Rocket Companies Stock Forecast, Price & News

$17.34
-0.28 (-1.59 %)
(As of 07/23/2021 12:00 AM ET)
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Today's Range
$17.04
$17.72
50-Day Range
$16.81
$21.73
52-Week Range
$16.22
$43.00
Volume154,158 shs
Average Volume15.44 million shs
Market Capitalization$34.43 billion
P/E Ratio5.44
Dividend YieldN/A
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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About Rocket Companies

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in 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 national car rental and online car purchasing platforms; and Rocket Loans, an online-based personal loans business. Its solutions also include Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Nexsys, a fintech company, which offers a suite of essential tech solutions for mortgage origination and closing processes through digitization and automation; 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 startup. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc.

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MarketRank

Overall MarketRank

2.25 out of 5 stars

Business Services Sector

12th out of 543 stocks

Mortgage Bankers & Correspondents Industry

4th out of 12 stocks

Analyst Opinion: 4.0Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Rocket Companies (NYSE:RKT) Frequently Asked Questions

Is Rocket Companies a buy right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 3 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.
View analyst ratings for Rocket Companies
or view top-rated stocks.

What stocks does MarketBeat like better than Rocket Companies?

Wall Street analysts have given Rocket Companies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Rocket Companies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Rocket Companies?

Rocket Companies saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 12,460,000 shares, a decline of 34.1% from the May 31st total of 18,900,000 shares. Based on an average daily trading volume, of 10,480,000 shares, the short-interest ratio is currently 1.2 days. Approximately 9.6% of the shares of the stock are short sold.
View Rocket Companies' Short Interest
.

When is Rocket Companies' next earnings date?

Rocket Companies is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Rocket Companies
.

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) posted its earnings results on Wednesday, May, 5th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.92 by $0.37. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.41 billion. Rocket Companies had a trailing twelve-month return on equity of 139.59% and a net margin of 19.96%.
View Rocket Companies' earnings history
.

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

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 is Monday, March 8th.
View Rocket Companies' dividend history
.

When did Rocket Companies' stock split? How did Rocket Companies' stock split work?

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 Rocket Companies stock prior to the split would have 200 shares after the split.

What price target have analysts set for RKT?

18 analysts have issued twelve-month target prices 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 25.8% from the stock's current price.
View analysts' price targets for Rocket Companies
or view top-rated stocks among Wall Street analysts.

Who are Rocket Companies' key executives?

Rocket Companies' management team includes the following people:
  • Mr. Jay D. Farner, Vice Chairman & CEO (Age 47, Pay $11.73M)
  • Mr. Robert Dean Walters Jr., Pres & COO (Age 56, Pay $258.1k)
  • Ms. Julie R. Booth, CFO & Treasurer (Age 52, Pay $453.1k)
  • Mr. Angelo V. Vitale, Gen. Counsel & Sec. (Age 62, Pay $403.1k)
  • Mr. Daniel B. Gilbert, Founder & Chairman (Age 59)
  • Mr. Brian Nicholas Brown, Chief Accounting Officer
  • Ms. Trina Scott, Chief Diversity Officer

Who are some of Rocket Companies' key competitors?

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), The Boeing (BA), Square (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 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 many different institutional and retail investors. Top institutional shareholders include Stratos Wealth Partners LTD. (0.00%).
View institutional ownership trends for Rocket Companies
.

Which major investors are buying Rocket Companies stock?

RKT stock was purchased by a variety of institutional investors in the last quarter, including Stratos Wealth Partners LTD..
View insider buying and selling activity for Rocket Companies
or or view top insider-buying stocks.

How do I buy shares of Rocket Companies?

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.
Compare Top Brokerages Here.

What is Rocket Companies' stock price today?

One share of RKT stock can currently be purchased for approximately $17.34.

How much money does Rocket Companies make?

Rocket Companies has a market capitalization of $34.43 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.

How many employees does Rocket Companies have?

Rocket Companies employs 24,000 workers across the globe.

When was Rocket Companies founded?

Rocket Companies was founded in 1985.

What is Rocket Companies' official website?

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

Where are Rocket Companies' headquarters?

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

How can I contact Rocket Companies?

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]


This page was last updated on 7/26/2021 by MarketBeat.com Staff
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