Rocket Companies (RKT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $17.43 to $17.85
• 50-Day Range: $17.28 to $20.81
• 52-Week Range: $7.17 to $21.38
• Volume: 2.60 million shs
• Average Volume: 2.80 million shs
• Market Capitalization: $35.27 billion
• P/E Ratio: 253.46
• Dividend Yield: N/A
• Price Target: $14.89
• Consensus Rating: Reduce

Rocket Companies Stock Analysis - MarketRank™

Rocket Companies scored higher than 29% of companies evaluated by MarketBeat, and ranked 816th out of 932 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Rocket Companies has received a consensus rating of Reduce. The company's average rating score is 1.55, and is based on no buy ratings, 6 hold ratings, and 5 sell ratings.

Amount of Analyst Coverage

Rocket Companies has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 172.73%

Earnings Growth

Earnings for Rocket Companies are expected to grow by 172.73% in the coming year, from $0.22 to $0.60 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Rocket Companies is 253.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 115.75.

Price to Earnings Ratio vs. Sector

The P/E ratio of Rocket Companies is 253.46, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 38.52.

Price to Book Value per Share Ratio

Rocket Companies has a P/B Ratio of 4.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.00% 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 5.2.

Change versus previous month

Short interest in Rocket Companies has recently increased by 10.58%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Rocket Companies does not currently pay a dividend.

Dividend Growth

Rocket Companies does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Rocket Companies is 1,165.45%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Rocket Companies will have a dividend payout ratio of 213.67% in the coming year. This indicates that Rocket Companies may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.00% 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 5.2.

Change versus previous month

Short interest in Rocket Companies has recently increased by 10.58%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.67

News Sentiment

Rocket Companies has a news sentiment score of 0.67. 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 news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Rocket Companies this week, compared to 5 articles on an average week.

Search Interest

Only 15 people have searched for RKT on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

MarketBeat Follows

7 people have added Rocket Companies to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Rocket Companies insiders have not sold or bought any company stock.

Percentage Held by Insiders

93.07% 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 Institutions

Only 4.59% of the stock of Rocket Companies is held by institutions.

RKT Stock Analysis - Frequently Asked Questions

How have RKT shares performed this year?

Rocket Companies' stock was trading at $14.48 at the start of the year. Since then, RKT shares have increased by 22.5% and is now trading at $17.74.
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, topping the consensus estimate of $0.05 by $0.01. Rocket Companies's revenue was up 5.3% on a year-over-year basis.

When did Rocket Companies' stock split?

Rocket Companies's stock split on the morning of Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly created 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.

Does Rocket Companies have any subsidiaries?

The following companies are subsidiaries of Rocket Companies: Truebill, Amrock LLC, and Rocket Mortgage LLC.

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 $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?

Top institutional investors of Rocket Companies include Exchange Traded Concepts LLC (0.01%), CWM LLC and Wedmont Private Capital. 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 NVIDIA (NVDA), Zomedica (ZOM), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Humana (HUM) and American Water Works (AWK).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 10/13/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• 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: $14.89
• High Stock Price Target: $20.00
• Low Stock Price Target: $10.75
• Potential Upside/Downside: -16.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.55
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.11
• Trailing P/E Ratio: 253.46
• Forward P/E Ratio: 80.64
• P/E Growth: N/A
• Net Income: $-15,510,000.00
• Net Margins: 0.29%
• Pretax Margin: 7.97%
• Return on Equity: 0.90%
• Return on Assets: 0.36%

Debt

• Debt-to-Equity Ratio: 1.27
• Current Ratio: 13.18
• Quick Ratio: 13.18

Sales & Book Value

• Annual Sales: $4.43 billion
• Price / Sales: 7.97
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.18 per share
• Price / Book: 4.24

Miscellaneous

• Outstanding Shares: 1,988,356,000
• Free Float: 137,869,000
• Market Cap: $35.27 billion
• Optionable: Optionable
• Beta: 2.44