Rocket Companies, Inc. (NYSE:RKT - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $12.04, but opened at $11.64. Rocket Companies shares last traded at $11.47, with a volume of 844,903 shares traded.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on RKT. UBS Group cut their price target on shares of Rocket Companies from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft raised Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 price target on the stock in a research note on Wednesday, April 2nd. The Goldman Sachs Group cut their target price on shares of Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Wedbush reissued an "outperform" rating and issued a $13.00 price objective on shares of Rocket Companies in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered their target price on Rocket Companies from $14.00 to $10.50 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.38.
View Our Latest Stock Report on Rocket Companies
Rocket Companies Price Performance
The stock has a market cap of $22.90 billion, a price-to-earnings ratio of -71.69 and a beta of 2.35. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47. The stock's 50 day simple moving average is $13.48 and its two-hundred day simple moving average is $13.64.
Rocket Companies Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.80 dividend. The ex-dividend date was Thursday, March 20th. Rocket Companies's dividend payout ratio (DPR) is presently 801.25%.
Institutional Investors Weigh In On Rocket Companies
Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Rocket Companies by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 33,035 shares of the company's stock valued at $372,000 after buying an additional 936 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Rocket Companies by 3.6% in the 4th quarter. Vident Advisory LLC now owns 30,798 shares of the company's stock valued at $347,000 after purchasing an additional 1,078 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Rocket Companies by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company's stock worth $47,000 after purchasing an additional 1,764 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Rocket Companies by 302.2% during the 1st quarter. Parallel Advisors LLC now owns 2,956 shares of the company's stock valued at $36,000 after purchasing an additional 2,221 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Rocket Companies by 58.1% during the 4th quarter. KBC Group NV now owns 6,056 shares of the company's stock valued at $68,000 after purchasing an additional 2,226 shares during the last quarter. 4.59% of the stock is owned by institutional investors and hedge funds.
Rocket Companies Company Profile
(
Get Free Report)
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.
See Also
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