Rocket Companies, Inc. (NYSE:RKT) Stock Has Consensus Price Target of $19.57

Shares of Rocket Companies, Inc. (NYSE:RKT) have been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $19.29.

A number of research analysts have recently weighed in on the company. Morgan Stanley upgraded Rocket Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $19.00 in a report on Thursday, July 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price objective (up from $15.00) on shares of Rocket Companies in a research report on Wednesday, August 12th. Wells Fargo & Company set a $13.00 target price on Rocket Companies and gave the company an “equal weight” rating in a research note on Tuesday. Benchmark dropped their target price on shares of Rocket Companies from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Rocket Companies from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, August 10th.

Insider Activity at Rocket Companies

In related news, Rocket Mortgage CEO Jesse Bray sold 225,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $13.11, for a total value of $2,949,750.00. Following the completion of the sale, the insider owned 7,953,027 shares in the company, valued at approximately $104,264,183.97. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 450,000 shares of company stock worth $5,687,074 over the last three months. 57.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rocket Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Rocket Companies by 12.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 32,318 shares of the company’s stock valued at $372,000 after acquiring an additional 3,652 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Rocket Companies in the second quarter worth $164,000. Integrated Wealth Concepts LLC lifted its position in Rocket Companies by 32.8% in the second quarter. Integrated Wealth Concepts LLC now owns 142,805 shares of the company’s stock worth $2,249,000 after purchasing an additional 35,239 shares during the period. Nykredit A S acquired a new stake in Rocket Companies during the second quarter worth $2,980,000. Finally, Greenland Capital Management LP boosted its stake in Rocket Companies by 84.6% during the second quarter. Greenland Capital Management LP now owns 48,000 shares of the company’s stock worth $756,000 after buying an additional 22,000 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors.

Rocket Companies Trading Up 2.8%

Rocket Companies stock opened at $11.77 on Friday. The company has a 50 day moving average price of $13.24 and a 200 day moving average price of $13.96. Rocket Companies has a 52 week low of $10.99 and a 52 week high of $24.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.85 and a current ratio of 4.85. The firm has a market capitalization of $33.32 billion, a price-to-earnings ratio of 84.04, a P/E/G ratio of 3.23 and a beta of 2.23.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Rocket Companies had a net margin of 4.70% and a return on equity of 5.13%. The company’s quarterly revenue was up 91.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. Research analysts forecast that Rocket Companies will post 0.51 EPS for the current year.

Key Stories Impacting Rocket Companies

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

• Positive Sentiment: KBW maintains a Buy rating: KBW reaffirmed its Buy recommendation on Rocket Companies, signaling that the firm continues to see potential upside in the mortgage and real-estate platform following the company’s acquisition of Mr. Cooper. KBW Sticks to Their Buy Rating for Rocket Companies
• Positive Sentiment: Potential housing-cost normalization could support demand: Redfin, which is powered by Rocket, said U.S. housing costs could return to more typical levels within five years if mortgage rates decline to 6% and home-price growth moderates to approximately 2.1%. Improved affordability could eventually support mortgage originations and housing activity, although the forecast is conditional and varies significantly by metropolitan area. Redfin Report: U.S. Housing Costs Could Return to Normal Within 5 Years
• Neutral Sentiment: Visa comparison offers limited direct impact: A report comparing Visa and Rocket Companies focuses on differences between the businesses and does not identify a specific new catalyst for RKT. Visa vs. Rocket Companies Head-To-Head Survey
• Neutral Sentiment: FICO workforce cuts are an indirect industry signal: FICO’s planned job reductions after regulatory changes to mortgage-credit scoring highlight disruption in the mortgage ecosystem, but the report does not indicate a direct financial impact on Rocket. FICO Is Cutting 15% of Its Workforce
• Negative Sentiment: Class-action lawsuit adds legal risk: Girard Sharp announced a securities class action on behalf of former Mr. Cooper shareholders who received Rocket shares in the 2025 merger. The allegations could create legal costs, uncertainty and reputational risk, although they have not been proven. Securities Class Action Notice
• Negative Sentiment: Insider share sale may weigh on confidence: Insider Jesse Bray reportedly sold 92,300 Rocket shares. Insider selling is not necessarily bearish, but it can be viewed negatively by investors when the stock is already trading well below its 52-week high. Rocket Companies Insider Share Sale

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based fintech platform that provides digital financial and real estate services primarily to consumers in the United States. Its operations are centered on helping customers obtain, manage and refinance home loans, while also offering related services across the homeownership and personal finance lifecycle.

The company’s principal businesses include Rocket Mortgage, a digital mortgage lender and originator; Rocket Homes, a real estate marketplace and agent-referral platform; Rocket Money, a personal finance application that helps users manage subscriptions, budgets and bills; and Rocket Loans, which provides personal loans.