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S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NYSE:RKT

Rocket Companies (RKT) Stock Price, News & Analysis

$12.65
-0.22 (-1.71%)
(As of 03/4/2024 ET)
Today's Range
$12.65
$12.97
50-Day Range
$10.98
$15.05
52-Week Range
$7.17
$15.19
Volume
1.65 million shs
Average Volume
2.51 million shs
Market Capitalization
$25.08 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.20

Rocket Companies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.58 Rating Score
Upside/​Downside
19.3% Downside
$10.20 Price Target
Short Interest
Bearish
17.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of Rocket Companies in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
112.00%
From $0.25 to $0.53 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.

1.41 out of 5 stars

Business Services Sector

246th out of 312 stocks

Mortgage Bankers & Correspondents Industry

3rd 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

UBS Group Raises Rocket Companies (NYSE:RKT) Price Target to $10.00
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Rocket Companies (RKT) Receives a Rating Update from a Top Analyst
Rocket Companies' (RKT) Neutral Rating Reaffirmed at Wedbush
Rocket Companies (NYSE:RKT) Shares Gap Up to $10.98
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
RKT Mar 2024 13.500 put
Rocket slips to loss for fourth quarter, all of 2023
Rocket Companies: Q4 Earnings Insights
Earnings Outlook For Rocket Companies
RKT Feb 2024 12.000 call
RKT Mar 2024 14.000 call
RKT Mar 2024 11.000 put
RKT Feb 2024 11.500 call
RKT Feb 2024 11.500 put
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
3/04/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Fax
N/A
Employees
14,700
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$10.20
High Stock Price Target
$13.00
Low Stock Price Target
$6.00
Potential Upside/Downside
-19.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.58
Research Coverage
12 Analysts

Profitability

Net Income
$-15,510,000.00
Pretax Margin
-10.60%

Debt

Sales & Book Value

Annual Sales
$3.80 billion
Book Value
$4.19 per share

Miscellaneous

Outstanding Shares
1,982,280,000
Free Float
117,945,000
Market Cap
$25.08 billion
Optionable
Optionable
Beta
2.39

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Key Executives

  • Mr. Daniel B. Gilbert (Age 62)
    Founder & Chairman of the Board
  • Mr. Brian Nicholas Brown
    CFO & Treasurer
  • Ms. Tina V. John
    General Counsel & Secretary
  • Mr. Varun Krishna (Age 41)
    CEO & Director
  • Mr. William C. Emerson (Age 61)
    President, COO & Director
  • Ms. Sharon Ng
    Vice President of Investor Relations
  • Mr. Jonathan Mildenhall (Age 56)
    Chief Marketing Officer
  • 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














RKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 5 sell ratings and 7 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?

12 brokerages have issued twelve-month price objectives for Rocket Companies' shares. Their RKT share price targets range from $6.00 to $13.00. On average, they expect the company's stock price to reach $10.20 in the next twelve months. This suggests that the stock has a possible downside of 19.3%.
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 stock has decreased by 12.6% and is now trading at $12.65.
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, May 2nd 2024.
View our RKT earnings forecast
.

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) released its quarterly earnings results on Thursday, February, 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The business earned $885 million during the quarter, compared to analysts' expectations of $762.44 million. Rocket Companies had a negative net margin of 0.41% and a negative trailing twelve-month return on equity of 3.63%. The business's revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share.

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

Shares of Rocket Companies split on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly issued shares were distributed to shareholders after the closing bell 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 first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $925.0 million-$1.1 billion, compared to the consensus revenue estimate of $929.9 million.

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 initial public offering (IPO) 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 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (0.59%), Boston Partners (0.45%), Capital World Investors (0.18%), Bruni J V & Co. Co. (0.08%), Voloridge Investment Management LLC (0.07%) and Charles Schwab Investment Management Inc. (0.04%). 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 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 3/5/2024 by MarketBeat.com Staff