Lowest-Rated StocksLowest-RatedNYSE:RKT Rocket Companies (RKT) Stock Price, News & Analysis $19.31 -0.47 (-2.38%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$19.27▼$20.1450-Day Range$13.16▼$20.8152-Week Range$7.17▼$21.28Volume2.93 million shsAverage Volume2.71 million shsMarket Capitalization$38.40 billionP/E Ratio175.56Dividend YieldN/APrice Target$12.94 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 RatingReduce1.58 Rating ScoreUpside/Downside33.0% Downside$12.94 Price TargetShort InterestHealthy12.48% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.37Based on 5 Articles This WeekInsider TradingAcquiring Shares$31,959 Bought Last QuarterProj. Earnings Growth127.27%From $0.22 to $0.50 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.1.80 out of 5 starsBusiness Services Sector209th out of 303 stocksMortgage Bankers & Correspondents Industry7th out of 8 stocks 1.8 Analyst's Opinion Consensus RatingRocket Companies has received a consensus rating of Reduce. The company's average rating score is 1.58, and is based on no buy ratings, 7 hold ratings, and 5 sell ratings.Amount of Analyst CoverageRocket Companies has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Rocket Companies' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted12.48% 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 5.3.Change versus previous monthShort interest in Rocket Companies has recently decreased by 6.89%, 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.Dividend CoverageThe dividend payout ratio of Rocket Companies is 1,165.45%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Rocket Companies will have a dividend payout ratio of 256.40% in the coming year. This indicates that Rocket Companies may not be able to sustain their current dividend.Read more about Rocket Companies' dividend. 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 0.37. 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 0.56 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Rocket Companies this week, compared to 4 articles on an average week.Search InterestOnly 22 people have searched for RKT on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Rocket Companies to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% 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 $31,959.00 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Rocket Companies are expected to grow by 127.27% in the coming year, from $0.22 to $0.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rocket Companies is 175.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 128.08.Price to Earnings Ratio vs. SectorThe P/E ratio of Rocket Companies is 175.56, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 40.42.Price to Book Value per Share RatioRocket Companies has a P/B Ratio of 4.62. 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 Porter & CompanyWar on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.One company holds a near-total monopoly on it. 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 HeadlinesSeptember 6 at 4:53 AM | americanbankingnews.comRocket Companies (NYSE:RKT) Price Target Increased to $11.50 by Analysts at UBS GroupSeptember 3, 2024 | prnewswire.comMortgage Technology Veteran Dan Sogorka to Lead Rocket's Broker Business Into AI-Driven RevolutionSeptember 7, 2024 | Porter & Company (Ad)Why billionaires are wiring money to abandoned towns A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution. August 30, 2024 | americanbankingnews.comRocket Companies (NYSE:RKT) Given New $14.00 Price Target at Bank of AmericaAugust 29, 2024 | benzinga.comForecasting The Future: 8 Analyst Projections For Rocket CompaniesAugust 28, 2024 | sg.finance.yahoo.comRocket Sharing Company S.p.A. (RKT.MI)August 28, 2024 | americanbankingnews.comAnalysts Set Rocket Companies, Inc. (NYSE:RKT) Target Price at $12.31August 28, 2024 | americanbankingnews.comRocket Companies Sees Unusually High Options Volume (NYSE:RKT)September 7, 2024 | Porter & Company (Ad)Why billionaires are wiring money to abandoned towns A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution. August 28, 2024 | americanbankingnews.comRocket Companies, Inc. (NYSE:RKT) Receives $12.31 Average Target Price from BrokeragesAugust 27, 2024 | msn.comImplied Volatility Surging for Rocket Companies (RKT) Stock OptionsAugust 26, 2024 | prnewswire.comRocket Companies to Host Investor Day on Tuesday, September 10, 2024August 26, 2024 | prnewswire.comRocket Mortgage's "Welcome Home RateBreak" Unlocks the Door to Lower Mortgage Payments and Thousands in Savings for HomebuyersAugust 16, 2024 | msn.comChart of the Day: Will Rocket Fizzle?August 14, 2024 | ca.finance.yahoo.comRKT Sep 2024 15.000 callAugust 14, 2024 | ca.finance.yahoo.comRKT Sep 2024 25.000 callAugust 13, 2024 | marketwatch.comRocket Cos. Inc. stock underperforms Tuesday when compared to competitors despite daily gainsAugust 13, 2024 | marketwatch.comRocket Cos. Inc. stock outperforms competitors despite losses on the daySee 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 Earnings8/01/2024Today9/07/2024Next Earnings (Estimated)11/07/2024Fiscal 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$12.94 High Stock Price Target$16.00 Low Stock Price Target$9.00 Potential Upside/Downside-33.0%Consensus RatingReduce Rating Score (0-4)1.58 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$0.11 Trailing P/E Ratio175.56 Forward P/E Ratio87.77 P/E GrowthN/ANet Income$-15,510,000.00 Net Margins0.29% Pretax Margin7.97% Return on Equity0.90% Return on Assets0.36% Debt Debt-to-Equity Ratio1.27 Current Ratio13.18 Quick Ratio13.18 Sales & Book Value Annual Sales$4.43 billion Price / Sales8.67 Cash FlowN/A Price / Cash FlowN/A Book Value$4.18 per share Price / Book4.62Miscellaneous Outstanding Shares1,988,356,000Free Float137,793,000Market Cap$38.40 billion OptionableOptionable Beta2.45 Social Links Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.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:PFSIFinance of America CompaniesNYSE:FOAGuildNYSE:GHLDNuveen Churchill Direct LendingNYSE:NCDLUWMNYSE:UWMCView All CompetitorsInsiders & InstitutionsSusquehanna International Group LLPSold 6,800 shares on 8/16/2024Ownership: 0.000%Algert Global LLCBought 12,565 shares on 8/16/2024Ownership: 0.001%Quarry LPBought 3,899 shares on 8/16/2024Ownership: 0.000%Northwestern Mutual Wealth Management Co.Sold 1,538 shares on 8/16/2024Ownership: 0.000%Kingfisher Capital LLCBought 2,606 shares on 8/15/2024Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions RKT Stock Analysis - Frequently Asked Questions How have RKT shares performed this year? Rocket Companies' stock was trading at $14.48 at the beginning of the year. Since then, RKT shares have increased by 33.4% and is now trading at $19.31. View the best growth stocks for 2024 here. How were Rocket Companies' earnings last quarter? Rocket Companies, Inc. (NYSE:RKT) posted its earnings results on Thursday, August, 1st. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. When did Rocket Companies' stock split? Shares of Rocket Companies split on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly issued shares were payable 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. Does Rocket Companies have any subsidiaries? Rocket Companies subsidiaries include these companies: Truebill, Amrock LLC, and Rocket Mortgage LLC. 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 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. Who are Rocket Companies' major shareholders? Rocket Companies' top institutional investors include Davis Selected Advisers (0.16%), Renaissance Technologies LLC (0.12%), Marshall Wace LLP (0.04%) and Susquehanna International Group LLP. Insiders that own company stock include Jay Farner, Matthew Rizik and Jonathan D Mariner. 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. What other stocks do shareholders of Rocket Companies own? Based on aggregate information from My MarketBeat watchlists, some other companies that Rocket Companies investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Boeing (BA), Block (SQ), DraftKings (DKNG) and Zoom Video Communications (ZM). This page (NYSE:RKT) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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