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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
MUST WATCH: Unusual 3-second financial maneuver (Ad)

Rocket Companies - RKT Stock Forecast, Price & News

$10.80
+0.31 (+2.96%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.42
$10.84
50-Day Range
$6.37
$10.80
52-Week Range
$6.27
$19.55
Volume
2.30 million shs
Average Volume
3.26 million shs
Market Capitalization
$21.28 billion
P/E Ratio
8.44
Dividend Yield
N/A
Price Target
$10.42

Rocket Companies MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.5% Downside
$10.42 Price Target
Short Interest
Bearish
30.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.39mentions of Rocket Companies in the last 14 days
Based on 25 Articles This Week
Insider Trading
Acquiring Shares
$7.11 M Bought Last Quarter
Proj. Earnings Growth
960.00%
From $0.05 to $0.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Business Services Sector

166th out of 335 stocks

Mortgage Bankers & Correspondents Industry

6th out of 7 stocks

RKT stock logo

About Rocket Companies (NYSE:RKT) Stock

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses 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, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; 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.

Rocket Companies Trading Up 3.0 %

Shares of NYSE:RKT opened at $10.80 on Friday. Rocket Companies has a 52-week low of $6.27 and a 52-week high of $19.55. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 43.71 and a beta of 1.72. The company has a quick ratio of 13.54, a current ratio of 14.97 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average price of $8.57 and a 200-day moving average price of $9.85.

Rocket Companies (NYSE:RKT - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.53 billion. Rocket Companies had a return on equity of 19.79% and a net margin of 1.85%. The company's revenue for the quarter was down 47.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. Equities analysts predict that Rocket Companies will post 0.05 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on RKT shares. Wells Fargo & Company upgraded Rocket Companies from an "equal weight" rating to an "overweight" rating and set a $10.00 target price on the stock in a research note on Wednesday, July 6th. Keefe, Bruyette & Woods lowered Rocket Companies from a "market perform" rating to an "underperform" rating and set a $6.50 target price on the stock. in a research note on Sunday, August 7th. Argus lowered Rocket Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, May 31st. Barclays dropped their price target on Rocket Companies to $7.00 in a research report on Tuesday. Finally, Citigroup increased their price target on Rocket Companies to $10.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.42.

Insider Activity at Rocket Companies

In related news, CEO Jay Farner purchased 23,700 shares of Rocket Companies stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average cost of $8.43 per share, for a total transaction of $199,791.00. Following the completion of the transaction, the chief executive officer now owns 2,184,007 shares in the company, valued at $18,411,179.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders purchased 812,800 shares of company stock worth $6,905,909. 94.01% of the stock is owned by corporate insiders.

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RKT Stock News Headlines

These Are The Top Insider Buying Stocks For July (RKT)
/C O R R E C T I O N -- Rocket Companies, Inc./
Rocket Companies (NYSE:RKT) PT Raised to $10.00 at Citigroup
Rocket Companies, Inc. (NYSE:RKT) CEO Buys $199,260.00 in Stock
Rocket Companies Stock Fails To Launch Following Q2 Revenue, EPS Miss
See More Headlines
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RKT Company Calendar

Last Earnings
8/04/2022
Today
8/13/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Fax
N/A
Employees
26,000
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$10.42
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$6.50
Forecasted Upside/Downside
-3.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
12 Analysts

Profitability

Net Income
$308.21 million
Pretax Margin
35.02%

Debt

Sales & Book Value

Annual Sales
$12.91 billion
Cash Flow
$2.30 per share
Book Value
$4.45 per share

Miscellaneous

Outstanding Shares
1,969,950,000
Free Float
118,000,000
Market Cap
$21.28 billion
Optionable
Not Optionable
Beta
1.72

Social Links















RKT Stock - Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RKT shares. 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.
View RKT analyst ratings
or view top-rated stocks.

What is Rocket Companies' stock price forecast for 2022?

12 brokerages have issued 12-month price objectives for Rocket Companies' stock. Their RKT share price forecasts range from $6.50 to $18.00. On average, they predict the company's stock price to reach $10.42 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for RKT
or view top-rated stocks among Wall Street analysts.

How have RKT shares performed in 2022?

Rocket Companies' stock was trading at $14.00 on January 1st, 2022. Since then, RKT stock has decreased by 22.9% and is now trading at $10.80.
View the best growth stocks for 2022 here
.

When is Rocket Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RKT earnings forecast
.

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) issued its quarterly earnings results on Thursday, August, 4th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.05. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. Rocket Companies had a trailing twelve-month return on equity of 19.79% and a net margin of 1.85%. The firm's revenue for the quarter was down 47.8% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share.

How often does Rocket Companies pay dividends? What is the dividend yield for Rocket Companies?

Rocket Companies announced a dividend on Thursday, February 24th. Stockholders of record on Tuesday, March 8th will be paid a dividend of $1.01 per share on Tuesday, March 22nd. The ex-dividend date is Monday, March 7th.
Read our dividend analysis for RKT
.

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 issued shares were payable 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 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 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.

What is Rocket Companies' stock symbol?

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

Who are Rocket Companies' major shareholders?

Rocket Companies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (0.12%), Bruni J V & Co. Co. (0.08%), Sculptor Capital LP (0.00%), Credit Suisse AG (0.03%), Northern Trust Corp (0.03%) and Victory Capital Management Inc. (0.02%). Insiders that own company stock include Jay Farner, Jennifer L Gilbert 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Rocket Companies' stock price today?

One share of RKT stock can currently be purchased for approximately $10.80.

How much money does Rocket Companies make?

Rocket Companies (NYSE:RKT) has a market capitalization of $21.28 billion and generates $12.91 billion in revenue each year. The company earns $308.21 million in net income (profit) each year or $1.28 on an earnings per share basis.

How many employees does Rocket Companies have?

The company employs 26,000 workers across the globe.

When was Rocket Companies founded?

Rocket Companies was founded in 1985.

How can I contact Rocket Companies?

Rocket Companies' mailing address is 1050 WOODWARD AVENUE, DETROIT MI, 48226. The official website for the company is www.rocketcompanies.com. The company can be reached via phone at 313-373-7990 or via email at ir@rocketcompanies.com.

This page (NYSE:RKT) was last updated on 8/13/2022 by MarketBeat.com Staff

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