Rocket Companies Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 3 sell ratings, 12 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 during the month of July. As of July 15th, there was short interest totaling 16,860,000 shares, an increase of 22.0% from the June 30th total of 13,820,000 shares. Based on an average daily trading volume, of 8,950,000 shares, the short-interest ratio is currently 1.9 days. Currently, 13.0% of the shares of the stock are sold short.
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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 (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.92 by $0.37. The company earned $4.58 billion during the quarter, compared to analyst estimates of $4.41 billion. Rocket Companies had a net margin of 19.96% and a trailing twelve-month return on equity of 139.59%.
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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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Shares of Rocket Companies 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 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.

18 brokers have issued 12 month price targets for Rocket Companies' shares. Their forecasts range from $12.00 to $35.00. On average, they anticipate Rocket Companies' share price to reach $21.81 in the next year. This suggests a possible upside of 26.5% from the stock's current price.
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Some companies that are related to Rocket Companies include PennyMac Financial Services (PFSI), UWM (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 (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 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 investors include Cutler Group LP (0.00%), Alliancebernstein L.P. (0.00%), Stratos Wealth Partners LTD. (0.00%) and NEXT Financial Group Inc (0.00%).
View institutional ownership trends for Rocket Companies.

RKT stock was sold by a variety of institutional investors in the last quarter, including Cutler Group LP, Alliancebernstein L.P., and NEXT Financial Group Inc.
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RKT stock was bought by a variety of institutional investors in the last quarter, including Stratos Wealth Partners LTD..
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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 $17.24.

Rocket Companies has a market capitalization of $34.23 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 24,000 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]