This afternoon we watched Rocket drop -5.0% to a price of $13.26 per share. The Large-Cap Diversified Financial company is now trading -6.82% below its average target price of $14.23. Analysts have set target prices ranging from $11.5 to $17.0 per share for Rocket, and have given the stock an average rating of hold.
Rocket has an elevated short interest of 44.0%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 5.06. The company's insiders own 1.89% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. 98.0% of Rocket shares are held by institutional investors, which indicates a high level of confidence in the stock.
Institutions Invested in Rocket
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2025-03-31 | Boston Partners | 9% | 13,704,339 | $181,677,049 |
| 2025-03-31 | Vanguard Group Inc | 8% | 12,793,549 | $169,602,797 |
| 2025-03-31 | JPMORGAN CHASE & CO | 7% | 10,779,625 | $142,904,408 |
| 2025-03-31 | FMR, LLC | 6% | 8,427,850 | $111,727,163 |
| 2025-03-31 | Nuveen, LLC | 5% | 7,992,535 | $105,956,235 |
| 2025-03-31 | ValueAct Holdings, L.P. | 4% | 6,728,509 | $89,199,169 |
| 2025-03-31 | Blackrock Inc. | 4% | 5,598,229 | $74,215,161 |
| 2025-03-31 | State Street Corporation | 3% | 4,799,787 | $63,630,295 |
| 2025-03-31 | Wellington Management Group, LLP | 3% | 4,774,324 | $63,292,735 |
| 2025-03-31 | Technology Crossover Management X, Ltd. | 3% | 4,450,000 | $58,993,204 |
For these reasons, we consider that the Rocket is the subject of mixed market sentiment.
