Rocket Companies, Inc. $RKT Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its stake in shares of Rocket Companies, Inc. (NYSE:RKT) by 300,143.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,423 shares of the company’s stock after acquiring an additional 522,249 shares during the quarter. Hantz Financial Services Inc.’s holdings in Rocket Companies were worth $10,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in Rocket Companies during the 3rd quarter worth $25,000. Pinnacle Bancorp Inc. raised its stake in Rocket Companies by 369.7% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,503 shares of the company’s stock worth $29,000 after acquiring an additional 1,183 shares in the last quarter. City State Bank acquired a new stake in Rocket Companies during the 4th quarter worth $30,000. Private Capital Management LLC acquired a new stake in Rocket Companies during the 3rd quarter worth $182,000. Finally, Newbridge Financial Services Group Inc. raised its stake in Rocket Companies by 875.0% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,950 shares of the company’s stock worth $38,000 after acquiring an additional 1,750 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Stock Performance

NYSE RKT opened at $13.79 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.37 and a current ratio of 4.37. The firm has a market cap of $38.89 billion, a PE ratio of 275.80 and a beta of 2.23. Rocket Companies, Inc. has a one year low of $12.25 and a one year high of $24.36. The firm’s fifty day moving average is $14.64 and its two-hundred day moving average is $17.45.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.76 billion. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. Rocket Companies’s quarterly revenue was up 167.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. Analysts expect that Rocket Companies, Inc. will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

RKT has been the topic of several research analyst reports. Stephens initiated coverage on shares of Rocket Companies in a research note on Thursday, April 23rd. They set an “overweight” rating and a $22.50 price target on the stock. Citizens Jmp initiated coverage on shares of Rocket Companies in a research note on Wednesday, March 25th. They set a “market perform” rating on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $20.00 price target on shares of Rocket Companies in a research note on Monday, May 11th. Wells Fargo & Company cut their price target on shares of Rocket Companies from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Rocket Companies from $24.00 to $16.50 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.93.

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.