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Rocket Companies (RKT) Stock Price, News & Analysis

$14.72
+0.15 (+1.03%)
(As of 03:10 PM ET)
Today's Range
$14.48
$15.01
50-Day Range
$10.98
$14.55
52-Week Range
$7.17
$15.19
Volume
1.60 million shs
Average Volume
2.48 million shs
Market Capitalization
$29.23 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.02

Rocket Companies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.54 Rating Score
Upside/​Downside
31.7% Downside
$10.02 Price Target
Short Interest
Bearish
15.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.04mentions of Rocket Companies in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$28,397 Bought Last Quarter
Proj. Earnings Growth
112.00%
From $0.25 to $0.53 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.

2.14 out of 5 stars

Business Services Sector

198th out of 311 stocks

Mortgage Bankers & Correspondents Industry

3rd out of 6 stocks

RKT stock logo

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

RKT Stock News Headlines

TKO: A Company That Stands Out In The Media Space
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Rocket Companies (RKT) Receives a Rating Update from a Top Analyst
RKT Mar 2024 13.500 put
Rocket slips to loss for fourth quarter, all of 2023
Rocket Companies: Q4 Earnings Insights
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
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
-31.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.54
Research Coverage
13 Analysts

Profitability

Net Income
$-15,510,000.00
Pretax Margin
-10.60%

Debt

Sales & Book Value

Annual Sales
$3.80 billion
Book Value
$4.18 per share

Miscellaneous

Outstanding Shares
1,985,640,000
Free Float
118,146,000
Market Cap
$28.89 billion
Optionable
Optionable
Beta
2.39

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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. Sharon Ng
    Vice President of Investor Relations
  • Mr. Jonathan Mildenhall (Age 56)
    Chief Marketing Officer
  • Ms. KimArie Yowell
    Chief Diversity Officer
  • Mr. William Banfield
    Executive VP of Capital Market & Chief Risk Officer of Rocket Mortgage
  • Ms. LaQuanda Sain
    Executive Vice President-Servicing of Rocket Mortgage

RKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 6 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street 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 brokers have issued 1-year price objectives for Rocket Companies' stock. Their RKT share price targets range from $6.00 to $13.00. On average, they expect the company's share price to reach $10.02 in the next twelve months. This suggests that the stock has a possible downside of 31.7%.
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 2024. Since then, RKT shares have increased by 1.3% and is now trading at $14.67.
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) announced its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $885 million for the quarter, compared to the consensus estimate of $762.44 million. Rocket Companies had a negative trailing twelve-month return on equity of 3.63% and a negative net margin of 0.41%. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.12) earnings per share.

What ETFs hold Rocket Companies' stock?
When did Rocket Companies' stock split?

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 created shares were issued 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 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 initial public offering on Thursday, August 6th 2020. The company issued 150,000,000 shares at $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.

Who are Rocket Companies' major shareholders?

Rocket Companies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (0.59%), Vanguard Group Inc. (0.59%), Boston Partners (0.45%), Capital World Investors (0.18%), Bruni J V & Co. Co. (0.08%) and Voloridge Investment Management LLC (0.07%). Insiders that own company stock include Jay Farner, Jennifer L Gilbert, 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 3/28/2024 by MarketBeat.com Staff

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