Rocket Companies (NYSE:RKT) Stock Rating Lowered by Wall Street Zen

Rocket Companies (NYSE:RKT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other analysts have also recently issued reports about the company. UBS Group set a $17.00 price target on Rocket Companies and gave the company a “neutral” rating in a report on Friday, October 10th. Barclays set a $19.00 target price on Rocket Companies and gave the company a “cautious” rating in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rocket Companies in a research note on Monday, October 13th. Morgan Stanley raised their price objective on shares of Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Finally, BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Rocket Companies in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.54.

Rocket Companies Stock Up 3.5%

RKT stock opened at $16.16 on Friday. The stock has a market capitalization of $34.00 billion, a PE ratio of 201.96 and a beta of 2.21. The company has a fifty day moving average of $18.27 and a 200-day moving average of $15.84. The company has a debt-to-equity ratio of 2.16, a quick ratio of 18.74 and a current ratio of 19.68. Rocket Companies has a one year low of $10.06 and a one year high of $22.56.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations 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 company posted $0.08 earnings per share. Rocket Companies has set its Q4 2025 guidance at EPS. As a group, analysts expect that Rocket Companies will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Rocket Companies

A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in Rocket Companies by 18.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,890 shares of the company’s stock valued at $55,000 after buying an additional 605 shares during the last quarter. Miller Wealth Advisors LLC lifted its stake in shares of Rocket Companies by 65.0% in the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $32,000 after acquiring an additional 650 shares in the last quarter. Amundi boosted its holdings in Rocket Companies by 2.3% in the second quarter. Amundi now owns 34,170 shares of the company’s stock valued at $498,000 after purchasing an additional 754 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Rocket Companies by 23.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,339 shares of the company’s stock valued at $62,000 after purchasing an additional 816 shares in the last quarter. Finally, USS Investment Management Ltd increased its holdings in Rocket Companies by 2.7% during the 1st quarter. USS Investment Management Ltd now owns 37,152 shares of the company’s stock worth $448,000 after purchasing an additional 967 shares during the last quarter. Institutional investors and hedge funds own 4.59% of the company’s stock.

Rocket Companies Company 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.