Rocket Companies, Inc. (NYSE:RKT – Get Free Report) has received an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $9.59.
Several equities research analysts recently issued reports on RKT shares. Keefe, Bruyette & Woods upgraded Rocket Companies from an “underperform” rating to a “market perform” rating and set a $11.50 price target for the company in a research note on Sunday, August 6th. Citigroup upped their target price on Rocket Companies from $9.00 to $11.00 in a research note on Friday, August 4th. Argus upgraded Rocket Companies from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. Morgan Stanley upped their target price on Rocket Companies from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Friday, August 4th. Finally, The Goldman Sachs Group upped their target price on Rocket Companies from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, August 4th.
Insiders Place Their Bets
Institutional Trading of Rocket Companies
Large investors have recently made changes to their positions in the company. CENTRAL TRUST Co bought a new position in Rocket Companies in the 1st quarter valued at about $28,000. S.A. Mason LLC bought a new position in Rocket Companies in the 1st quarter valued at about $32,000. Ancora Advisors LLC bought a new position in Rocket Companies in the 1st quarter valued at about $81,000. FMR LLC lifted its position in Rocket Companies by 134.7% in the 2nd quarter. FMR LLC now owns 3,598 shares of the company’s stock valued at $26,000 after acquiring an additional 2,065 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Rocket Companies by 658.7% in the 4th quarter. Deutsche Bank AG now owns 3,892 shares of the company’s stock valued at $27,000 after acquiring an additional 3,379 shares in the last quarter. 4.09% of the stock is currently owned by institutional investors and hedge funds.
Rocket Companies Price Performance
Rocket Companies stock opened at $10.52 on Tuesday. Rocket Companies has a 12 month low of $5.97 and a 12 month high of $11.94. The stock’s 50 day moving average is $10.34 and its 200-day moving average is $9.21. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of -50.09 and a beta of 2.13.
Rocket Companies (NYSE:RKT – Get Free Report) last posted its earnings results on Thursday, August 3rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $983.18 million. Rocket Companies had a negative return on equity of 8.21% and a negative net margin of 0.59%. Equities research analysts expect that Rocket Companies will post -0.15 EPS for the current year.
About Rocket Companies
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, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business.
- Five stocks we like better than Rocket Companies
- What Are Dividend Contenders? Investing in Dividend Contenders
- MarketBeat Week in Review – 8/28 – 9/1
- How to Invest in Communication Stocks
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- What is the Nikkei 225 index?
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
Receive News & Ratings for Rocket Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Companies and related companies with MarketBeat.com's FREE daily email newsletter.