<div id="readability-page-1"><p>Perigon Wealth Management LLC acquired a new position in  Rocket Companies, Inc. (NYSE:RKT - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor  acquired 76,947 shares of the company's stock, valued at approximately $1,491,000.</p><div><p><span></span><span>Get <strong>Rocket Companies</strong> alerts:</span></p></div><ul><li>3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound</li></ul><p>Several other institutional investors have also recently modified their holdings of the company. Boston Partners lifted its position in  Rocket Companies by 6.2% in the 2nd quarter. Boston Partners now owns 14,560,706 shares of the company's stock worth $206,610,000 after buying an additional 856,367 shares during the last quarter.  Third Point LLC bought a new stake in shares of  Rocket Companies in the 2nd quarter worth approximately $67,355,000.  Broad Bay Capital Management LP bought a new stake in shares of  Rocket Companies in the 2nd quarter worth approximately $51,585,000.  Allspring Global Investments Holdings LLC purchased a new stake in shares of  Rocket Companies in the 2nd quarter valued at $44,102,000.  Finally, Geode Capital Management LLC grew its holdings in shares of  Rocket Companies by 23.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,730,504 shares of the company's stock valued at $38,723,000 after purchasing an additional 517,684 shares during the last quarter. 4.59% of the stock is currently owned by institutional investors. </p><h2>Rocket Companies Trading Up 3.5%</h2><p>RKT opened at $20.04 on Wednesday. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $22.56. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 19.68. The business has a 50 day simple moving average of $18.18 and a two-hundred day simple moving average of $17.39. The firm has a market capitalization of $42.18 billion, a price-to-earnings ratio of 250.57 and a beta of 2.26. </p><ul><li>3 Fintech Stocks That Are Set to Rise as Rates Fall</li></ul><p>Rocket Companies (NYSE:RKT - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $0.08 EPS. The business's quarterly revenue was up 148.1% compared to the same quarter last year.  Analysts predict that  Rocket Companies, Inc. will post 0.15 EPS for the current year. </p><h2>Insider Transactions at Rocket Companies</h2><p>In other Rocket Companies news, Director Matthew Rizik sold 2,500 shares of the company's stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $19.44, for a total value of $48,600.00. Following the completion of the transaction, the director directly owned 1,066,036 shares in the company, valued at approximately $20,723,739.84. This represents a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 30,000 shares of company stock worth $563,725. 92.64% of the stock is currently owned by insiders. </p><h2>Analyst Ratings Changes</h2><ul><li>Mortgage Pressures Ease, 3 Stocks to Rally on Lower Rates</li></ul><p>Several research firms have weighed in on RKT. Jefferies Financial Group assumed coverage on shares of Rocket Companies in a research note on Friday, December 19th. They issued a &#34;buy&#34; rating and a $25.00 price target for the company. Zacks Research upgraded Rocket Companies from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, October 14th. Royal Bank Of Canada increased their target price on Rocket Companies from $17.00 to $20.00 and gave the company a &#34;sector perform&#34; rating in a report on Wednesday, October 8th. Weiss Ratings  reaffirmed a &#34;sell (d+)&#34; rating on shares of Rocket Companies in a research note on Monday. Finally, Barclays  set a $19.00 price objective on Rocket Companies and gave the company a &#34;cautious&#34; rating in a research report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating, eight have assigned  a Hold rating and three have issued  a Sell rating to the stock. According to MarketBeat.com, Rocket Companies presently has an average rating of &#34;Hold&#34; and a consensus target price of $19.32.</p><p><b>Get Our Latest Research Report on Rocket Companies</b></p><h2>About Rocket Companies</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Rocket Companies</li><li>Do not delete, read immediately</li><li>The Crash Has Already Started (Most Just Don’t See It Yet)</li><li>ALERT: Drop these 5 stocks before January 2026!</li><li>[No Brainer Gold Play]: “Show me a better investment.”</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJLVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJLVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rocket Companies Right Now?</h2><p>Before you consider Rocket Companies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rocket Companies wasn't on the list.</p><p>While Rocket Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Perigon Wealth Management LLC has invested $1.49 million in Rocket Companies, acquiring 76,947 shares. Other institutional investors have also increased their stakes in the company. Rocket Companies reported earnings of $0.07 per share, meeting analysts' expectations, with revenue of $1.78 billion for the quarter. The stock is currently trading at $20.04, with a market cap of $42.18 billion. Analyst ratings vary, with a consensus rating of "Hold" and a target price of $19.32.</p>

Perigon Wealth Management LLC Makes New $1.49 Million Investment in Rocket Companies, Inc. $RKT