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Rocket Companies Stock Price, News & Analysis (NYSE:RKT)

$10.51
+0.16 (+1.55%)
(As of 05:28 PM ET)
Compare
Today's Range
$10.26
$10.54
50-Day Range
$7.22
$10.36
52-Week Range
$6.63
$11.94
Volume
1.88 million shs
Average Volume
2.29 million shs
Market Capitalization
$20.83 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.68

Rocket Companies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.73 Rating Score
Upside/​Downside
17.5% Downside
$8.68 Price Target
Short Interest
Bearish
20.10% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.06mentions of Rocket Companies in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.19) to $0.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.20 out of 5 stars

Business Services Sector

236th out of 252 stocks

Mortgage Bankers & Correspondents Industry

6th out of 6 stocks


RKT stock logo

About Rocket Companies Stock (NYSE:RKT)

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a digital, social, and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, a tech-driven, residential solar energy provider; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rocket Central, a professional services organization that provides technology, data, marketing, communication and other services; Rock Connections, a sales and support platform specializing in contact center services; Rocket Innovation Studio that recruits and mentors top technology talent; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.

RKT Stock Price History

RKT Stock News Headlines

Rocket Companies' (RKT) "Sell" Rating Reaffirmed at UBS Group
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Analyst Expectations for Rocket Companies's Future
15 US States with the Most Debt Per Capita
Mortgage rate dip will unleash pent-up demand: Rocket CEO
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Mortgage rate dip will unleash housing demand: Rocket CEO
Rocket Companies (RKT) Q3 2023 Earnings Call Transcript
Rocket Companies Announces Third Quarter 2023 Results
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Fax
N/A
Employees
18,500
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$8.68
High Stock Price Target
$11.00
Low Stock Price Target
$6.00
Potential Upside/Downside
-17.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.73
Research Coverage
11 Analysts

Profitability

Net Income
$46.42 million
Pretax Margin
-18.55%

Debt

Sales & Book Value

Annual Sales
$3.43 billion
Book Value
$4.30 per share

Miscellaneous

Outstanding Shares
1,982,277,000
Free Float
117,945,000
Market Cap
$20.83 billion
Optionable
Not Optionable
Beta
2.27

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Key Executives

  • Mr. Daniel B. Gilbert (Age 61)
    Founder & Chairman of the Board
  • Mr. Brian Nicholas Brown
    CFO & Treasurer
  • Ms. Tina V. John
    General Counsel & Secretary
  • Mr. Varun Krishna (Age 41)
    Chief Executive Officer
  • Mr. William C. Emerson (Age 60)
    President, COO & Director
  • Ms. Sharon Ng
    Vice President of Investor Relations
  • Ms. KimArie Yowell
    Chief Diversity Officer
  • Mr. Bill Banfield
    Executive Vice President-Capital Market of Rocket Mortgage
  • Ms. LaQuanda Sain
    Executive Vice President-Servicing of Rocket Mortgage
  • Mr. Brian Woodring
    Chief Information Officer of Rocket Mortgage














RKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 3 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" RKT shares.
View RKT analyst ratings
or view top-rated stocks.

What is Rocket Companies' stock price target for 2024?

11 Wall Street analysts have issued 1-year price objectives for Rocket Companies' stock. Their RKT share price targets range from $6.00 to $11.00. On average, they anticipate the company's share price to reach $8.68 in the next year. This suggests that the stock has a possible downside of 17.5%.
View analysts price targets for RKT
or view top-rated stocks among Wall Street analysts.

How have RKT shares performed in 2023?

Rocket Companies' stock was trading at $7.00 at the beginning of 2023. Since then, RKT stock has increased by 50.1% and is now trading at $10.51.
View the best growth stocks for 2023 here
.

When is Rocket Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our RKT earnings forecast
.

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) posted its quarterly earnings data on Thursday, November, 2nd. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company earned $1.20 billion during the quarter, compared to analysts' expectations of $1.08 billion. Rocket Companies had a negative trailing twelve-month return on equity of 6.01% and a negative net margin of 0.63%.

Is Rocket Companies a good dividend stock?

Rocket Companies (NYSE:RKT) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for RKT.

What ETFs hold Rocket Companies' stock?
When did Rocket Companies' stock split?

Rocket Companies shares split on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted shares were issued to shareholders after the market closes on Wednesday, August 27th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What other stocks do shareholders of Rocket Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rocket Companies investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Boeing (BA), Block (SQ), DraftKings (DKNG), Zoom Video Communications (ZM), NIO (NIO), Walmart (WMT) and DocuSign (DOCU).

When did Rocket Companies IPO?

(RKT) raised $3.2 billion in an IPO on Thursday, August 6th 2020. The company issued 150,000,000 shares at a price of $20.00-$22.00 per share. Goldman Sachs, Morgan Stanley, Credit Suisse, J.P. Morgan, RBC Capital Markets, Allen & Co, BofA Securities, Barclays, Citigroup and UBS Investment Bank served as the underwriters for the IPO and Castle Oak Securities, Drexel Hamilton, Fifth Third Securities, Huntington Capital Markets, Loop Capital, Mischler Financial, Nomura, Ramirez & Co., Siebert Williams Shank and Zelman Partners were co-managers.

Who are Rocket Companies' major shareholders?

Rocket Companies' stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (0.58%), Boston Partners (0.29%), Davis Selected Advisers (0.17%), Invesco Ltd. (0.15%), Morgan Stanley (0.15%) and Charles Schwab Investment Management Inc. (0.03%). Insiders that own company stock include Jay Farner, Jennifer L Gilbert, Jonathan D Mariner and Matthew Rizik.
View institutional ownership trends
.

How do I buy shares of Rocket Companies?

Shares of RKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Rocket Companies have any subsidiaries?
The following companies are subsidiares of Rocket Companies: Amrock LLC, Rocket Mortgage LLC, and Truebill.
Read More
This page (NYSE:RKT) was last updated on 12/8/2023 by MarketBeat.com Staff

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