220,000 Shares in Rocket Companies, Inc. $RKT Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new position in shares of Rocket Companies, Inc. (NYSE:RKT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 220,000 shares of the company’s stock, valued at approximately $4,259,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sierra Summit Advisors LLC lifted its stake in shares of Rocket Companies by 1.7% during the 4th quarter. Sierra Summit Advisors LLC now owns 915,575 shares of the company’s stock worth $17,726,000 after acquiring an additional 15,046 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Rocket Companies during the 4th quarter worth approximately $71,000. Rathbones Group PLC lifted its stake in shares of Rocket Companies by 17.2% during the 4th quarter. Rathbones Group PLC now owns 25,146 shares of the company’s stock worth $487,000 after acquiring an additional 3,696 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Rocket Companies by 9.4% during the 4th quarter. IFP Advisors Inc now owns 8,639 shares of the company’s stock worth $167,000 after acquiring an additional 739 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in shares of Rocket Companies by 469,400.0% during the 4th quarter. Banque Cantonale Vaudoise now owns 4,695 shares of the company’s stock worth $91,000 after acquiring an additional 4,694 shares during the last quarter. 4.59% of the stock is owned by institutional investors.

Rocket Companies Stock Up 7.4%

Shares of RKT stock opened at $13.61 on Thursday. Rocket Companies, Inc. has a 1-year low of $12.03 and a 1-year high of $24.36. The stock’s fifty day moving average price is $14.70 and its 200 day moving average price is $17.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.37 and a quick ratio of 4.37. The company has a market cap of $38.36 billion, a price-to-earnings ratio of 272.10 and a beta of 2.23.

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

Key Rocket Companies News

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

• Positive Sentiment: Rocket Mortgage and Redfin launched a new homebuyer savings program that could reduce costs by up to $20,000, potentially boosting mortgage origination volume and cross-selling opportunities. Rocket and Redfin Boost Home Affordability With New Offer, Saving Buyers Up To $20,000
• Positive Sentiment: Redfin, which is powered by Rocket, reported that price cuts among U.S. home sellers eased slightly in April, suggesting a stabilizing housing market and improving buyer demand. Price Drops Are Becoming Slightly Less Common As Housing Market Stabilizes
• Positive Sentiment: KBRA assigned preliminary ratings to Rocket Loans’ RKTL 2026-2 securitization, indicating continued access to financing markets for Rocket’s consumer lending business. KBRA Assigns Preliminary Ratings to RKTL 2026-2
• Positive Sentiment: An article highlighted Rocket Companies’ first-quarter results as the strongest in the thrifts and mortgage finance group, reinforcing the company’s relative operating momentum. Rocket Companies (NYSE:RKT): Strongest Q1 results from the thrifts & mortgage finance group
• Neutral Sentiment: Rocket Companies presented at J.P. Morgan’s Global Technology, Media and Communications Conference; the transcript may give investors more detail on strategy, but no major new catalyst was disclosed in the headline. Rocket Companies, Inc. (RKT) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Negative Sentiment: Jim Cramer said “No to Rocket Companies” during a lightning round, which could add short-term pressure by reinforcing cautious investor sentiment around RKT. Jim Cramer Says “No to Rocket Companies”
• Negative Sentiment: A similar Cramer-related article repeated the same bearish view on Rocket Companies, likely amplifying the negative headline impact without adding new fundamentals. Jim Cramer Says “No to Rocket Companies”

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays raised Rocket Companies from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $22.00 to $19.00 in a research note on Monday, April 6th. Wells Fargo & Company decreased their target price on Rocket Companies from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Zacks Research raised Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their target price on Rocket Companies from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Finally, Stephens began coverage on Rocket Companies in a research report on Thursday, April 23rd. They set an “overweight” rating and a $22.50 target price for the company. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.