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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:RKT

Rocket Companies Stock Forecast, Price & News

$7.73
+0.32 (+4.32%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$7.44
$7.84
50-Day Range
$6.37
$9.65
52-Week Range
$6.27
$20.84
Volume
6.17 million shs
Average Volume
5.10 million shs
Market Capitalization
$15.23 billion
P/E Ratio
4.66
Dividend Yield
N/A
Price Target
$11.08
30 days | 90 days | 365 days | Advanced Chart

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RKT Stock Forecast (MarketRank)

Overall MarketRank

3.05 out of 5 stars

Business Services Sector

16th out of 469 stocks

Mortgage Bankers & Correspondents Industry

2nd out of 8 stocks

Analyst Opinion: 4.0Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 3.1 5 -4 -3 -2 -1 -
Rocket Companies logo

About Rocket Companies (NYSE:RKT)

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses 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, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; 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 News Headlines

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Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Fax
N/A
Employees
26,000
Year Founded
1985

Company Calendar

Last Earnings
5/10/2022
Today
6/24/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$11.08
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$6.50
Forecasted Upside/Downside
+43.3%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
13 Analysts

Profitability

Net Income
$308.21 million
Pretax Margin
39.87%

Debt

Sales & Book Value

Annual Sales
$12.91 billion
Cash Flow
$2.48 per share
Book Value
$4.94 per share

Miscellaneous

Outstanding Shares
1,969,955,000
Free Float
118,000,000
Market Cap
$15.23 billion
Optionable
Not Optionable
Beta
1.38

Social Links















Rocket Companies Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Rocket Companies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RKT, but not buy additional shares or sell existing shares.
View analyst ratings for Rocket Companies
or view top-rated stocks.

What is Rocket Companies' stock price forecast for 2022?

13 analysts have issued 1 year price objectives for Rocket Companies' shares. Their RKT stock forecasts range from $6.50 to $18.00. On average, they predict Rocket Companies' stock price to reach $11.08 in the next twelve months. This suggests a possible upside of 43.3% from the stock's current price.
View analysts' price targets for Rocket Companies
or view top-rated stocks among Wall Street analysts.

How has Rocket Companies' stock performed in 2022?

Rocket Companies' stock was trading at $14.00 at the start of the year. Since then, RKT shares have decreased by 44.8% and is now trading at $7.73.
View the best growth stocks for 2022 here
.

When is Rocket Companies' next earnings date?

Rocket Companies is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Rocket Companies
.

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) released its quarterly earnings data on Tuesday, May, 10th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by $0.04. The firm earned $1.93 billion during the quarter, compared to analyst estimates of $2.24 billion. Rocket Companies had a net margin of 2.16% and a trailing twelve-month return on equity of 31.45%. Rocket Companies's quarterly revenue was down 52.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share.
View Rocket Companies' earnings history
.

How often does Rocket Companies pay dividends? What is the dividend yield for Rocket Companies?

Rocket Companies announced a dividend on Thursday, February 24th. Shareholders of record on Tuesday, March 8th will be paid a dividend of $1.01 per share on Tuesday, March 22nd. The ex-dividend date is Monday, March 7th.
View Rocket Companies' dividend history
.

When did Rocket Companies' stock split? How did Rocket Companies' stock split work?

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

Who are Rocket Companies' key executives?

Rocket Companies' management team includes the following people:
  • Mr. Daniel B. Gilbert, Founder & Chairman (Age 60)
  • Mr. Jay D. Farner, Vice Chairman & CEO (Age 48, Pay $1.6M) (LinkedIn Profile)
  • Mr. Robert Dean Walters Jr., Pres & COO (Age 56, Pay $1.03M)
  • Ms. Julie R. Booth, CFO & Treasurer (Age 52, Pay $878.56k)
  • Mr. Angelo V. Vitale, Gen. Counsel & Sec. (Age 63, Pay $678.95k)
  • Mr. Brian Nicholas Brown, Chief Accounting Officer
  • Ms. Sharon Ng, VP of Investor Relations
  • Ms. Trina Scott, Chief Diversity Officer

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), Square (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 initial public offering on Thursday, August 6th 2020. The company issued 150,000,000 shares at $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 acted 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.

What is Rocket Companies' stock symbol?

Rocket Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "RKT."

Who are Rocket Companies' major shareholders?

Rocket Companies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Invesco Ltd. (0.55%), Vanguard Group Inc. (0.51%), BlackRock Inc. (0.34%), State Street Corp (0.27%), Renaissance Technologies LLC (0.12%) and Federated Hermes Inc. (0.08%). Company insiders that own Rocket Companies stock include Jay Farner, Jennifer L Gilbert and Matthew Rizik.
View institutional ownership trends for Rocket Companies
.

Which major investors are selling Rocket Companies stock?

RKT stock was sold by a variety of institutional investors in the last quarter, including IMC Chicago LLC, Sculptor Capital LP, Sculptor Capital LP, Virtu Financial LLC, Los Angeles Capital Management LLC, Simplex Trading LLC, HAP Trading LLC, and UBS Group AG.
View insider buying and selling activity for Rocket Companies
or view top insider-selling stocks.

Which major investors are buying Rocket Companies stock?

RKT stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Renaissance Technologies LLC, Federated Hermes Inc., HBK Investments L P, Wealthspire Advisors LLC, Goldman Sachs Group Inc., State Street Corp, and Invesco Ltd.. Company insiders that have bought Rocket Companies stock in the last two years include Jay Farner, and Matthew Rizik.
View insider buying and selling activity for Rocket Companies
or or view top insider-buying stocks.

How do I buy shares of Rocket Companies?

Shares of RKT 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.

What is Rocket Companies' stock price today?

One share of RKT stock can currently be purchased for approximately $7.73.

How much money does Rocket Companies make?

Rocket Companies (NYSE:RKT) has a market capitalization of $15.23 billion and generates $12.91 billion in revenue each year. The company earns $308.21 million in net income (profit) each year or $1.659990 on an earnings per share basis.

How many employees does Rocket Companies have?

Rocket Companies employs 26,000 workers across the globe.

When was Rocket Companies founded?

Rocket Companies was founded in 1985.

How can I contact Rocket Companies?

Rocket Companies' mailing address is 1050 WOODWARD AVENUE, DETROIT MI, 48226. The official website for Rocket Companies is www.rocketcompanies.com. The company can be reached via phone at 313-373-7990 or via email at [email protected].

This page (NYSE:RKT) was last updated on 6/25/2022 by MarketBeat.com Staff

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