Rocket Companies
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 is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
Employees: 14,700
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
140% more call options, than puts
Call options by funds: $86.1M | Put options by funds: $35.9M
50% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]
16% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 76
6% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 49
1% less funds holding
Funds holding: 267 [Q3] → 263 (-4) [Q4]
3.51% less ownership
Funds ownership: 78.08% [Q3] → 74.58% (-3.51%) [Q4]
42% less capital invested
Capital invested by funds: $2.11B [Q3] → $1.22B (-$881M) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Wedbush Jay McCanless 68% 1-year accuracy 43 / 63 met price target | 10%downside $13 | Neutral Reiterated | 5 Mar 2025 |
Keefe, Bruyette & Woods Bose George 70% 1-year accuracy 30 / 43 met price target | 17%downside $12 | Underperform Maintained | 3 Mar 2025 |
JP Morgan Richard Shane 63% 1-year accuracy 39 / 62 met price target | 28%downside $10.50 | Underweight Maintained | 14 Jan 2025 |
UBS Douglas Harter 62% 1-year accuracy 18 / 29 met price target | 21%downside $11.50 | Neutral Upgraded | 10 Jan 2025 |
Goldman Sachs Ryan Nash 44% 1-year accuracy 11 / 25 met price target | 3%downside $14 | Neutral Maintained | 7 Jan 2025 |
Financial journalist opinion
Based on 31 articles about RKT published over the past 30 days
