Rocket Companies(RKT)

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RKT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Rock Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-05-18 20:00
Core Viewpoint - A class action lawsuit has been filed against Rock Holdings, Inc. for alleged violations of federal securities laws related to the sale of Rocket Companies, Inc. stock during a specific period [1][2]. Class Definition - The lawsuit seeks damages for all individuals and entities that purchased Rocket Class A common stock between February 25, 2021, and May 5, 2021, inclusive [2]. Case Details - The Complaint alleges that on March 29, 2021, Rock Holdings, Inc. sold 20,200,000 shares of Rocket Class A common stock at $24.75 per share, totaling approximately $499.95 million, while possessing material non-public adverse information [3]. Next Steps - Investors who suffered losses in Rock Holdings, Inc. have until July 8, 2025, to request to be appointed as lead plaintiff in the case [4]. Cost Structure - The law firm represents investors on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful in the case [5]. Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6].
Investors in Rocket Companies, Inc. Should Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights – RKT
GlobeNewswire News Room· 2025-05-16 17:10
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team: https://www.zlk.com/pslra-1/rocket ...
Class Action Filed Against Rocket Companies, Inc. (RKT) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-05-16 09:45
NEW YORK, May 16, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team:https://www.zlk.com/pslra-1/rocket-compa ...
Rocket Companies (RKT) FY Conference Transcript
2025-05-14 18:00
Summary of Rocket Companies (RKT) FY Conference Call - May 14, 2025 Company Overview - **Company**: Rocket Companies (RKT) - **Industry**: Fintech and Mortgage Industry Key Points and Arguments Investment and Growth - Rocket Companies has invested nearly **$500 million** in technology and AI over the past two years, including two recent acquisitions and a company rebranding [4][25] - The company aims to leverage technology to enhance the homeownership experience, viewing itself as a **homeownership company** rather than just a mortgage company [24] Leadership and Culture - Varun Krishna, the new leader, emphasizes a balanced leadership approach, combining fresh ideas with existing strong company culture [14][15] - Organizational engagement is reported to be high, with employees feeling a strong connection to the company's mission and future [17][18] Operational Efficiency - Compared to two years ago, Rocket is serving **21% more clients**, with turn times improved by **14%** and production team members serving **50% more clients** on average [19][20] - The company is focused on improving efficiency, personalization, and overall customer experience through innovative technology [20] AI Integration - Rocket has invested significantly in building data infrastructure and AI models, aiming for a service-driven, workflow-centric approach rather than traditional app-based engagement [26][29] - The company is exploring the integration of AI into various aspects of the homeownership process, with a focus on creating a seamless digital experience [29][30] Mergers and Acquisitions - Recent acquisitions, including Redfin and Mr. Cooper, are seen as strategic moves to create a more integrated homeownership platform, enhancing customer experience and operational efficiency [39][44] - The integration of these businesses is expected to strengthen Rocket's business model, allowing for better recapture and servicing capabilities [42][56] Market Outlook - The mortgage market is viewed as cyclical, but there is optimism about innovation and technology transforming the industry, particularly through AI and other advancements [61][62] - Rocket aims to capture **8%** of the purchase market and **20%** of the refinance market, with recent acquisitions expected to accelerate these goals [59][60] Cultural Integration - The company is taking a rigorous approach to ensure cultural alignment during the integration of acquired companies, focusing on open communication and shared values [46][50] Future Vision - Rocket Companies envisions a future where homeownership is simplified and made more accessible through technology, aiming to modernize the homeownership experience [52][64] Additional Important Insights - The mortgage industry is described as adversarial and inefficient, with Rocket aiming to build a better system for consumers [40][41] - The company believes that a strong focus on process optimization and AI will be crucial for future success [38][39] This summary encapsulates the key discussions and insights from the Rocket Companies FY Conference Call, highlighting the company's strategic direction, operational improvements, and vision for the future of homeownership.
Rocket Companies(RKT) - 2025 Q1 - Quarterly Report
2025-05-09 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-39432 Rocket Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 84 ...
Rocket Companies(RKT) - 2025 Q1 - Earnings Call Presentation
2025-05-09 01:13
Investor Presentation May 2025 Investor Presentation | May 2025 1 of 38 Disclaimer This presentation contains and related discussions may contain "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements include information concerning possible or assumed future results of operations, Rocket Companies, Inc.'s (the "Company") business plans and strategies, the Company's ability to cross-sell and up-sell the Company's products, the Company's proposed acquisitio ...
Rocket Companies (RKT) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-08 23:30
Rocket Companies (RKT) reported $1.3 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 6.3%. EPS of $0.04 for the same period compares to $0.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.22 billion, representing a surprise of +6.03%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.04.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...
Rocket Companies (RKT) Matches Q1 Earnings Estimates
ZACKS· 2025-05-08 22:40
Rocket Companies (RKT) came out with quarterly earnings of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.04, delivering a surprise of 33.33%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Rocket Companies, which belongs ...
Rocket Companies(RKT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:32
Rocket Companies (RKT) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Sharon Ng - VP of IRVarun Krishna - Chief Executive OfficerBrian Brown - CFO & TreasurerRyan Nash - Managing Director - Regional Banks & Consumer FinanceMark Devries - DirectorBose George - Managing DirectorJeff Adelson - Executive Director Conference Call Participants Douglas Harter - Equity Research AnalystMihir Bhatia - Equity Research Analyst Operator Thank you for standing by, and welcome to The Rocket Company's ...
Rocket Companies(RKT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:30
Rocket Companies (RKT) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 Thank you for standing by, and welcome to The Rocket Company's First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I'd now like to turn the call over to Sharon Ng, Head of Investor Relations. You may begin. Speaker1 Good afternoon, everyone, and thank you for joining us fo ...