Activist investor Dan Loeb's Third Point LLC significantly boosted its stake in Rocket Companies, Inc. (NYSE:RKT) by 138% in the fourth quarter of 2025.
According to a recent 13F filing, reflecting his holdings as of Dec. 31, 2025, Third Point boosted its stake in the mortgage company to 9.5 million from 4.0 million in the third quarter of 2025.
Recent Earnings Release & Analyst View
- Rocket reported fourth-quarter earnings of 11 cents per share, which beat the analyst estimate of nine cents. Revenue came in at $2.44 billion, which beat the Street estimate of $2.26 billion.
- Rocket expects first-quarter revenue in a range of $2.6 billion to $2.8 billion, versus the $2.37 billion analyst estimate.
Keefe, Bruyette & Woods analyst Bose George upgraded Rocket Companies from Market Perform to Outperform and raised the price forecast from $20 to $22.
Barclays analyst Terry Ma upgraded the stock from Equal-Weight to Overweight and cut the price forecast from $22 to $19.
Citizens analyst Mikhail Goberman initiated coverage on the company with a Market Perform rating.
Recent Economic Trends
- The 30-year fixed mortgage rate rose to 6.22% for the week ending March 19, up from 6.11% the prior week, according to Freddie Mac its highest level in more than three months. The Iran conflict has pushed the 10-year Treasury yield to 4.26%, from 3.96% before fighting began, lifting borrowing costs across the housing market.
- Also, in March, Mortgage applications fell nearly 11% week over week. New single-family home sales dropped nearly 18% in January from the prior month and were down 11.3% year over year, according to the Census Bureau.
- Experts said the U.S. housing market is more likely to enter a normalization cycle than a systemic crash, even as affordability strains and demographic headwinds persist heading into the spring buying season.
- Zillow’s March forecast projects home values rising approximately 0.7% year over year by the end of 2026, with existing home sales reaching about 4.24 million transactions.
- Notably, President Donald Trump signed an executive order on March 13 directing regulators to revise Ability-to-Repay and Qualified Mortgage rules, ease compliance burdens on community banks and modernize the mortgage process through electronic signatures and AI-based appraisals.
- The administration said its $200 billion in mortgage-backed securities purchases has lowered the cost of a new mortgage by $5,000.
- Personal finance analyst Dave Ramsey says record levels of car, student loan and credit card debt are draining the disposable income young Americans need to enter the housing market and the timing could not be worse, with mortgage rates hitting a three-month high just as the spring buying season opens.
Upcoming Earnings Estimates
Looking further out, the next major catalyst for the stock arrives with the May 7, 2026 (estimated) earnings report.
- EPS Estimate: 14 cents (Up from 4 cents YoY)
- Revenue Estimate: $2.75 Billion (Up from $1.30 Billion YoY)
Top ETF Exposure
- Schwab US Small-Cap ETF (NYSE:SCHA): 0.47% Weight
- Schwab Fundamental US Small Company ETF (NYSE:FNDA): 0.39% Weight
- SPDR S&P Bank ETF (NYSE:KBE): 1.99% Weight
Significance: Because RKT carries meaningful weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
RKT Stock Price Activity: Rocket Companies shares were down 0.10% at $14.95 at the time of publication on Monday, according to Benzinga Pro data.
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