V Square Quantitative Management LLC Cuts Holdings in Rocket Companies, Inc. $RKT

V Square Quantitative Management LLC trimmed its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 71.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,368 shares of the company’s stock after selling 8,332 shares during the quarter. V Square Quantitative Management LLC’s holdings in Rocket Companies were worth $48,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RKT. Missouri Trust & Investment Co lifted its holdings in shares of Rocket Companies by 1.1% during the 2nd quarter. Missouri Trust & Investment Co now owns 94,395 shares of the company’s stock valued at $1,339,000 after buying an additional 1,000 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Rocket Companies by 67.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 74,336 shares of the company’s stock valued at $1,054,000 after buying an additional 30,048 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Rocket Companies by 154.1% during the 2nd quarter. GAMMA Investing LLC now owns 9,921 shares of the company’s stock valued at $141,000 after buying an additional 6,016 shares during the period. Lakeshore Financial Planning Inc. lifted its holdings in shares of Rocket Companies by 74.5% during the 2nd quarter. Lakeshore Financial Planning Inc. now owns 18,497 shares of the company’s stock valued at $262,000 after buying an additional 7,894 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Rocket Companies by 1,617.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 16,543 shares of the company’s stock valued at $235,000 after buying an additional 15,580 shares during the period. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group set a $16.00 price target on Rocket Companies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Bank of America raised Rocket Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $24.00 in a report on Wednesday, September 10th. Keefe, Bruyette & Woods raised their target price on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, August 5th. Morgan Stanley raised their target price on Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Barclays increased their price target on Rocket Companies from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Rocket Companies presently has an average rating of “Hold” and an average price target of $16.65.

Rocket Companies Trading Down 6.5%

Shares of Rocket Companies stock opened at $18.33 on Friday. The firm has a market cap of $38.57 billion, a price-to-earnings ratio of -366.52 and a beta of 2.23. The business has a 50-day moving average price of $18.60 and a 200-day moving average price of $15.12. The company has a quick ratio of 18.74, a current ratio of 18.74 and a debt-to-equity ratio of 2.36. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.56.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates 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. Equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

Rocket Companies 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.