Rocket Companies, Inc. $RKT Shares Sold by Clough Capital Partners L P

Clough Capital Partners L P lessened its holdings in Rocket Companies, Inc. (NYSE:RKT) by 10.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,536,830 shares of the company’s stock after selling 181,750 shares during the quarter. Rocket Companies makes up about 2.1% of Clough Capital Partners L P’s holdings, making the stock its 19th largest position. Clough Capital Partners L P’s holdings in Rocket Companies were worth $21,900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Rocket Companies during the 4th quarter worth about $26,000. Acumen Wealth Advisors LLC purchased a new position in shares of Rocket Companies in the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. raised its position in shares of 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 shares of Rocket Companies during the 4th quarter worth about $30,000. Finally, Smithfield Trust Co acquired a new stake in shares of Rocket Companies during the 4th quarter worth about $32,000. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Key Rocket Companies News

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

• Positive Sentiment: Rocket Companies said it will report second-quarter 2026 results on August 6 and hold a conference call afterward, keeping the focus on a near-term catalyst that could move the shares. Rocket Companies to Announce Second Quarter 2026 Results on August 6, 2026
• Positive Sentiment: Analysts expect earnings to grow versus last year, which supports optimism that the company may show continued improvement in profitability and revenue trends. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release
• Neutral Sentiment: Redfin, which is powered by Rocket, reported that U.S. pending home sales fell to a three-month low, a reminder that the housing market remains uneven and could affect mortgage demand. Redfin Reports Pending Home Sales Fall to 3-Month Low
• Neutral Sentiment: Another Redfin update noted San Francisco home prices have rebounded sharply from the housing crash bottom, highlighting strength in some regional housing markets but not necessarily a broad immediate boost for Rocket. From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
• Negative Sentiment: Zacks said Rocket may not have the right setup for an earnings beat, which could temper enthusiasm ahead of the report if expectations are too high. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Rocket Companies Stock Performance

Shares of RKT opened at $13.09 on Monday. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.13. The firm has a market cap of $37.02 billion, a PE ratio of 261.70 and a beta of 2.16. The company’s 50 day simple moving average is $14.04 and its 200-day simple moving average is $16.05. Rocket Companies, Inc. has a 12-month low of $12.17 and a 12-month high of $24.36.

Rocket Companies (NYSE:RKT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm earned $0.04 EPS. Rocket Companies’s revenue for the quarter was up 167.1% on a year-over-year basis. As a group, equities analysts predict that Rocket Companies, Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

RKT has been the subject of a number of research analyst reports. Stephens started coverage on Rocket Companies in a report on Thursday, April 23rd. They issued an “overweight” rating and a $22.50 price target for the company. Barclays cut their price objective on shares of Rocket Companies from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. BTIG Research restated a “neutral” rating on shares of Rocket Companies in a research report on Tuesday, June 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $20.00 target price on shares of Rocket Companies in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Rocket Companies has a consensus rating of “Moderate Buy” and a consensus target price of $20.73.

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.