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

11 Wall Street 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 analysts is that investors should "reduce" RKT shares.
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11 Wall Street research analysts have issued 12 month price objectives for Rocket Companies' stock. Their RKT share price targets range from $6.00 to $11.00. On average, they predict the company's share price to reach $8.68 in the next year. This suggests that the stock has a possible downside of 14.7%.
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Rocket Companies' stock was trading at $7.00 on January 1st, 2023. Since then, RKT shares have increased by 45.3% and is now trading at $10.17.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
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Rocket Companies, Inc. (NYSE:RKT) posted its quarterly earnings results on Thursday, November, 2nd. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.08 billion. Rocket Companies had a negative net margin of 0.63% and a negative trailing twelve-month return on equity of 6.01%.

ETFs with the largest weight of Rocket Companies (NYSE:RKT) stock in their portfolio include Davis Select Financial ETF (DFNL), Playtech (PTEC), First Trust S-Network E-Commerce ETF (ISHP), Hoya Capital Housing ETF (HOMZ).First Trust US Equity Opportunities ETF (FPX) and

Rocket Companies shares split before market open 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 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.

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).

(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 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.

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.
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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.
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