Rocket Companies (NYSE:RKT) Stock

ROCKET COS INC-CLASS A

Rocket Companies

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.

During the last three months, 7 analysts shared their evaluations of Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">7</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $13.86, along with a high estimate of $16.00 and a low estimate of $12.00. This upward trend is apparent, with the current average reflecting a 4.29% increase from the previous average price target of $13.29.
<img src="https://www.benzinga.com/files/images/story/2025/1751480101_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Rocket Companies among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ryan Nash</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$13.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$10.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Rocket Companies. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Rocket Companies compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Rocket Companies's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Rocket Companies's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RKT/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Rocket Companies analyst ratings.</a>
<h2>Get to Know Rocket Companies Better</h2>
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.
<h3>Financial Milestones: Rocket Companies's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Rocket Companies's financials over 3M reveals challenges. As of 31 March, 2025, the company experienced a decline of approximately -25.75% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Rocket Companies's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -1.04%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Rocket Companies's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.61%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.04%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 9.59.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Beyond The Numbers: 7 Analysts Discuss Rocket Companies Stock

Goldman Sachs analyst Ryan Nash maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Neutral and raises the price target from $14 to $16.

News

Price Target

Goldman Sachs Maintains Neutral on Rocket Companies, Raises Price Target to $16

<a href="https://x.com/CitronResearch/status/1940412266853380103" title="https://x.com/CitronResearch/status/1940412266853380103">https://x.com/CitronResearch/status/1940412266853380103</a>

Trading Ideas

Watching Rocket Companies; Shares See Volume To The Upside, Citron Research Posts About Co On X

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TIGR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.00</td>
<td>$219.1K</td>
<td>1.2K</td>
<td>94.1K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$85.00</td>
<td>$40.3K</td>
<td>386</td>
<td>3.9K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$77.50</td>
<td>$126.0K</td>
<td>15.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$21.20</td>
<td>$48.8K</td>
<td>4.1K</td>
<td>660</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TIGR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>), we observe a call option trade with bullish sentiment. It expires in 205 day(s) on January 16, 2026. Parties traded 891 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $219.1K, with a price of $246.0 per contract. There were 1204 open contracts at this strike prior to today, and today 94144 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a put option trade that happens to be bearish, expiring in 2 day(s) on June 27, 2025. This event was a transfer of 120 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $40.3K, with a price of $336.0 per contract. There were 386 open contracts at this strike prior to today, and today 3986 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option trade that happens to be bullish, expiring in 23 day(s) on July 18, 2025. This event was a transfer of 225 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $126.0K, with a price of $560.0 per contract. There were 15469 open contracts at this strike prior to today, and today 2260 contract(s) were bought and sold. 
• For RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we notice a call option sweep that happens to be bullish, expiring in 205 day(s) on January 16, 2026. This event was a transfer of 660 contract(s) at a $21.20 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $74.0 per contract. There were 4109 open contracts at this strike prior to today, and today 660 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

HOOD

TIGR

4 Financials Stocks With Whale Alerts In Today's Session

Homeowners have on average, $181,000 in equity. This new product helps them access it before transitioning to a new home
DETROIT, June 24, 2025 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4455287-1&amp;h=3636688888&amp;u=https%3A%2F%2Frocket.com%2Fmortgage%2F&amp;a=Rocket+Mortgage">Rocket Mortgage</a>, the nation's largest mortgage lender and a part of <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4455287-1&amp;h=1515700121&amp;u=https%3A%2F%2Fwww.rocketcompanies.com%2F&amp;a=Rocket+Companies">Rocket Companies</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), today announced the launch of bridge loans – a strategic solution designed to help buyers wrestle back control in today's competitive housing market. This new product allows current homeowners to use equity to compete shoulder-to-shoulder with cash buyers – allowing them to purchase their next primary residence before selling their current one. This provides both financial flexibility and eliminates the uncertainty and reluctance of home sellers that often comes with so-called 'contingent' offers.
With high home prices and tight housing inventory, many buyers struggle to compete without first selling – leading to delays and missed opportunities. Yet the average homeowner has $181,000 in untapped equity, a powerful resource to make a strong offer.¹ &nbsp;Rocket Mortgage's bridge loan unlocks that equity upfront, providing funds for a down payment or closing costs in the interim.

Rocket Mortgage Launches Bridge Loans To Help Homeowners Access Equity And Compete With Cash Buyers

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/06/20/final-trades-rocket-companies-kkr-gxo-logistics-and-uber.html">Halftime Report Final Trades</a>,&#8221; Stephanie Link, chief investment strategist and portfolio manager at Hightower, said she continues to buy Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>).
On Friday, the San Francisco-based company announced the <a href="https://www.benzinga.com/markets/tech/25/06/46030504/uber-expands-ai-services-countries-businesses-train-smarter-ai-agents">expansion of its AI data services</a> to 30 countries. 
Uber AI Solutions (it used to be called Uber Scaled Solutions) claims to offer tools and data to help train smart AI agents to understand and "navigate real-world business processes."
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said he remains long on Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>).
As per the recent news, Rocket Companies, on June 5, disclosed the pricing of senior notes due 2030 and <a href="https://www.benzinga.com/quote/RKT">senior notes due 2033.</a>
Jason Snipe, Founder and Chief Investment Officer of Odyssey Capital Advisors, named KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) as his final trade.
KKR, on June 20, reported over $475 million in realized gains from the second quarter monetization through June 20, driven by performance income and strategic sales.
Jenny Van Leeuwen Harrington, CEO of Gilman Hill Asset Management, LLC, said GXO Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) announced a new CEO. The stock has gained a lot, but the valuation is still compelling with great earnings growth.
GXO Logistics announced on Friday that Patrick Kelleher, seasoned supply chain leader, will be its new chief executive officer, effective Aug. 19.
Price Action:
<ul class="wp-block-list">
<li>Rocket Companies shares gained 4.2% to close at $14.40 on Friday.</li>
<li>KKR rose 0.2% to settle at $122.60 during the session.</li>
<li>GXO Logistics shares gained 12.1% to settle at $47.97 during the session.</li>
<li>Uber gained 0.4% to close at $83.78 on Friday.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46023851/top-2-tech-stocks-that-could-sink-your-portfolio-in-june">Top 2 Tech Stocks That Could Sink Your Portfolio In June</a> </li>
</ul>
Image: Shutterstock

Long Ideas

Markets

Media

UBER

Uber, KKR, Rocket Companies And An Industrial Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Rocket Companies, Uber Technologies, GXO Logistics, KKR & Co.

<h3 class="wp-block-heading">New On The Block</h3>
Bankers say these biscuits are worth billions. The $1.5 billion asking price for Bojangles, the fried chicken and biscuit fast-food chain, is about triple what private equity firms Durational Capital Management and TJC paid in 2019—just four years after <a href="https://www.benzinga.com/news/15/05/5492635/bojangles-prices-ipo-at-19-high-end-of-range">the chain went public</a>.
According <a href="https://www.wsj.com/business/deals/bojangles-is-exploring-a-sale-while-the-fried-chicken-market-is-hot-5cc6fb9e?mod=e2tw">to</a> the Wall Street Journal, both strategic restaurant operators and private equity buyers are interested.
The North Carolina–based fast-casual brand has been expanding thanks to U.S. chicken chain sales spiking 9% last year. 
The potential sale comes amid a broader M&amp;A wave in the restaurant industry. Recent deals include Roark Capital's <a href="https://www.benzinga.com/markets/large-cap/25/06/45829771/heres-how-daves-hot-chicken-went-from-humble-beginnings-to-a-billion-dollar-food-empire">acquisition of</a> Dave's Hot Chicken, Blackstone's <a href="https://www.benzinga.com/markets/24/11/42167861/blackstone-takes-a-bite-out-of-jersey-mikes-with-8-billion-investment">stake in</a> Jersey Mike's, and Sycamore Partners' purchase of Playa Bowls. 
Meanwhile, Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Irth Capital have <a href="https://www.benzinga.com/m-a/25/06/45908298/papa-johns-takeover-rumors-swirl-but-doubts-are-creeping-in">made a $2 billion bid</a> for Papa John's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>). Coincidentally, Irth's co-founder previously led the Bojangles buyout at Durational.
Also for sale:
<ul class="wp-block-list">
<li>South Korean retailer Homeplus; The <a href="https://www.bloomberg.com/news/articles/2025-06-13/mbk-seeks-buyer-for-struggling-korean-supermarket-chain-homeplus?srnd=phx-deals&amp;sref=TBDibEcD">seller</a> is MBK Partners, Bloomberg reports.</li>
<li>Texas-based Healix Infusion Care, a portfolio company of TA Associates, <a href="https://www.axios.com/pro/health-tech-deals/2025/06/12/ta-associates-healix-infusion-care-sale">per</a> Axios.</li>
</ul>
<h3 class="wp-block-heading">Updates From The Block</h3>
<ul class="wp-block-list">
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">acquired a 49% stake</a> in Scale AI, a startup that values the company at more than $29 billion. The $14.8 billion all-cash transaction marks Meta's largest investment in a company since its $19 billion acquisition of WhatsApp a decade ago. As part of the agreement, Scale AI CEO Alexandr Wang will join Meta, although Meta will hold only non-voting stock and forgo governance rights such as board representation, veto power, or drag-along rights. These structural decisions are widely viewed as a strategy to avoid triggering antitrust concerns at a time when regulatory scrutiny of <a href="https://www.benzinga.com/topic/big-tech">Big Tech remains high</a>.</li>
</ul>
<ul class="wp-block-list">
<li>Advent International is in exclusive talks to acquire Air Wick maker Essential Home, the consumer goods unit of Reckitt (LSE: RKT), Reuters <a href="https://www.reuters.com/business/finance/reckitt-talks-exclusively-advent-essential-home-sale-sources-say-2025-06-11/">reports</a>. </li>
</ul>
<ul class="wp-block-list">
<li>Craneware (LSE: CRW), a British enterprise software firm, rejected a £938.4 million offer from Bain Capital, calling the private equity firm&#8217;s offer a lowball. The £26.50 per share bid was a 38% premium—but apparently not enough to impress. </li>
</ul>
<h3 class="wp-block-heading">Off The Block</h3>
<ul class="wp-block-list">
<li>After over two years of corporate tug-of-war, Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has finally bought out Comcast's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) one-third stake in Hulu. According to Variety, Disney managed to haggle the price down. Instead of shelling out the full $27.5 billion valuation Comcast wanted, Disney — which had about $5.852 billion in cash on hand for the quarter ending March 31 — will pay about $9 billion for the stake. This includes an extra $438.7 million recently agreed upon after arbitration.</li>
</ul>
<h3 class="wp-block-heading">Bankruptcy Block</h3>
<ul class="wp-block-list">
<li>Auto parts supplier Marelli Holdings Co., which serves major automakers like Nissan and Stellantis (Jeep), has <a href="https://www.wsj.com/articles/auto-supplier-marelli-files-for-bankruptcy-to-hand-lenders-control-ed401dda?gaa_at=eafs&amp;gaa_n=ASWzDAjPClGFpuU2kdlfILXFqkzYYLEbGSGEDi8wU1vCxDz-KDhuumjVHnQd2E3iGdA%3D&amp;gaa_ts=684c436c&amp;gaa_sig=GZX70VBs_FQJP-fMVXsnMyK8bwQpKg8SiPUs7IOdakriGJ3Dhr774aDbj60rWEAo5-LRilaHNhgaQDPINOS7UQ%3D%3D">filed</a> for bankruptcy protection due to years of losses, a heavy debt load, and worsening conditions tied to Trump-era tariffs. The company, formed in 2019 through a KKR-led merger of Fiat Chrysler&#8217;s parts unit and a Japanese supplier, employs over 40,000 people globally.CEO David Slump said Marelli was already weakened by Covid-related supply chain disruptions when its financial position deteriorated further in March due to tariffs that hit import/export-dependent businesses like theirs especially hard. The firm, burdened with nearly $5 billion in debt, was also hurt by the prolonged semiconductor shortage. Despite the filing, Marelli plans to continue operating under a restructuring deal backed by over $1 billion in new financing.</li>
</ul>
<ul class="wp-block-list">
<li>Sunnova Energy International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NASDAQ">NOVA</a>), one of the largest rooftop solar companies in the U.S., has received court approval to begin using a $90 million bankruptcy loan to keep operating while it looks to sell its business under Chapter 11. Judge Alfredo Perez approved an initial $15 million draw, with the rest pending future approval. Earlier this week, a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-19/oaktree-buys-up-position-in-sunnova-debt-ahead-of-talks">report</a> suggested Oaktree Capital Management has been <a href="https://www.benzinga.com/news/25/03/44423358/sunnova-energy-nova-stock-is-volatile-whats-going-on">buying up debt in the company</a>.</li>
</ul>
<h3 class="wp-block-heading">Notes From The Block</h3>
Benzinga sat down with 28-year-old financial advisor Luke Lloyd, founder of the newly launched Lloyd Financial Group. Formerly a wealth advisor at Strategic Wealth Partners, where he helped manage $1.5 billion in client assets, Lloyd brings a sharp eye for macroeconomic trends, individual stock analysis, and deal-making dynamics. 
Now running his own RIA firm, he's focused on delivering personalized, strategic investment guidance with a deep understanding of today's fast-moving financial landscape, including hot takes on M&amp;A:
<h3 class="wp-block-heading">Benzinga: Where do you think the most consolidation is going to happen this year and next?</h3>
Lloyd: It&#8217;s going to be where all the money&#8217;s at. It&#8217;s going to be big tech. Take Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and add up all their cash accounts. If these tech giants are collecting 5% of their cash on interest, and interest rates drop at all, they will go out there and buy everything they can buy. I also think the most divesting will also happen in tech. These big corporations are too inefficient. They&#8217;re too big. 
<h3 class="wp-block-heading">BZ: What should they do?</h3>
Lloyd: The most efficient way is to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/02/11119830/6-analysts-react-to-the-paypal-ebay-split">do something like</a> eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) and PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) did. There are all these ways you can break up your company and actually make more money and add more shareholder value. These guys can write $2 billion checks to these small, mid-cap companies and not even feel a single thing. They&#8217;re making more on their interest, on their cash accounts, than they are writing those checks. Divesting the big parts of tech will also happen, probably in the next couple of years. I&#8217;m not saying it will happen this year, but in the next couple of years — I talked about this on Fox Business, probably six months ago — Apple will get broken up to focus on growth areas, like AI. Apple is behind the eight-ball with AI compared to others. 
<h3 class="wp-block-heading">BZ: That&#8217;s something that Senator Bernie Sanders would like to <a href="https://www.politico.com/story/2019/07/16/bernie-sanders-facebook-google-amazon-1416786">hear</a>.</h3>
Lloyd: I&#8217;m not saying the government&#8217;s going to do it. I&#8217;m saying I think it&#8217;s in the company&#8217;s best interest. Corporations themselves should want to break up in some ways because they make more money and become more efficient. If they can lean up certain sectors and areas, they can actually be able to deliver more shareholder value.
<h3 class="wp-block-heading">BZ: We&#8217;re not hearing much of that conversation from big tech.</h3>
Lloyd: I&#8217;m not either. I just hope it happens to add more shareholder value. I think they&#8217;re too fat and fluffy, and I think that it&#8217;s definitely possible and something that could happen that I&#8217;m keeping an eye on.
Check back soon for our whole conversation with Lloyd; <a href="https://www.benzinga.com/m-a/25/06/45822510/deal-dispatch-tv-stations-for-sale-this-buyer-wants-seconds-on-pasta">For last week&#8217;s edition of the Deal Dispatch, click here</a>.
Now Read:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45926431/people-will-flee-to-bitcoin-coinbase-ceo-sees-end-of-fiat-era-coming">&#8216;People Will Flee&#8217; To Bitcoin: Coinbase CEO Sees End Of Fiat Era Coming</a></li>
</ul>
Image created using a photo from Shutterstock.

AAPL

AMZN

CMCSA

EBAY

GOOG

MSFT

NOVA

PYPL

PZZA

Deal Dispatch: Chicken Chains, Solar Pains And Disney's Hulu Gains — Plus, Why Big Tech Should Break Up

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$70.00</td>
<td>$89.7K</td>
<td>1.4K</td>
<td>1.7K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$10.00</td>
<td>$66.0K</td>
<td>43.2K</td>
<td>870</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/27/25</td>
<td>$345.00</td>
<td>$27.2K</td>
<td>64</td>
<td>842</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$47.50</td>
<td>$27.4K</td>
<td>861</td>
<td>671</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/15/26</td>
<td>$500.00</td>
<td>$215.0K</td>
<td>473</td>
<td>606</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$73.00</td>
<td>$30.5K</td>
<td>405</td>
<td>513</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$275.00</td>
<td>$63.9K</td>
<td>4.4K</td>
<td>445</td>
</tr>
<tr>
<td>FHN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$15.00</td>
<td>$45.1K</td>
<td>3.0K</td>
<td>280</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$11.00</td>
<td>$28.5K</td>
<td>987</td>
<td>100</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option sweep with bullish sentiment. It expires in 63 day(s) on August 15, 2025. Parties traded 156 contract(s) at a $70.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $89.7K, with a price of $575.0 per contract. There were 1436 open contracts at this strike prior to today, and today 1796 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option trade with bearish sentiment. It expires in 581 day(s) on January 15, 2027. Parties traded 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $660.0 per contract. There were 43240 open contracts at this strike prior to today, and today 870 contract(s) were bought and sold. 
• Regarding V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we observe a put option sweep with bullish sentiment. It expires in 14 day(s) on June 27, 2025. Parties traded 69 contract(s) at a $345.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $395.0 per contract. There were 64 open contracts at this strike prior to today, and today 842 contract(s) were bought and sold. 
• For UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we notice a put option sweep that happens to be bullish, expiring in 189 day(s) on December 19, 2025. This event was a transfer of 31 contract(s) at a $47.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $885.0 per contract. There were 861 open contracts at this strike prior to today, and today 671 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 336 day(s) on May 15, 2026. This event was a transfer of 200 contract(s) at a $500.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $215.0K, with a price of $1075.0 per contract. There were 473 open contracts at this strike prior to today, and today 606 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on June 27, 2025. Parties traded 100 contract(s) at a $73.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $307.0 per contract. There were 405 open contracts at this strike prior to today, and today 513 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option sweep with bearish sentiment. It expires in 35 day(s) on July 18, 2025. Parties traded 156 contract(s) at a $275.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $63.9K, with a price of $410.0 per contract. There were 4477 open contracts at this strike prior to today, and today 445 contract(s) were bought and sold. 
• Regarding FHN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), we observe a call option sweep with bullish sentiment. It expires in 63 day(s) on August 15, 2025. Parties traded 100 contract(s) at a $15.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $452.0 per contract. There were 3017 open contracts at this strike prior to today, and today 280 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option trade with bearish sentiment. It expires in 35 day(s) on July 18, 2025. Parties traded 100 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $285.0 per contract. There were 987 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

SOFI

UPST

9 Financials Stocks With Whale Alerts In Today's Session

Chimera Investment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIM#NYSE">CIM</a>) announced Thursday it will acquire HomeXpress Mortgage Corp., a non-QM and non-agency loan originator with a nationwide footprint <a href="https://www.benzinga.com/pressreleases/25/06/b45900081/chimera-investment-corporation-nyse-cim-chimera-announces-definitive-agreement-to-acquire-homexpre">spanning 46 states and Washington, D.C</a>.
The deal, signed on June 11, includes a payment of $120 million in cash and 2,077,151 shares of Chimera stock. It will be executed through Chimera's taxable REIT subsidiary, Chimera Funding TRS.
The acquisition will expand Chimera's access to mortgage loan origination and strengthen its securitization and servicing operations, aligning with its long-term growth strategy. The transaction is expected to close in the fourth quarter of 2025.
Also Read: <a href="https://www.benzinga.com/real-estate/25/06/45831855/gen-z-turns-to-siblings-and-side-hustles-to-afford-homes-amid-soaring-prices">Gen Z Turns To Siblings And Side Hustles To Afford Homes Amid Soaring Prices</a>
Chimera anticipates the deal will be earnings-accretive beginning in 2026. HomeXpress has operated profitably since its founding in 2016, generating $47 million in pre-tax income in 2024. 
The company originated $2.5 billion in loans last year and projects $3.5 billion in volume for 2025, supported by its strong broker and correspondent partner network.
Following the acquisition, HomeXpress will continue as a wholly owned subsidiary, with CEO Kyle Walker and his senior leadership team staying on to lead the business.
Chimera also plans to leverage existing net operating losses to offset the acquisition premium. It will gain additional revenue streams through origination fees and gain-on-sale income, helping diversify its earnings base.
CIM held cash and cash equivalents of <a href="https://www.benzinga.com/pressreleases/25/05/b45280351/chimera-investment-corporation-reports-1st-quarter-2025-earnings" target="_blank" rel="noreferrer noopener">$253.349 million</a> as of March 31, 2025.
Other companies involved in the residential and mortgage sector include PennyMac Financial Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) and Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>).
Investors may also watch mortgage-focused ETFs, such as the iShares MBS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBB#NASDAQ">MBB</a>) and the VanEck Mortgage REIT Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MORT#NYSE">MORT</a>).
Price Action: CIM shares are trading lower by 0.22% to $13.89 premarket at last check Thursday.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45900930/gold-surpasses-euro-to-become-second-largest-reserve-asset-still-far-behind-dollar-ecb-says" target="_blank" rel="noreferrer noopener">Gold Surpasses Euro To Become Second-Largest Reserve Asset, Still Far Behind Dollar, ECB Says</a></li>
</ul>
Photo by Gumbariya via Shutterstock

MORT

PFSI

Chimera Expands Mortgage Reach With HomeXpress Acquisition

Rocket Companies, Inc. (NYSE:&nbsp;RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today priced its private offering of $2.0 billion aggregate principal amount of 6.125% senior notes due 2030 and $2.0 billion aggregate principal amount of 6.375% senior notes due 2033 (collectively, the "Notes" and such offering, the "Offering").
The Offering is expected to close on June 20, 2025, subject to certain customary conditions.
The Company intends to use the proceeds from the Offering to (i) on the closing date for the Mr. Cooper Acquisition, redeem NMH's 5.000% senior notes due 2026, 6.000% senior notes due 2027 and 5.500% senior notes due 2028 at redemption prices equal to 100% of the principal amount of such notes, plus accrued and unpaid interest to, but excluding, the redemption date (the "Redemption"), (ii) pay fees and expenses related to the Offering and the Redemption, (iii) at the Company's discretion, redeem, purchase (including, if required, in a change of control offer) and/or amend NMH's 6.500% senior notes due 2029, 5.125% senior notes due 2030, 5.750% senior notes due 2031 and 7.125% senior notes due 2032 and pay fees and expenses in connection therewith and (iv) after the consummation of the Mr. Cooper Acquisition, repay secured debt of the Company and its subsidiaries (including Redfin, Mr. Cooper and their subsidiaries).

Rocket Companies Prices $4B Private Offering Of Senior Notes: $2B At 6.125% Due 2030, $2B At 6.375% Due 2033

<a href="https://x.com/CitronResearch/status/1930632361051365622">https://x.com/CitronResearch/status/1930632361051365622</a>
<a href="https://www.warren.senate.gov/imo/media/doc/letter_from_senators_warren_booker_smith_to_the_department_of_justice_and_federal_trade_commission_on_rocket_mergers.pdf">https://www.warren.senate.gov/imo/media/doc/letter_from_senators_warren_booker_smith_to_the_department_of_justice_and_federal_trade_commission_on_rocket_mergers.pdf</a>
&nbsp;

Politics

General

COOP

Citron Research Posts On X "$RKT Elizabeth Warren and Bernie Sanders have NEVER made Citron want to buy a stock….until now. In her June 3rd letter, Senator Elizabeth Warren tried to sound the alarm on Rocket's merger with Redfin and Mr. Cooper—what she really did was ring the bell for investors to load up on Rocket stock.  Warren warns the combined company will "dominate the entire homebuying process." Yes, exactly—and that's the point. ..."

UBS analyst Douglas Harter maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Neutral and raises the price target from $13 to $14.

UBS Maintains Neutral on Rocket Companies, Raises Price Target to $14

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>). &#8220;I just think this is a decent level to start a position if you don't have any<a href="https://www.benzinga.com/quote/LLY">,</a>&#8220;<a href="https://www.benzinga.com/quote/LLY"> he noted</a>.
As per recent news, Lilly&#8217;s Kisunla (donanemab) received marketing authorization in Australia on May 21 for the treatment of early symptomatic Alzheimer&#8217;s disease.
&#8220;That one's done,&#8221; Cramer said when asked about Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>). &#8220;I say take your money out that you put in and then you can let the rest ride.&#8221;
Nvidia, last week, selected the company to collaborate on 800V HVDC architecture.
Cramer recommended taking profit from Mr. Cooper Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NYSE">COOP</a>). &#8220;That thing's done,&#8221; he added.
Supporting his view, Mr. Cooper posted weaker-than-expected quarterly sales on April 23.
Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) is &#8220;just one darn crazy&#8221; stock, adding that the stock is not making any money.
On the earnings front, Red Cat reported first-quarter revenue of $1.63 million on May 14, missing analyst estimates of $3.85 million. The company reported a first-quarter loss of 27 cents per share, missing analyst estimates for a loss of eight cents per share, according to Benzinga Pro.
Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) is a &#8220;very fine&#8221; company, Cramer said.
Lending support to his choice, Rocket Companies, on May 8, posted better-than-expected quarterly sales.
&#8220;I've got to tell you, I am not in the oil service business,&#8221; Cramer said when asked about Liberty Energy Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBYE#OTC">LBYE</a>). He said he didn&#8217;t &#8220;care for the stock&#8221; of Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) but liked Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>).
The Mad Money host said he likes Rio Tinto Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>).
As per recent news, Rio Tinto on Thursday disclosed that its CEO, Jakob Stausholm, will step down later this year. Jakob joined the company in 2018 as executive director and CFO and took on the role of CEO in January 2021.
When asked about DeFi Development Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFDV#NASDAQ">DFDV</a>), Cramer recommended buying Bitcoin (CRYPTO: BTC).
On May 16, DeFi Development announced a partnership with BONK to operate and manage a jointly backed validator node.
Price Action:
<ul class="wp-block-list">
<li>Eli Lilly shares fell 0.2% to settle at $713.71 on Friday.</li>
<li>Navitas shares declined 12.7% to close at $4.41 during the session.</li>
<li>Rocket shares gained 0.9% to settle at $12.68.</li>
<li>Rio Tinto shares gained 0.8% to close at $61.58.</li>
<li>DeFi Development shares dipped 18.9% to settle at $34.45 on Friday.</li>
<li>Red Cat shares gained 1.3% to settle at $6.82 on Friday.</li>
<li>Liberty Energy shares closed at 0.0001 during the session.</li>
<li>Mr. Cooper shares gained 1.6% to close at $129.50.</li>
</ul>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/earnings/25/05/45585696/how-to-earn-500-a-month-from-dicks-sporting-goods-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Dick&#8217;s Sporting Goods Stock Ahead Of Q1 Earnings</a></li>
</ul>
Photo: Shutterstock

$BTC

DFDV

LBYE

NVTS

RCAT

Jim Cramer Says Rocket Is A 'Very Fine' Company, Recommends Buying This Health Care Stock

As ValueAct Holdings, LP. buys a fresh stake in Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), Andrew Left&#8216;s Citron Research endorses the move, calling the investment a &#8220;multi-year story.&#8221;
What Happened: The co-CEO and CIO of ValueAct, Mason Morfit, added 6.728 million shares worth $81.213 million to its portfolio during the first quarter, according to its 13F filings.
The company represented 1.8% of ValueAct&#8217;s total holdings as of the first quarter.
However, Rocket&#8217;s recent SEC filing dated May 15 showed that ValueAct held 15.125 million shares in the company, representing 9.9% of the total stake.
Citron Research cited this in an X post and lauded the co-CEO, Morfit, for being the &#8220;most strategic, long-term thinkers&#8221; and stating that he is one of the minds who reshaped Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) from the boardroom. 
&#8220;When someone like that sees $RKT as a compounder, it's not about quarterly noise—it's the start of a multi-year story,&#8221; said Citron&#8217;s post.
Highlighting Morfit&#8217;s comments, it added, &#8220;The CEO called Rocket a &#8216;sleeping giant&#8217; in its &#8216;early innings&#8217; yesterday,&#8221; the post added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24RKT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RKT</a> – Game on. ValueAct just filed a 10% stake. Mason Morfit isn't just any investor—he's the mind who reshaped Microsoft from the boardroom. Citron has been active on Wall Street for 25+ years, and Morfit remains one of the most strategic, long-term thinkers we've ever met.…
&mdash; Citron Research (@CitronResearch) <a href="https://twitter.com/CitronResearch/status/1923119403777786252?ref_src=twsrc%5Etfw">May 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45399940/warren-buffett-shows-how-patience-pays-98-of-his-160-billion-wealth-came-after-turning-65-thanks-the-power-of-compound-interest">Warren Buffett Shows How Patience Pays: 98% Of His $160 Billion Wealth Came After Turning 65, Thanks The Power Of &#8216;Compound Interest&#8217;</a>
Why It Matters: Apart from Rocket Companies, ValueAct&#8217;s 13F filings showed 13 more companies that the firm held a stake in, after the first quarter. Here is a list of all its holdings.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Holdings As Of Q1</td>
<td>Stake</td>
<td>Value (In Million)</td>
</tr>
<tr>
<td>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>)</td>
<td>17%</td>
<td>$777.84</td>
</tr>
<tr>
<td>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</td>
<td>14%</td>
<td>$648.07</td>
</tr>
<tr>
<td>Insight Enterprises Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSIT#NASDAQ">NSIT</a>)</td>
<td>13%</td>
<td>$609.22</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>13%</td>
<td>$584.93</td>
</tr>
<tr>
<td>Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</td>
<td>11%</td>
<td>$510.91</td>
</tr>
<tr>
<td>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</td>
<td>10%</td>
<td>$460.14</td>
</tr>
<tr>
<td>Liberty Media Corp. Series C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LLYVK#NASDAQ">LLYVK</a>)</td>
<td>5.80%</td>
<td>$266.01</td>
</tr>
<tr>
<td>Expedia Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>)</td>
<td>4.10%</td>
<td>$187.79</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>)</td>
<td>2.50%</td>
<td>$115.60</td>
</tr>
<tr>
<td>Liberty Media Corp. Series A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LLYVA#NASDAQ">LLYVA</a>)</td>
<td>2.40%</td>
<td>$111.53</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>2.30%</td>
<td>$107.14</td>
</tr>
<tr>
<td>Toast Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>)</td>
<td>1.90%</td>
<td>$86.15</td>
</tr>
<tr>
<td>Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>)</td>
<td>1.80%</td>
<td>$81.21</td>
</tr>
<tr>
<td>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>)</td>
<td>0.80%</td>
<td>$34.98</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Shares of RKT rose 1.35% on Thursday. The stock was up 17.70% on a year-to-date basis, but 8% lower over a year. It was trading nearly 6% higher during the premarket session on Friday.
Benzinga Edge Stock Rankings shows that RKT had a stronger price trend over the short and the medium term but a weaker trend over the long term. Its momentum ranking was moderate at the 37.21th percentile. You can check the details of other metrics <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">over here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16064327/RKT-EDGE-1024x147.png" alt="" class="wp-image-917733" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16064327/RKT-EDGE-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16064327/RKT-EDGE-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16064327/RKT-EDGE-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16064327/RKT-EDGE.png 1219w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.24% to $591.85, while the QQQ advanced 0.24% to $520.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45461488/walmart-e-commerce-turns-profitable-for-the-first-time-despite-reduced-tariffs-ceo-says-full-impact-cant-be-absorbed-price-hikes-likely">Walmart E-Commerce Turns Profitable For The First Time: Despite Reduced Tariffs, CEO Says Full Impact Can&#8217;t Be Absorbed, Price Hikes Likely</a></li>
</ul>
Image Via Shutterstock

Equities

Market Summary

Broad U.S. Equity ETFs

Futures

Hedge Funds

ETFs

EXPE

LLYVA

LLYVK

NSIT

RBLX

TOST

Rocket Companies Soars 6% In Friday Premarket As Activist Investor ValueAct Reveals New Position, Calls RKT A 'Sleeping Giant' In Early Innings

ValueAct Capital Management Disclosed 9.9% Stake In Rocket Companies

<a href="https://x.com/CitronResearch/status/1922673256789893510" title="https://x.com/CitronResearch/status/1922673256789893510">https://x.com/CitronResearch/status/1922673256789893510</a>

Watching Rocket Companies; Shares See Volume To The Upside, Citron Research Posts On X "Just bought more $RKT Rocket is about to Rocket- and we have already seen a "turning point".  ..."

Best known <a href="https://www.benzinga.com/general/gaming/23/01/30412695/gamestop-short-squeeze-anniversary-a-look-back-at-david-vs-goliath-battle-and-whats-next">for shorting stocks</a> like GameStop, Citron Research's Andrew Left also shares long calls on stocks that are undervalued by Wall Street.
Citron shared its latest stock pick Tuesday, a company it believes is misunderstood by investors.
What Happened: Citron said Tuesday it is "pounding the table" on Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), a company best known for its mortgage and personal finance businesses. Citron said <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44565671/rocket-acquires-mr-cooper-just-weeks-after-buying-redfin-brings-together-the-homeownership-experience-at-scale">recent acquisitions by the company</a> could also help the bullish case.
"This will be our call of the year!" Citron <a href="https://x.com/CitronResearch/status/1922295155253821907">tweeted</a>.
Citron said Rocket Companies is a "sleeping juggernaut of real estate" with vertical integration. The tweet said the company is leveraging AI and data to "build the Amazon of Housing."
Rocket is more than a play on mortgage refinances and doesn't need lower interest rates to win, the tweet said.
"Rocket is building the dominant real estate platform – where higher rates weed out competition and drive more share to scale players."
Citron said the U.S. mortgage market is still behind with less than 15% of mortgages originating online, despite 85% of home searches starting online.
AI could be Rocket's biggest advantage with the company building proprietary, in-house AI, according to Citron.
"Rocket Logic is quietly becoming the brain of the entire platform. This is Salesforce meets Zillow meets TurboTax, but for mortgages."
The tweet says Rocket is using AI in a boring sector, likely hurting its valuation.
"Rocket is quietly using AI to modernize the most broken part of consumer finance: housing."
Read Also: <a href="https://www.benzinga.com/25/04/44942759/gamestop-short-seller-andrew-left-goes-long-on-china-and-these-two-us-stocks-amid-the-market-correction-heres-more-on-it">GameStop Short Seller Andrew Left Goes Long On China And These 2 US Stocks Amid Market Correction</a>
What's Next: Citron said Rocket's recent acquisition of Mr. Cooper was underappreciated and creates a 1+1=3 scenario. The acquisition adds scale, reach, leads and margin expansion according to Citron Research.
The tweet lays out Rocket Companies&#8217; future valuation in the first refinance boom. The company gained EBITDA and scale from the acquisitions of Mr. Cooper and Redfin. Citron predicts Rocket Companies could have $4 billion of annual EBITDA in the future.
With a 15x multiple on EBITDA, an enterprise value of $60 billion is reached, which would make Rocket Companies stock worth around $33.33.
"Rocket Mortgage is on track to become the most dominant mortgage company in the world within three years. The U.S. residential housing market is the largest commerce vertical on the planet – bigger than autos, bigger than health care – and it's still largely analog, fragmented, and inefficient."
RKT Price Action: Rocket Companies stock is up 4.1% to $12.14 on Tuesday versus a 52-week trading range of $10.06 to $21.38. Rocket Companies stock is up 12.1% year-to-date in 2025, while shares remain down over 15% in the last year.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/01/43258090/gamestop-short-seller-wants-freedom-of-speech-for-millions-having-stock-market-conversations-questioning-sec-on-what-protects-honest-opinions">Gamestop Short Seller Wants Freedom Of Speech For &#8216;Millions&#8217; Having Stock Market Conversations, Questioning SEC On &#8216;What Protects Honest Opinions?&#8217;</a></li>
</ul>
Photo: bilanol/shutterstock

Real Estate

Rocket Companies Is Citron's 'Call of the Year,' Dubbed The 'Amazon Of Housing'

<a href="https://x.com/citronresearch/status/1922295155253821907?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg" title="https://x.com/citronresearch/status/1922295155253821907?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg">https://x.com/citronresearch/status/1922295155253821907?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg</a>

Rocket Company Shares See Volume; Citron Research Issues Post On X

Keefe, Bruyette &amp; Woods analyst Bose George maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Market Perform and lowers the price target from $15 to $13.

Keefe, Bruyette & Woods Maintains Market Perform on Rocket Companies, Lowers Price Target to $13

Legal

Press Releases

Levi & Korsinsky Notifies Rocket Companies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – RKT

INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Rocket Companies, Inc. of Class Action Lawsuit and Upcoming Deadlines - RKT

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 8, 2025 in Rocket Companies, Inc. Lawsuit - RKT

Shareholders of Rocket Companies, Inc. Should Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights – RKT

Rocket Companies, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights - RKT

Rocket Companies Completes Acquisition of Redfin

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 8, 2025 in Rocket Companies Lawsuit - RKT

Levi & Korsinsky Reminds Rocket Companies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 8, 2025 – RKT

RKT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Rocket Companies, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Enact Holdings

Federal Agricultural Mortgage Corporation Common Stock

Federal Agricultural

Better Home & Finance Holding Company - Class A Common Stock

Better Home & Finance

Mr. Cooper Gr

Essent Group

Finance of America Companies Inc. Class A Common Stock

Finance of America

Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests

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