Wedbush Predicts Rocket Companies’ Q1 Earnings (NYSE:RKT)

Rocket Companies, Inc. (NYSE:RKT) – Stock analysts at Wedbush upped their Q1 2025 earnings estimates for shares of Rocket Companies in a research report issued to clients and investors on Tuesday, March 4th. Wedbush analyst J. Mccanless now forecasts that the company will earn $0.11 per share for the quarter, up from their previous estimate of $0.10. Wedbush has a “Neutral” rating and a $13.00 price target on the stock. The consensus estimate for Rocket Companies’ current full-year earnings is $0.15 per share. Wedbush also issued estimates for Rocket Companies’ FY2026 earnings at $0.62 EPS.

A number of other equities analysts also recently commented on the company. The Goldman Sachs Group reduced their price objective on Rocket Companies from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Barclays lowered their price target on shares of Rocket Companies from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price objective on shares of Rocket Companies from $14.00 to $10.50 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada reduced their target price on shares of Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 13th. Finally, Piper Sandler dropped their price target on shares of Rocket Companies from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.83.

Rocket Companies Trading Down 0.4 %

Shares of Rocket Companies stock opened at $14.84 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47. The stock’s 50 day simple moving average is $12.31 and its 200-day simple moving average is $15.05. The stock has a market cap of $29.61 billion, a P/E ratio of -92.77 and a beta of 2.43. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $21.38.

Hedge Funds Weigh In On Rocket Companies

Several large investors have recently made changes to their positions in RKT. Private Advisor Group LLC raised its position in Rocket Companies by 26.8% in the third quarter. Private Advisor Group LLC now owns 14,798 shares of the company’s stock valued at $284,000 after purchasing an additional 3,129 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Rocket Companies by 3,429.7% in the 3rd quarter. International Assets Investment Management LLC now owns 7,377 shares of the company’s stock valued at $142,000 after buying an additional 7,168 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Rocket Companies by 14.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,566 shares of the company’s stock worth $433,000 after acquiring an additional 2,766 shares in the last quarter. Philip James Wealth Mangement LLC acquired a new position in Rocket Companies during the 3rd quarter worth about $6,811,000. Finally, Capital Performance Advisors LLP purchased a new position in Rocket Companies during the 3rd quarter valued at about $39,000. 4.59% of the stock is currently owned by institutional investors and hedge funds.

About Rocket Companies

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.