Rocket Companies by 52.7% during the fourth quarter. Nuveen Asset Management LLC now owns 8,122,148 shares of the company's stock worth $91,455,000 after purchasing an additional 2,804,090 shares during the period. Finally, Wellington Management Group LLP boosted its position in Rocket Companies by 174.5% during the fourth quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company's stock worth $52,980,000 after purchasing an additional 2,990,837 shares during the period. 4.59% of the stock is currently owned by institutional investors and hedge funds.
About Rocket Companies
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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.
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