Raymond James Financial Services Advisors Inc. purchased a new position in shares of Rocket Companies, Inc. (NYSE:RKT – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,349 shares of the company’s stock, valued at approximately $179,000.
Other large investors have also recently bought and sold shares of the company. DMC Group LLC grew its holdings in Rocket Companies by 11.7% during the 3rd quarter. DMC Group LLC now owns 21,145 shares of the company’s stock worth $173,000 after acquiring an additional 2,217 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Rocket Companies during the 3rd quarter worth about $188,000. First Affirmative Financial Network grew its holdings in Rocket Companies by 18.0% during the 4th quarter. First Affirmative Financial Network now owns 13,450 shares of the company’s stock worth $195,000 after acquiring an additional 2,052 shares during the period. Amalgamated Bank grew its holdings in Rocket Companies by 150.2% during the 3rd quarter. Amalgamated Bank now owns 28,723 shares of the company’s stock worth $235,000 after acquiring an additional 17,241 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Rocket Companies during the 3rd quarter worth about $286,000. 4.59% of the stock is currently owned by institutional investors and hedge funds.
Rocket Companies Trading Down 0.7 %
NYSE:RKT opened at $12.55 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 9.78 and a current ratio of 9.78. The firm has a market cap of $24.91 billion, a price-to-earnings ratio of -78.41, a price-to-earnings-growth ratio of 9.33 and a beta of 2.42. Rocket Companies, Inc. has a 52 week low of $7.17 and a 52 week high of $15.19. The firm has a 50-day moving average price of $12.58 and a two-hundred day moving average price of $11.36.
Analysts Set New Price Targets
RKT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 price objective (up previously from $8.50) on shares of Rocket Companies in a research report on Thursday, January 4th. Wells Fargo & Company cut their price objective on shares of Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Wedbush reissued a “neutral” rating and set a $13.00 price objective on shares of Rocket Companies in a research report on Friday, February 23rd. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $10.75 price objective on shares of Rocket Companies in a research report on Wednesday, January 3rd. Finally, UBS Group increased their price objective on shares of Rocket Companies from $8.50 to $10.00 and gave the stock a “sell” rating in a research report on Monday, February 26th. Six analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.02.
View Our Latest Report on Rocket Companies
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.
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