Rocket CompaniesRKT
About: Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and will also be the largest mortgage servicer in the US following its acquisition of the Mr. Cooper Group.
Employees: 14,700
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
140% more call options, than puts
Call options by funds: $86.2M | Put options by funds: $35.9M
50% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]
19% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 75
2.56% more ownership
Funds ownership: 72.4% [Q3] → 74.96% (+2.56%) [Q4]
8% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 49
1% less funds holding
Funds holding: 267 [Q3] → 264 (-3) [Q4]
37% less capital invested
Capital invested by funds: $1.95B [Q3] → $1.23B (-$721M) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
UBS Douglas Harter 63% 1-year accuracy 20 / 32 met price target | 1%upside $13 | Neutral Maintained | 16 Apr 2025 |
Keefe, Bruyette & Woods Bose George 51% 1-year accuracy 23 / 45 met price target | 16%upside $15 | Market Perform Maintained | 8 Apr 2025 |
Barclays Terry Ma 67% 1-year accuracy 14 / 21 met price target | 8%upside $14 | Equal-Weight Upgraded | 8 Apr 2025 |
RBC Capital Daniel Perlin 37% 1-year accuracy 19 / 52 met price target | 39%upside $18 | Sector Perform Reiterated | 1 Apr 2025 |
Wedbush Jay McCanless 52% 1-year accuracy 25 / 48 met price target | 1%upside $13 | Neutral Reiterated | 5 Mar 2025 |
Financial journalist opinion
Based on 11 articles about RKT published over the past 30 days
