NYSE:RKT Rocket Companies (RKT) Stock Price, News & Analysis $18.07 -0.78 (-4.14%) (As of 10/3/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Rocket Companies Stock (NYSE:RKT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$17.93▼$18.8450-Day Range$15.36▼$20.8152-Week Range$7.17▼$21.38Volume3.70 million shsAverage Volume2.78 million shsMarket Capitalization$35.95 billionP/E Ratio164.29Dividend YieldN/APrice Target$14.16Consensus RatingReduce Company OverviewRocket 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… Don’t Miss Out! Get 2 Hot AI Stocks for Under $10/Share 🚀 (Ad)Artificial Intelligence (AI) stocks are booming, and now is your chance to get in on the action — without breaking the bank! We’ve just uncovered 2 must-buy AI stocks trading for under $10/share, and they’re showing serious potential for growth.Click here to get your FREE report delivered instantly! Rocket Companies Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks32nd Percentile Overall ScoreRKT MarketRank™: Rocket Companies scored higher than 32% of companies evaluated by MarketBeat, and ranked 806th out of 955 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.8 / 5Analyst RatingReduce Consensus RatingRocket 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 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. Earnings and Valuation1.9 / 5Proj. Earnings Growth131.82% Earnings GrowthEarnings for Rocket Companies are expected to grow by 131.82% in the coming year, from $0.22 to $0.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rocket Companies is 164.29, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.07.Price to Earnings Ratio vs. SectorThe P/E ratio of Rocket Companies is 164.29, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 47.27.Price to Book Value per Share RatioRocket Companies has a P/B Ratio of 4.32. 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. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted13.56% 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 4.9.Change versus previous monthShort interest in Rocket Companies has recently increased by 4.05%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldRocket Companies does not currently pay a dividend.Dividend GrowthRocket Companies does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted13.56% 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 4.9.Change versus previous monthShort interest in Rocket Companies has recently increased by 4.05%, indicating that investor sentiment is decreasing. News and Social Media2.8 / 5News Sentiment0.97 News SentimentRocket Companies has a news sentiment score of 0.97. 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 higher news sentiment than the 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Rocket Companies this week, compared to 4 articles on an average week.Search InterestOnly 13 people have searched for RKT on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.MarketBeat Follows6 people have added Rocket Companies to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Rocket Companies insiders have not sold or bought any 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. RKT Stock News Headlines3 Stocks to Watch as Call Option Activity Heats Up (RKT)Three stocks were the choice for option traders to buy thousands of call options on, as the potential upside is confirmed by Wall Street analystsSeptember 12, 2024 | marketbeat.com3 Key Reasons Why Rocket Companies Stock Will Rally SoonThree reasons stand out for investors to consider Rocket Companies stock for the coming quarters, fundamentals and sentiment gauges line up for the nameSeptember 12, 2024 | marketbeat.comDon’t Miss Out! Get 2 Hot AI Stocks for Under $10/Share 🚀Artificial Intelligence (AI) stocks are booming, and now is your chance to get in on the action — without breaking the bank! We’ve just uncovered 2 must-buy AI stocks trading for under $10/share, and they’re showing serious potential for growth.October 3, 2024 | Darwin (Ad)Invest While You Can: Pullbacks on These 3 Stocks Won’t Last Long (RKT)Three stocks stand out for investors to consider as they recently had big selloffs. There are fundamental reasons to believe that these discounts won't lastSeptember 10, 2024 | marketbeat.comRocket Mortgage and Annaly Capital Management, Inc. Enter Strategic Subservicing RelationshipOctober 1 at 9:00 AM | prnewswire.comMortgage Rates Drop To 2-Year Low, Refinancing Hits 'Fastest Pace' Since 2022: Rocket, LendingTree Among MoversSeptember 18, 2024 | benzinga.comRocket Companies Unusual Options ActivitySeptember 14, 2024 | benzinga.comJefferies Sticks to Its Hold Rating for Rocket Companies (RKT)September 12, 2024 | markets.businessinsider.comSee More Headlines RKT Stock Analysis - Frequently Asked Questions How have RKT shares performed this year? Rocket Companies' stock was trading at $14.48 on January 1st, 2024. Since then, RKT shares have increased by 24.8% and is now trading at $18.07. View the best growth stocks for 2024 here. How were Rocket Companies' earnings last quarter? Rocket Companies, Inc. (NYSE:RKT) released its quarterly earnings results on Thursday, August, 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company's quarterly revenue was up 5.3% on a year-over-year basis. When did Rocket Companies' stock split? Rocket Companies's stock split before market open on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted 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? Rocket Companies subsidiaries include Truebill, Amrock LLC, and Rocket Mortgage LLC. 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 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. 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). Company Calendar Last Earnings8/01/2024Today10/03/2024Next Earnings (Estimated)11/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance 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$14.16 High Stock Price Target$20.00 Low Stock Price Target$10.00 Potential Upside/Downside-21.6%Consensus RatingReduce Rating Score (0-4)1.55 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$0.11 Trailing P/E Ratio164.29 Forward P/E Ratio82.14 P/E GrowthN/ANet Income$-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$3.80 billion Price / Sales9.46 Cash FlowN/A Price / Cash FlowN/A Book Value$4.18 per share Price / Book4.32Miscellaneous Outstanding Shares1,989,450,000Free Float137,793,000Market Cap$35.95 billion OptionableOptionable Beta2.45 Social Links This page (NYSE:RKT) was last updated on 10/3/2024 by MarketBeat.com Staff From Our PartnersThe world’s smartest man is in their crosshairsElon Musk is one of mankind’s greatest innovators. 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