Lowest-Rated StocksLowest-RatedNYSE:RKT Rocket Companies (RKT) Stock Price, News & Analysis → Next-Gen AI is Creating Millionaires Right Now (From InvestorPlace) (Ad) Free RKT Stock Alerts $13.79 -0.07 (-0.51%) (As of 06/27/2024 ET) Add Compare Share Share Today's Range$13.72▼$14.0550-Day Range$11.54▼$14.9052-Week Range$7.17▼$15.81Volume1.20 million shsAverage Volume2.44 million shsMarket Capitalization$27.42 billionP/E Ratio125.38Dividend YieldN/APrice Target$10.60 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Rocket Companies alerts: Email Address Rocket Companies MarketRank™ Stock AnalysisAnalyst RatingReduce1.54 Rating ScoreUpside/Downside23.2% Downside$10.60 Price TargetShort InterestHealthy14.05% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.50Based on 7 Articles This WeekInsider TradingAcquiring Shares$113,458 Bought Last QuarterProj. Earnings Growth112.50%From $0.24 to $0.51 Per ShareSee Full Details Hide Full Details 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.1.10 out of 5 starsBusiness Services Sector250th out of 300 stocksMortgage Bankers & Correspondents Industry6th out of 7 stocks 0.8 Analyst's Opinion Consensus RatingRocket 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 CoverageRocket Companies has only been the subject of 4 research reports in the past 90 days.Read more about Rocket Companies' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted14.05% of the float of Rocket Companies has been sold short.Short Interest Ratio / Days to CoverRocket Companies has a short interest ratio ("days to cover") of 7.2.Change versus previous monthShort interest in Rocket Companies has recently decreased by 6.01%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldRocket Companies does not currently pay a dividend.Dividend GrowthRocket Companies does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RKT. Previous Next 1.9 News and Social Media Coverage News SentimentRocket Companies has a news sentiment score of 0.50. 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 lower news sentiment than the 0.96 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Rocket Companies this week, compared to 4 articles on an average week.Search InterestOnly 11 people have searched for RKT on MarketBeat in the last 30 days. This is a decrease of -54% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Rocket Companies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Rocket Companies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $113,458.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders93.07% 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 InstitutionsOnly 4.59% of the stock of Rocket Companies is held by institutions.Read more about Rocket Companies' insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Rocket Companies is 125.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.50.Price to Earnings Ratio vs. SectorThe P/E ratio of Rocket Companies is 125.38, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 34.18.Price to Book Value per Share RatioRocket Companies has a P/B Ratio of 3.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Rocket Companies' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceNext-Gen AI is Creating Millionaires Right NowI predict massive unemployment is coming. 800 million could lose their jobs, according to a McKinsey study, and 70% of all existing occupations could see a pay cut because of job elimination, according to Wired magazine.Here’s what I’m recommending now (includes 2 stock tickers). 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.Read More RKT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RKT Stock News HeadlinesJune 27 at 10:00 AM | investorplace.comSell Alert: 3 Stocks to Offload Before They Tumble Over 10%June 25 at 6:00 AM | businesswire.comInstabase Helps Rocket Mortgage Enhance Loan Approvals and Client Experience Through Artificial IntelligenceJune 27, 2024 | InvestorPlace (Ad)“A very dark day is coming to America”Wall Street Legend on Economy: "If you knew what I know, you'd be terrified too." Something huge is headed to America's shores – and it scares the hell out of Wall St. legend Louis Navellier. When it makes landfall, its impact will be more violent and more severe than any financial crisis we've ever seen… "No matter how prepared you think you are, you aren't prepared enough," he warns.June 24 at 1:00 PM | prnewswire.comThe Jeep® Wagoneer S Launch Edition Makes First Public Appearance at the Rocket Mortgage Classic in Detroit from June 25 - June 30June 21, 2024 | investorplace.com3 Stocks to Sell Faster Than the Market Can Say ‘Crash'June 13, 2024 | seekingalpha.comRocket Companies: Time To Cool The Jets (Rating Downgrade)May 29, 2024 | prnewswire.comRocket Companies CEO Varun Krishna to Present at Morgan Stanley U.S. Financials, Payments & CRE ConferenceMay 28, 2024 | msn.comVideo appears to show North Korean rocket burst into flamesJune 27, 2024 | InvestorPlace (Ad)“A very dark day is coming to America”Wall Street Legend on Economy: "If you knew what I know, you'd be terrified too." 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When it makes landfall, its impact will be more violent and more severe than any financial crisis we've ever seen… "No matter how prepared you think you are, you aren't prepared enough," he warns.May 12, 2024 | uk.investing.comMatthew Rizik, director at Rocket Companies, buys shares worth $4,670May 6, 2024 | pymnts.comRocket Companies Hires Shawn Malhotra to Drive ‘AI-Fueled Homeownership'May 6, 2024 | prnewswire.comRocket Companies Hires AI Innovator Shawn Malhotra as Chief Technology OfficerMay 4, 2024 | sg.finance.yahoo.comRocket Companies Inc (RKT) Q1 2024 Earnings Call Transcript Highlights: Strategic Growth and ...May 4, 2024 | finance.yahoo.comRocket Companies First Quarter 2024 Earnings: Beats ExpectationsMay 3, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Rocket Companies (RKT) and Stronghold Digital Mining (SDIG)May 3, 2024 | markets.businessinsider.comAnalysts Conflicted on These Financial Names: Rocket Companies (RKT), Trupanion (TRUP) and Apollo Global Management (APO)May 3, 2024 | finance.yahoo.comRocket Companies, Inc. (NYSE:RKT) Q1 2024 Earnings Call TranscriptMay 3, 2024 | finance.yahoo.comHeard on the Street: Rocket Manages Lending Lift Despite Soaring Mortgage RatesMay 3, 2024 | fool.comRocket Companies (RKT) Q1 2024 Earnings Call TranscriptMay 2, 2024 | msn.comNASA selects 9 companies to work on low-cost Mars projectsMay 2, 2024 | detroitnews.comRocket earnings rebound in first quarterMay 2, 2024 | sfgate.comRocket Companies: Q1 Earnings SnapshotMay 2, 2024 | msn.comRocket Companies Q1 earnings beat as loan originations top $20BMay 2, 2024 | finance.yahoo.comRocket Companies Inc (RKT) Surpasses Q1 Revenue Forecasts with Strong Earnings GrowthMay 2, 2024 | prnewswire.comRocket Companies Announces First Quarter 2024 ResultsApril 30, 2024 | seekingalpha.comRocket Lab: Winning Contracts And Neutron Coming, Prepare For TakeoffApril 24, 2024 | investorplace.comDump These 3 Stock Duds Before the Market Mayhem IntensifiesSee More Headlines Receive RKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Rocket Companies and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/02/2024Today6/27/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBusiness Services Industry Mortgage bankers & correspondents Sub-IndustryN/A Current SymbolNYSE:RKT CUSIPN/A CIK1805284 Webwww.rocketcompanies.com Phone313-373-7990FaxN/AEmployees14,700Year Founded1985Price Target and Rating Average Stock Price Target$10.60 High Stock Price Target$14.00 Low Stock Price Target$6.00 Potential Upside/Downside-23.2%Consensus RatingReduce Rating Score (0-4)1.54 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.11 Trailing P/E Ratio125.38 Forward P/E Ratio57.46 P/E GrowthN/ANet Income$-15,510,000.00 Net Margins0.43% Pretax Margin6.90% Return on Equity-1.05% Return on Assets-0.43% Debt Debt-to-Equity Ratio1.20 Current Ratio12.83 Quick Ratio12.83 Sales & Book Value Annual Sales$3.80 billion Price / Sales7.22 Cash FlowN/A Price / Cash FlowN/A Book Value$4.18 per share Price / Book3.30Miscellaneous Outstanding Shares1,988,360,000Free Float137,793,000Market Cap$27.42 billion OptionableOptionable Beta2.44 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Daniel B. Gilbert (Age 62)Founder & Chairman of the Board Mr. Varun Krishna (Age 41)CEO & Director Mr. William C. Emerson (Age 61)President, COO & Director Mr. Noah Edwards (Age 40)Chief Accounting Officer Ms. Sharon NgVice President of Investor RelationsMr. Jonathan Mildenhall (Age 56)Chief Marketing Officer Ms. KimArie YowellChief Diversity OfficerMr. William BanfieldChief Risk Officer of Rocket MortgageMs. LaQuanda SainExecutive Vice President-Servicing of Rocket MortgageMr. Brian WoodringChief Information Officer of Rocket MortgageMore ExecutivesKey CompetitorsPennyMac Financial ServicesNYSE:PFSINuveen Churchill Direct LendingNYSE:NCDLGuildNYSE:GHLDUWMNYSE:UWMCOcwen FinancialNYSE:OCNView All CompetitorsInsiders & InstitutionsMatthew RizikBought 165 shares on 6/26/2024Total: $2,245.65 ($13.61/share)Matthew RizikBought 310 shares on 6/24/2024Total: $4,343.10 ($14.01/share)Matthew RizikBought 306 shares on 6/20/2024Total: $4,296.24 ($14.04/share)Matthew RizikBought 298 shares on 6/17/2024Total: $4,356.76 ($14.62/share)Matthew RizikBought 294 shares on 6/13/2024Total: $4,307.10 ($14.65/share)View All Insider TransactionsView All Institutional Transactions RKT Stock Analysis - Frequently Asked Questions Should I buy or sell Rocket Companies stock right now? 13 Wall Street 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 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 brokerages have issued 12-month price targets for Rocket Companies' shares. Their RKT share price targets range from $6.00 to $14.00. On average, they anticipate the company's stock price to reach $10.60 in the next twelve months. This suggests that the stock has a possible downside of 23.2%. 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 4.8% and is now trading at $13.79. 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, August 1st 2024. View our RKT earnings forecast. How were Rocket Companies' earnings last quarter? Rocket Companies, Inc. (NYSE:RKT) posted its earnings results on Thursday, May, 2nd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. The business earned $1.38 billion during the quarter, compared to the consensus estimate of $1.02 billion. Rocket Companies had a negative trailing twelve-month return on equity of 1.05% and a net margin of 0.43%. 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), Global X PropTech ETF (PTEC), Point Bridge America First ETF (MAGA), First Trust US Equity Opportunities ETF (FPX) and ETC 6 Meridian Quality Growth ETF (SXQG).SPDR S&P Kensho New Economies Composite ETF (KOMP) and When did Rocket Companies' stock split? Rocket Companies's stock split on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted shares were issued 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 updated its second quarter 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.3 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? Rocket Companies (RKT) raised $3.2 billion in an initial public offering (IPO) 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (0.58%), Boston Partners (0.47%), Greylin Investment Management Inc (0.01%), Swiss National Bank (0.01%), QRG Capital Management Inc. (0.01%) and Jacobs Levy Equity Management Inc. (0.01%). 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 6/27/2024 by MarketBeat.com Staff From Our PartnersWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...StocksToTrade | SponsoredExposed: 3 CENT Crypto to Explode June 24th?Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 diffe...True Market Insiders | SponsoredCatalyst Could Trigger 10,000% Crypto GainsAre you monitoring 13,217 cryptocurrencies everyday? 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