Rocket Companies (RKT) Stock Price, News & Analysis

+0.24 (+1.73%)
(As of 05/17/2024 ET)
Today's Range
50-Day Range
52-Week Range
1.96 million shs
Average Volume
2.55 million shs
Market Capitalization
$28.05 billion
P/E Ratio
Dividend Yield
Price Target

Rocket Companies MarketRank™ Stock Analysis

Analyst Rating
1.57 Rating Score
25.0% Downside
$10.60 Price Target
Short Interest
15.14% of Float Sold Short
Dividend Strength
News Sentiment
0.96mentions of Rocket Companies in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$88,483 Bought Last Quarter
Proj. Earnings Growth
From $0.24 to $0.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.19 out of 5 stars

Business Services Sector

202nd out of 317 stocks

Mortgage Bankers & Correspondents Industry

5th out of 7 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; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a online marketing platform in the mortgage and personal financial product sectors; 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; Rock Connections, a sales and support platform specializing in contact center services; and Rocket Innovation Studio that recruits and mentors top technology talent. 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. The company operates as a subsidiary of Rock Holdings Inc.

RKT Stock Price History

RKT Stock News Headlines

Rocket earnings rebound in first quarter
Rocket Companies: Q1 Earnings Snapshot
Rocket companies director buys shares worth $4,381
See More Headlines
Receive RKT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Rocket Companies and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Mortgage bankers & correspondents
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
14 Analysts


Net Income
Pretax Margin


Sales & Book Value

Annual Sales
$3.80 billion
Book Value
$4.34 per share


Outstanding Shares
Free Float
Market Cap
$28.05 billion

Social Links

The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report

Key Executives

  • Mr. Daniel B. Gilbert (Age 62)
    Founder & Chairman of the Board
  • Mr. Varun Krishna (Age 41)
    CEO & Director
  • Mr. William C. Emerson (Age 61)
    President, COO & Director
  • Mr. Noah Edwards (Age 40)
    Chief Accounting Officer
  • Ms. Sharon Ng
    Vice President of Investor Relations
  • Mr. Jonathan Mildenhall (Age 56)
    Chief Marketing Officer
  • Ms. KimArie Yowell
    Chief Diversity Officer
  • Mr. William Banfield
    Chief Risk Officer 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?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 6 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street 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?

14 analysts have issued 1-year target prices for Rocket Companies' shares. Their RKT share price targets range from $6.00 to $14.00. On average, they anticipate the company's share price to reach $10.60 in the next year. This suggests that the stock has a possible downside of 25.0%.
View analysts price targets for RKT
or view top-rated stocks among Wall Street analysts.

How have RKT shares performed in 2024?

Rocket Companies' stock was trading at $14.48 at the start of the year. Since then, RKT shares have decreased by 2.5% and is now trading at $14.1250.
View the best growth stocks for 2024 here

When is Rocket Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our RKT earnings forecast

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) issued its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The business had revenue of $885 million for the quarter, compared to the consensus estimate of $762.44 million. Rocket Companies had a negative trailing twelve-month return on equity of 1.05% and a net margin of 0.43%. Rocket Companies's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) earnings per share.

When did Rocket Companies' stock split?

Rocket Companies's stock split on the morning of 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 guidance has Rocket Companies issued on next quarter's earnings?

Rocket Companies issued an update on its second quarter 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.3 billion.

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?

Rocket Companies (RKT) raised $3.2 billion in an initial public offering (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 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.

Who are Rocket Companies' major shareholders?

Rocket Companies' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (0.58%), Greylin Investment Management Inc (0.01%), Swiss National Bank (0.01%), QRG Capital Management Inc. (0.01%), Jacobs Levy Equity Management Inc. (0.01%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Jay Farner, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 5/18/2024 by MarketBeat.com Staff

From Our Partners