708,379 Shares in Rocket Companies, Inc. $RKT Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new position in Rocket Companies, Inc. (NYSE:RKT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 708,379 shares of the company’s stock, valued at approximately $13,728,000.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of Rocket Companies by 18.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,890 shares of the company’s stock worth $55,000 after purchasing an additional 605 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Rocket Companies by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,817 shares of the company’s stock valued at $365,000 after buying an additional 636 shares during the period. Miller Wealth Advisors LLC grew its position in Rocket Companies by 65.0% during the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $32,000 after buying an additional 650 shares in the last quarter. Parallel Advisors LLC grew its position in Rocket Companies by 26.1% during the third quarter. Parallel Advisors LLC now owns 3,267 shares of the company’s stock worth $63,000 after buying an additional 677 shares in the last quarter. Finally, Amundi increased its stake in Rocket Companies by 2.3% in the 2nd quarter. Amundi now owns 34,170 shares of the company’s stock worth $498,000 after acquiring an additional 754 shares during the last quarter. 4.59% of the stock is owned by institutional investors.

Rocket Companies Trading Up 2.7%

Shares of RKT stock opened at $14.62 on Friday. The business has a 50-day moving average price of $18.70 and a two-hundred day moving average price of $18.62. Rocket Companies, Inc. has a 12-month low of $10.94 and a 12-month high of $24.36. The company has a quick ratio of 70.90, a current ratio of 70.90 and a debt-to-equity ratio of 1.07. The firm has a market cap of $30.77 billion, a P/E ratio of -112.47 and a beta of 2.30.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Rocket Companies had a positive return on equity of 3.04% and a negative net margin of 1.02%.Rocket Companies’s revenue for the quarter was up 52.2% compared to the same quarter last year. During the same period last year, the firm posted $0.04 EPS. Equities analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Rocket Companies news, Director Matthew Rizik sold 2,500 shares of Rocket Companies stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $22.99, for a total transaction of $57,475.00. Following the transaction, the director directly owned 1,038,536 shares of the company’s stock, valued at approximately $23,875,942.64. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 17,500 shares of company stock worth $360,225 in the last quarter. 92.64% of the stock is owned by company insiders.

Key Rocket Companies News

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

• Positive Sentiment: Keefe, Bruyette & Woods upgraded Rocket Companies (RKT) from Market Perform to Outperform and raised the price target from $20 to $22, citing the stock’s recent pullback and longer-term upside — a near-term positive catalyst for sentiment and flows. Keefe Bruyette Upgrades Rocket Companies (RKT) From Market Perform to Outperform, Raises the PT Rocket Companies (NYSE:RKT) Stock Rating Upgraded by Keefe, Bruyette & Woods
• Positive Sentiment: Redfin reports an unusually large monthly saving for borrowers using adjustable-rate mortgages — roughly $150/month versus a 30‑year fixed — which could steer some buyers toward ARMs and sustain originations if fixed rates remain elevated. Today’s Homebuyers Save $150 a Month By Choosing an Adjustable-Rate Mortgage—The Biggest Discount Since 2022
• Neutral Sentiment: Redfin data show the typical home that went under contract in February spent 66 days on market (the slowest February pace since 2016). Slower transactions can weigh on short-term revenue timing but may not change longer-term mortgage demand dynamics. Redfin Reports The Typical Home Sells in 66 Days—the Slowest Winter Pace in a Decade
• Neutral Sentiment: Research from Redfin highlights concentration of real-estate wealth (top 20% hold ~56% of wealth). This structural insight is relevant for long-term strategy and product targeting but is a less direct near-term earnings driver. The Top 20% of Earners Hold Over Half of America’s Real Estate Wealth
• Negative Sentiment: Mortgage rates have bounced back above 6% according to a Redfin report — higher rates typically reduce refinance and purchase volumes, a direct headwind to Rocket’s originations and mortgage servicing revenue if sustained. Mortgage Rates Jump Back Above 6% As Pending Home Sales, New Listings Post Small Improvements
• Negative Sentiment: Broader tech-sector layoffs (e.g., Block cutting thousands) highlight risk to employment/consumer confidence; a weaker jobs backdrop could damp mortgage demand and refinancing activity over time. Block Lays Off Thousands, Meta Could Be Next. Who Else Will Slash Jobs?

Analyst Upgrades and Downgrades

Several analysts have weighed in on RKT shares. Compass Point assumed coverage on Rocket Companies in a report on Tuesday, March 10th. They issued a “buy” rating and a $21.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Rocket Companies from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Jefferies Financial Group assumed coverage on shares of Rocket Companies in a research note on Friday, December 19th. They issued a “buy” rating and a $25.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Rocket Companies in a research report on Monday, January 12th. They set a “neutral” rating and a $24.00 target price for the company. Finally, Keefe, Bruyette & Woods raised shares of Rocket Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $20.00 to $22.00 in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.80.

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.