Should I buy or sell Rocket Companies stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 6 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" RKT shares. View RKT analyst ratings or view top-rated stocks .

What is Rocket Companies' stock price target for 2024?

13 Wall Street analysts have issued twelve-month target prices for Rocket Companies' shares. Their RKT share price targets range from $6.00 to $13.00. On average, they predict the company's stock price to reach $10.02 in the next year. This suggests that the stock has a possible downside of 12.0%. View analysts price targets for RKT or view top-rated stocks among Wall Street analysts .

How have RKT shares performed in 2024?

Rocket Companies' stock was trading at $14.48 at the beginning of the year. Since then, RKT shares have decreased by 21.4% and is now trading at $11.3850. View the best growth stocks for 2024 here .

When is Rocket Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our RKT earnings forecast .

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) released its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The firm earned $885 million during the quarter, compared to analyst estimates of $762.44 million. Rocket Companies had a negative net margin of 0.41% and a negative trailing twelve-month return on equity of 3.63%. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) EPS.

What ETFs hold Rocket Companies' stock?

ETFs with the largest weight of Rocket Companies (NYSE:RKT) stock in their portfolio include Adaptiv Select ETF (ADPV) , Davis Select Financial ETF (DFNL) , Playtech (PTEC) , Hoya Capital Housing ETF (HOMZ) , Point Bridge America First ETF (MAGA) , ETC 6 Meridian Quality Growth ETF (SXQG) and SPDR S&P Kensho New Economies Composite ETF (KOMP) . First Trust US Equity Opportunities ETF (FPX) .

When did Rocket Companies' stock split?

Rocket Companies shares split on the morning of Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted shares were distributed 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 guidance has Rocket Companies issued on next quarter's earnings?

Rocket Companies updated its first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $925.0 million-$1.1 billion, compared to the consensus revenue estimate of $929.9 million.

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?

Rocket Companies (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 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.

Who are Rocket Companies' major shareholders?

Rocket Companies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Atlas Capital Advisors LLC (0.00%), First Affirmative Financial Network (0.00%), Wedmont Private Capital (0.00%) and Wealthcare Advisory Partners LLC (0.00%). Insiders that own company stock include Jay Farner , Jonathan D Mariner 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Rocket Companies have any subsidiaries?

The following companies are subsidiares of Rocket Companies: Amrock LLC, Rocket Mortgage LLC, and Truebill. Read More

Lowest-Rated StocksLowest-Rated

NYSE:RKT

Rocket Companies (RKT) Stock Price, News & Analysis

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$11.38

-0.05 (-0.44%)

(As of 04/17/2024 ET)

Compare

Today's Range: $11.37
▼
$11.59
50-Day Range: $10.98
▼
$14.55
52-Week Range: $7.17
▼
$15.19

Volume: 1.41 million shs
Average Volume: 2.54 million shs
Market Capitalization: $22.61 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.02

Get Rocket Companies alerts:

Rocket Companies MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.54 Rating Score
Upside/Downside: 12.0% Downside
$10.02 Price Target
Short Interest: Bearish
16.81% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.61
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$53,840 Bought Last Quarter
Proj. Earnings Growth: 112.50%
From $0.24 to $0.51 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.42 out of 5 stars

Business Services Sector

231st out of 305 stocks

Mortgage Bankers & Correspondents Industry

4th out of 6 stocks

1.8

Analyst's Opinion

Consensus Rating
Rocket Companies has received a consensus rating of Reduce. The company's average rating score is 1.54, and is based on no buy ratings, 7 hold ratings, and 6 sell ratings.
Amount of Analyst Coverage
Rocket Companies has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
16.81% of the float of Rocket Companies has been sold short.
Short Interest Ratio / Days to Cover
Rocket Companies has a short interest ratio ("days to cover") of 8.3.
Change versus previous month
Short interest in Rocket Companies has recently increased by 12.26%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Rocket Companies does not currently pay a dividend.
Dividend Growth
Rocket Companies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RKT.

3.1

News and Social Media Coverage

News Sentiment
Rocket Companies has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Rocket Companies this week, compared to 4 articles on an average week.
Search Interest
32 people have searched for RKT on MarketBeat in the last 30 days. This is an increase of 39% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Rocket Companies to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rocket Companies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $53,840.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
94.05% of the stock of Rocket Companies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 4.59% of the stock of Rocket Companies is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Rocket Companies are expected to grow by 112.50% in the coming year, from $0.24 to $0.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rocket Companies is -71.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rocket Companies is -71.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Rocket Companies has a PEG Ratio of 9.59. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Rocket Companies has a P/B Ratio of 2.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Rocket Companies Stock (NYSE:RKT)

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; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a online marketing platform in the mortgage and personal financial product sectors; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rock Connections, a sales and support platform specializing in contact center services; and Rocket Innovation Studio that recruits and mentors top technology talent. 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. The company operates as a subsidiary of Rock Holdings Inc.

RKT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RKT Stock News Headlines

April 17, 2024 | americanbankingnews.com

Rocket Companies, Inc. (NYSE:RKT) Receives Consensus Rating of "Reduce" from Brokerages

April 16, 2024 | finance.yahoo.com

Rocket Mortgage Celebrates the Everyday Dreammate: Inspiring Fans and Bringing Dreams to Life During the NFL Draft in Detroit

April 17, 2024 | The Bull Report (Ad)

Healthcare Takes A Big Step Forward With The Help Of AI

The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.

April 14, 2024 | investing.com

Rocket companies director buys $6.2k in class a shares

April 13, 2024 | nasdaq.com

Interesting RKT Put And Call Options For May 31st

April 12, 2024 | americanbankingnews.com

Rocket Companies (NYSE:RKT) Stock Price Down 9.9%

April 11, 2024 | uk.investing.com

Rocket companies director Matthew Rizik buys shares worth $5,745

April 10, 2024 | msn.com

Housing market remains ‘stagnant’ as rates surge due to hotter-than-expected inflation, Rocket CEO says

April 17, 2024 | The Bull Report (Ad)

Healthcare Takes A Big Step Forward With The Help Of AI

The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.

April 9, 2024 | finance.yahoo.com

Rocket launches patented AI-driven tech platform

April 9, 2024 | msn.com

'Transforming The Home Buying Process': Rocket Mortgage Unveils AI-Based Rocket Logic Platform

April 9, 2024 | prnewswire.com

Rocket Companies Introduces Rocket Logic AI Platform to Make Homeownership Faster and Easier

April 8, 2024 | marketwatch.com

Rocket Lab Gets $14.5M U.S. Space Force Contract

April 8, 2024 | msn.com

Ursa Major to build rocket motor prototype for US Navy

April 7, 2024 | uk.investing.com

Rocket companies director buys shares worth $8,740

April 4, 2024 | msn.com

Suns owner Mat Ishbia fires back at article on UWM, takes aim at Cavs owner Dan Gilbert

April 4, 2024 | msn.com

Cramer's Lightning Round: Palo Alto Networks is a buy

April 3, 2024 | msn.com

After delays, SpaceX rocket launch after sunset treats LA sky-watchers

April 2, 2024 | bloomberg.com

A Hedge Fund That’s Also a Newspaper

April 1, 2024 | msn.com

SpaceX’s Historic 260th Rocket Reflight Pioneering the Era of Reusable Spacecraft

March 31, 2024 | msn.com

Kiwis in space: New Zealand Defence Force launches satellite on Rocket Lab Electron rocket from Virginia, US

March 31, 2024 | msn.com

Delinquencies rise in February as diverging consumer credit trends emerge

March 29, 2024 | msn.com

'What is that?!' SpaceX rocket that launched from Florida was spotted in Texas

March 29, 2024 | msn.com

SpaceX rocket launch will be visible in Arizona on Friday. Here's how to see it

March 29, 2024 | msn.com

Falcon 9 rocket scheduled to launch Thursday night

March 28, 2024 | seekingalpha.com

Rocket Companies Is Materially Overpriced Considering The Interest Rate Outlook

March 28, 2024 | msn.com

Watch for a SpaceX rocket set for Thursday evening launch from the California coast

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Mortgage bankers & correspondents
Sub-Industry: N/A
Current Symbol: NYSE:RKT
CUSIP: N/A
CIK: 1805284
Web: www.rocketcompanies.com
Phone: 313-373-7990
Fax: N/A
Employees: 14,700
Year Founded: 1985

Price Target and Rating

Average Stock Price Target: $10.02
High Stock Price Target: $13.00
Low Stock Price Target: $6.00
Potential Upside/Downside: -12.0%
Consensus Rating: Reduce
Rating Score (0-4): 1.54
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 47.44
P/E Growth: 9.59
Net Income: $-15,510,000.00
Net Margins: -0.41%
Pretax Margin: -10.60%
Return on Equity: -3.63%
Return on Assets: -1.47%

Debt

Debt-to-Equity Ratio: 0.92
Current Ratio: 9.78
Quick Ratio: 9.78

Sales & Book Value

Annual Sales: $3.80 billion
Price / Sales: 5.95
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.18 per share
Price / Book: 2.72

Miscellaneous

Outstanding Shares: 1,985,640,000
Free Float: 118,146,000
Market Cap: $22.61 billion
Optionable: Optionable
Beta: 2.42

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Key Executives

Mr. Daniel B. Gilbert (Age 62)
Founder & Chairman of the Board
Mr. Brian Nicholas Brown
CFO & Treasurer
Ms. Tina V. John
General Counsel & Secretary
Mr. Varun Krishna (Age 41)
CEO & Director
Mr. William C. Emerson (Age 61)
President, COO & Director
Ms. Heather Lovier
Chief Operating Officer
Ms. Sharon Ng
Vice President of Investor Relations
Mr. Jonathan Mildenhall (Age 56)
Chief Marketing Officer
Ms. KimArie Yowell
Chief Diversity Officer
Mr. William Banfield
Chief Business Officer & Chief Risk Officer of Rocket Mortgage

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 6 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" RKT shares.
View RKT analyst ratings or view top-rated stocks.
What is Rocket Companies' stock price target for 2024?: 13 Wall Street analysts have issued twelve-month target prices for Rocket Companies' shares. Their RKT share price targets range from $6.00 to $13.00. On average, they predict the company's stock price to reach $10.02 in the next year. This suggests that the stock has a possible downside of 12.0%.
View analysts price targets for RKT or view top-rated stocks among Wall Street analysts.
How have RKT shares performed in 2024?: Rocket Companies' stock was trading at $14.48 at the beginning of the year. Since then, RKT shares have decreased by 21.4% and is now trading at $11.3850.
View the best growth stocks for 2024 here.
When is Rocket Companies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our RKT earnings forecast.
How were Rocket Companies' earnings last quarter?: Rocket Companies, Inc. (NYSE:RKT) released its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The firm earned $885 million during the quarter, compared to analyst estimates of $762.44 million. Rocket Companies had a negative net margin of 0.41% and a negative trailing twelve-month return on equity of 3.63%. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) EPS.
What ETFs hold Rocket Companies' stock?: ETFs with the largest weight of Rocket Companies (NYSE:RKT) stock in their portfolio include Adaptiv Select ETF (ADPV), Davis Select Financial ETF (DFNL), Playtech (PTEC), Hoya Capital Housing ETF (HOMZ), Point Bridge America First ETF (MAGA), ETC 6 Meridian Quality Growth ETF (SXQG) and SPDR S&P Kensho New Economies Composite ETF (KOMP).First Trust US Equity Opportunities ETF (FPX).
When did Rocket Companies' stock split?: Rocket Companies shares split on the morning of Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted shares were distributed 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 guidance has Rocket Companies issued on next quarter's earnings?: Rocket Companies updated its first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $925.0 million-$1.1 billion, compared to the consensus revenue estimate of $929.9 million.
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?: Rocket Companies (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 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.
Who are Rocket Companies' major shareholders?: Rocket Companies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Atlas Capital Advisors LLC (0.00%), First Affirmative Financial Network (0.00%), Wedmont Private Capital (0.00%) and Wealthcare Advisory Partners LLC (0.00%). Insiders that own company stock include Jay Farner, Jonathan D Mariner 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Rocket Companies have any subsidiaries?: The following companies are subsidiares of Rocket Companies: Amrock LLC, Rocket Mortgage LLC, and Truebill.
Read More

This page (NYSE:RKT) was last updated on 4/17/2024 by MarketBeat.com Staff

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Rocket Companies (RKT) Stock Price, News & Analysis

Rocket Companies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Rocket Companies Stock (NYSE:RKT)

RKT Stock Price History

RKT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

RKT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™