8,506 Shares in Rocket Companies, Inc. $RKT Purchased by Bayforest Capital Ltd

by · The Markets Daily

Bayforest Capital Ltd bought a new position in shares of Rocket Companies, Inc. (NYSE:RKT – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,506 shares of the company’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. grew its holdings in Rocket Companies by 312.2% during the first quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock worth $31,000 after acquiring an additional 1,970 shares during the period. Parallel Advisors LLC grew its holdings in Rocket Companies by 302.2% during the first quarter. Parallel Advisors LLC now owns 2,956 shares of the company’s stock worth $36,000 after acquiring an additional 2,221 shares during the period. Brooklyn Investment Group grew its holdings in Rocket Companies by 251.3% in the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $41,000 after purchasing an additional 2,425 shares during the period. GAMMA Investing LLC grew its holdings in Rocket Companies by 82.4% in the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock valued at $47,000 after purchasing an additional 1,764 shares during the period. Finally, Signaturefd LLC grew its holdings in Rocket Companies by 147.1% in the first quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock valued at $53,000 after purchasing an additional 2,603 shares during the period. 4.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. Bank of America raised Rocket Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $24.00 in a report on Wednesday. Jefferies Financial Group raised their price objective on Rocket Companies from $11.50 to $14.00 and gave the company a “hold” rating in a report on Tuesday, July 22nd. Morgan Stanley assumed coverage on Rocket Companies in a report on Thursday, August 14th. They issued an “equal weight” rating and a $16.00 price objective on the stock. The Goldman Sachs Group raised their price objective on Rocket Companies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on Rocket Companies from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.50.

Check Out Our Latest Research Report on RKT

Rocket Companies Stock Performance

NYSE RKT opened at $21.12 on Friday. The company has a market cap of $44.45 billion, a PE ratio of -422.40 and a beta of 2.30. The stock’s 50 day simple moving average is $16.98 and its 200-day simple moving average is $14.56. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $22.56. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 18.74.

Rocket Companies (NYSE:RKT – Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

Rocket Companies Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding RKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Companies, Inc. (NYSE:RKT – Free Report).