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Rocket Companies - RKT Stock Forecast, Price & News

$9.17
+0.19 (+2.12%)
(As of 01/26/2023 04:30 PM ET)
Add
Compare
Today's Range
$9.01
$9.40
50-Day Range
$6.64
$9.14
52-Week Range
$5.97
$14.31
Volume
2.00 million shs
Average Volume
2.66 million shs
Market Capitalization
$18.07 billion
P/E Ratio
11.76
Dividend Yield
N/A
Price Target
$7.96

Rocket Companies MarketRank™ Forecast

Analyst Rating
Hold
1.73 Rating Score
Upside/​Downside
12.1% Downside
$7.96 Price Target
Short Interest
Bearish
33.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.11mentions of Rocket Companies in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$3.41 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.16) to ($0.12) Per Share

Overall MarketRank

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

1.83 out of 5 stars

Business Services Sector

287th out of 324 stocks

Mortgage Bankers & Correspondents Industry

6th out of 7 stocks


RKT stock logo

About Rocket Companies (NYSE:RKT) Stock

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services 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 offers 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; Rocket Money, 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.

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RKT Stock News Headlines

YIKES! 220 Pounds of Graphite in Each EV Battery?
Most don't know that today's EV batteries contain more graphite than any other essential ingredient... more than lithium, copper or aluminum! The megatrend of electrifying vehicles only adds to graphite demand, expected to skyrocket 1,050% by 2030. Investors have been frustrated in their search for a Made In America solution – until now.
Electron rocket to lift off in Virginia
7 Real Estate Stocks That May Not Survive 2023
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Top Picks 2023- Rocket Companies RKT
Home prices fall for fourth-straight month in October
Why Things Could Be Looking Up for Rocket Companies' Stock
See More Headlines
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RKT Company Calendar

Last Earnings
11/03/2022
Today
1/26/2023
Next Earnings (Estimated)
2/23/2023
Fiscal Year End
12/31/2023

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
$7.96
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
-13.2%
Consensus Rating
Hold
Rating Score (0-4)
1.73
Research Coverage
11 Analysts

Profitability

Net Income
$308.21 million
Pretax Margin
26.45%

Debt

Sales & Book Value

Annual Sales
$12.91 billion
Cash Flow
$2.29 per share
Book Value
$4.94 per share

Miscellaneous

Outstanding Shares
1,970,658,000
Free Float
118,042,000
Market Cap
$18.07 billion
Optionable
Not Optionable
Beta
1.84

Social Links


Key Executives

  • Mr. Daniel B. Gilbert (Age 61)
    Founder & Chairman
  • Mr. Jay D. FarnerMr. Jay D. Farner (Age 50)
    Vice Chairman & CEO
    Comp: $1.6M
  • Mr. Robert Dean Walters Jr. (Age 58)
    Pres & COO
    Comp: $1.03M
  • Mr. Brian Nicholas Brown
    CFO & Treasurer
  • Ms. Sharon Ng
    VP of Investor Relations
  • Ms. Tina V. John
    Gen. Counsel & Sec.
  • Ms. KimArie Yowell
    Chief Diversity Officer













RKT Stock - Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 4 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 2023?

11 brokerages have issued 12 month target prices for Rocket Companies' stock. Their RKT share price forecasts range from $6.00 to $11.00. On average, they expect the company's share price to reach $7.96 in the next year. This suggests that the stock has a possible downside of 13.2%.
View analysts price targets for RKT
or view top-rated stocks among Wall Street analysts.

How have RKT shares performed in 2023?

Rocket Companies' stock was trading at $7.00 on January 1st, 2023. Since then, RKT stock has increased by 31.0% and is now trading at $9.17.
View the best growth stocks for 2023 here
.

When is Rocket Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our RKT earnings forecast
.

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) released its quarterly earnings results on Thursday, November, 3rd. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by $0.06. The firm earned $1.29 billion during the quarter, compared to analyst estimates of $1.09 billion. Rocket Companies had a trailing twelve-month return on equity of 5.21% and a net margin of 1.41%.

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

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

When did Rocket Companies' stock split?

Rocket Companies shares split 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.

What guidance has Rocket Companies issued on next quarter's earnings?

Rocket Companies issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $600.00 million-$750.00 million, compared to the consensus revenue estimate of $1.09 billion.

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 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.

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 investors include Kingfisher Capital LLC (0.01%), Allspring Global Investments Holdings LLC (0.01%), Intrinsic Value Partners LLC (0.00%), Park Avenue Securities LLC (0.00%), Greylin Investment Management Inc (0.00%) and Chiron Capital Management LLC (0.00%). 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 $9.17.

How much money does Rocket Companies make?

Rocket Companies (NYSE:RKT) has a market capitalization of $18.07 billion and generates $12.91 billion in revenue each year. The company earns $308.21 million in net income (profit) each year or $0.78 on an earnings per share basis.

How many employees does Rocket Companies have?

The company employs 26,000 workers across the globe.

Does Rocket Companies have any subsidiaries?
The following companies are subsidiares of Rocket Companies: Amrock LLC, Rocket Mortgage LLC, and Truebill.
Read More
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 1/26/2023 by MarketBeat.com Staff