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NYSE:RKT

Rocket Companies (RKT) Stock Price, News & Analysis

Rocket Companies logo
$11.82 +0.19 (+1.63%)
(As of 12/20/2024 05:30 PM ET)

About Rocket Companies Stock (NYSE:RKT)

Key Stats

Today's Range
$11.62
$12.12
50-Day Range
$11.58
$18.59
52-Week Range
$10.87
$21.38
Volume
6.29 million shs
Average Volume
2.94 million shs
Market Capitalization
$23.58 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.92
Consensus Rating
Reduce

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.

Rocket Companies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

RKT MarketRank™: 

Rocket Companies scored higher than 45% of companies evaluated by MarketBeat, and ranked 679th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Rocket Companies has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 6 hold ratings, and 6 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.

  • Read more about Rocket Companies' stock forecast and price target.
  • Earnings Growth

    Earnings for Rocket Companies are expected to grow by 256.25% in the coming year, from $0.16 to $0.57 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Rocket Companies is -73.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Rocket Companies is -73.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Rocket Companies has a P/B Ratio of 2.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    11.38% 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 4.5.
  • Change versus previous month

    Short interest in Rocket Companies has recently decreased by 4.90%, indicating that investor sentiment is improving.
  • 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 Sustainability

    Based on EPS estimates, Rocket Companies will have a dividend payout ratio of 224.91% in the coming year. This indicates that Rocket Companies may not be able to sustain their current dividend.

  • Read more about Rocket Companies' dividend.
  • Percentage of Shares Shorted

    11.38% 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 4.5.
  • Change versus previous month

    Short interest in Rocket Companies has recently decreased by 4.90%, indicating that investor sentiment is improving.
  • News Sentiment

    Rocket Companies has a news sentiment score of 0.49. 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 0.74 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Rocket Companies this week, compared to 5 articles on an average week.
  • Search Interest

    Only 6 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 Follows

    Only 2 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.
  • 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.

  • Read more about Rocket Companies' insider trading history.
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RKT Stock News Headlines

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Morgan Stanley Remains a Hold on Rocket Companies (RKT)
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Morgan Stanley Lowers Rocket Companies (NYSE:RKT) Price Target to $13.00
Rocket Companies (RKT) Receives a New Rating from a Top Analyst
See More Headlines

RKT Stock Analysis - Frequently Asked Questions

Rocket Companies' stock was trading at $14.48 at the beginning of 2024. Since then, RKT stock has decreased by 18.4% and is now trading at $11.82.
View the best growth stocks for 2024 here
.

Rocket Companies, Inc. (NYSE:RKT) issued its quarterly earnings results on Tuesday, November, 12th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The firm's revenue was down 46.2% compared to the same quarter last year.

Shares of Rocket Companies split on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly created 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.

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

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.

Rocket Companies' top institutional investors include FMR LLC (0.38%), State Street Corp (0.21%), Geode Capital Management LLC (0.10%) and Wellington Management Group LLP. Insiders that own company stock include Jay Farner, Matthew Rizik and Jonathan D Mariner.
View institutional ownership trends
.

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.

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
11/12/2024
Today
12/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Fax
N/A
Employees
14,700
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$13.92
High Stock Price Target
$18.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+17.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
12 Analysts

Profitability

Net Income
$-15,510,000.00
Pretax Margin
-6.21%

Debt

Sales & Book Value

Annual Sales
$3.87 billion
Book Value
$4.18 per share

Miscellaneous

Outstanding Shares
1,994,715,000
Free Float
138,234,000
Market Cap
$23.58 billion
Optionable
Optionable
Beta
2.38

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This page (NYSE:RKT) was last updated on 12/22/2024 by MarketBeat.com Staff
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