55,817 Shares in Rocket Companies, Inc. (NYSE:RKT) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 55,817 shares of the company's stock, valued at approximately $1,071,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Rocket Companies during the 3rd quarter worth approximately $39,000. Quarry LP boosted its stake in shares of Rocket Companies by 858.8% in the second quarter. Quarry LP now owns 4,353 shares of the company's stock valued at $60,000 after buying an additional 3,899 shares in the last quarter. Blue Trust Inc. acquired a new position in Rocket Companies during the second quarter worth $61,000. V Square Quantitative Management LLC acquired a new stake in Rocket Companies in the third quarter valued at $120,000. Finally, International Assets Investment Management LLC boosted its position in shares of Rocket Companies by 3,429.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,377 shares of the company's stock worth $142,000 after purchasing an additional 7,168 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RKT shares. UBS Group cut their price target on shares of Rocket Companies from $14.00 to $12.50 and set a "sell" rating for the company in a report on Thursday, November 14th. Bank of America boosted their price target on Rocket Companies from $14.00 to $15.00 and gave the stock an "underperform" rating in a research note on Thursday, November 14th. Royal Bank of Canada lowered their price target on Rocket Companies from $20.00 to $18.00 and set a "sector perform" rating on the stock in a report on Wednesday, November 13th. Wedbush reissued a "neutral" rating and issued a $13.00 target price (down previously from $18.00) on shares of Rocket Companies in a report on Wednesday, November 13th. Finally, Barclays cut their price target on Rocket Companies from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.13.

Rocket Companies Trading Up 0.5 %

NYSE RKT traded up $0.07 during trading hours on Friday, hitting $13.57. 2,502,905 shares of the company's stock were exchanged, compared to its average volume of 3,723,049. The business's 50 day moving average is $15.93 and its 200-day moving average is $16.28. The company has a debt-to-equity ratio of 1.51, a quick ratio of 15.47 and a current ratio of 15.47. Rocket Companies, Inc. has a 12-month low of $10.08 and a 12-month high of $21.38. The firm has a market capitalization of $27.07 billion, a P/E ratio of -84.81 and a beta of 2.38.

Rocket Companies (NYSE:RKT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Rocket Companies had a negative net margin of 0.38% and a positive return on equity of 2.86%. The firm had revenue of $647.00 million during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Rocket Companies's revenue for the quarter was down 46.2% compared to the same quarter last year. As a group, analysts anticipate that Rocket Companies, Inc. will post 0.16 EPS for the current fiscal year.

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.