Rocket Companies Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 2 sell ratings, 12 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
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Rocket Companies saw a increase in short interest in May. As of May 14th, there was short interest totaling 19,360,000 shares, an increase of 98.0% from the April 29th total of 9,780,000 shares. Based on an average daily volume of 21,960,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 15.0% of the company's stock are short sold.
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Rocket Companies is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
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Rocket Companies, Inc. (NYSE:RKT) released its quarterly earnings data on Wednesday, May, 5th. The company reported $0.55 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.92 by $0.37. The firm earned $4.58 billion during the quarter, compared to the consensus estimate of $4.41 billion. Rocket Companies had a net margin of 19.96% and a trailing twelve-month return on equity of 139.59%.
View Rocket Companies' earnings history.

Rocket Companies announced a dividend on Thursday, February 25th. Investors of record on Tuesday, March 9th will be paid a dividend of $1.11 per share on Tuesday, March 23rd. The ex-dividend date of this dividend is Monday, March 8th.
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Rocket Companies's stock split on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly created shares were distributed to shareholders after the market closes 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.

18 brokers have issued 1-year target prices for Rocket Companies' stock. Their forecasts range from $18.00 to $35.00. On average, they expect Rocket Companies' stock price to reach $23.38 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
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Some companies that are related to Rocket Companies include PennyMac Financial Services (PFSI), UWM Holdings Co. Class (UWMC), Home Point Capital (HMPT), Finance Of America Companies (FOA), Ocwen Financial (OCN), Farmhouse (FMHS), Mopals.com (PALS) and PSM HOLDINGS IN/SH (PSMH).
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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), The Boeing (BA), Square (SQ), DraftKings (DKNG), Zoom Video Communications (ZM), NIO (NIO), Walmart (WMT) and DocuSign (DOCU).

(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 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.

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

Rocket Companies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.23%), Morgan Stanley (0.18%), Retirement Systems of Alabama (0.12%), Third Point LLC (0.08%), Voloridge Investment Management LLC (0.07%) and Hillman Co. (0.06%).
View institutional ownership trends for Rocket Companies.

RKT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Nuveen Asset Management LLC, Retirement Systems of Alabama, The Manufacturers Life Insurance Company, Impala Asset Management LLC, Royal Bank of Canada, Avitas Wealth Management LLC, and Cambridge Investment Research Advisors Inc..
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RKT stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Third Point LLC, Voloridge Investment Management LLC, Hillman Co., D. E. Shaw & Co. Inc., Ergoteles LLC, UBS Asset Management Americas Inc., and Islet Management LP.
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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.
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One share of RKT stock can currently be purchased for approximately $20.06.

Rocket Companies has a market capitalization of $39.83 billion and generates $15.74 billion in revenue each year. The company earns $197.95 million in net income (profit) each year or $3.19 on an earnings per share basis.

Rocket Companies employs 26,000 workers across the globe.

Rocket Companies was founded in 1985.

The official website for Rocket Companies is www.rocketcompanies.com.

Rocket Companies is headquartered at 1050 WOODWARD AVENUE, DETROIT MI, 48226.

Rocket Companies' mailing address is 1050 WOODWARD AVENUE, DETROIT MI, 48226. The company can be reached via phone at 800-226-6308 or via email at [email protected]