Rocket Companies, Inc. (RKT)

NYSE: RKT · IEX Real-Time Price · USD
12.35
+0.15 (1.23%)
At close: Apr 26, 2024, 4:00 PM
12.44
+0.09 (0.73%)
After-hours: Apr 26, 2024, 7:29 PM EDT
1.23%
Market Cap 24.52B
Revenue (ttm) 3.80B
Net Income (ttm) -15.51M
Shares Out 1.99B
EPS (ttm) -0.15
PE Ratio n/a
Forward PE 38.94
Dividend n/a
Ex-Dividend Date n/a
Volume 1,500,768
Open 12.29
Previous Close 12.20
Day's Range 12.16 - 12.69
52-Week Range 7.17 - 15.19
Beta 2.39
Analysts Sell
Price Target 10.20 (-17.41%)
Earnings Date May 2, 2024

About 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 buyin... [Read more]

Sector Financials
IPO Date Aug 6, 2020
Employees 14,700
Stock Exchange NYSE
Ticker Symbol RKT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for RKT stock is "Sell." The 12-month stock price forecast is $10.2, which is a decrease of -17.41% from the latest price.

Price Target
$10.2
(-17.41% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Rocket Companies Introduces Rocket Logic - Synopsis AI Tool to Analyze and Transcribe Calls, Personalizing Client Interactions

AI-based tool saves team members approximately 60,000 total hours annually DETROIT , April 23, 2024 /PRNewswire/ -- Rocket Mortgage, America's largest retail mortgage lender and part of Rocket Compani...

4 days ago - PRNewsWire

Rocket Companies to Announce First Quarter 2024 Results on May 2

DETROIT , April 18, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other ...

8 days ago - PRNewsWire

Homebuilders fall following hot inflation numbers

CNBC's Diana Olick reports on how Wednesday's CPI data will impact the real estate sector.

Other symbols: ITBDHIKBHLENUWMC
17 days ago - CNBC Television

Rocket Companies Introduces Rocket Logic AI Platform to Make Homeownership Faster and Easier

Patented platform simplifies and automates the end-to-end homebuying experience  by leveraging generative AI, automation and machine learning DETROIT , April 9, 2024 /PRNewswire/ -- Rocket Mortgage, A...

18 days ago - PRNewsWire

Homeowners scrambling for cash breathe new life into second-lien mortgage market

Second-lien mortgages have been getting a new lease on life as more borrowers tap their homes for cash two years after the Federal Reserve began jacking up interest rates.

6 weeks ago - Market Watch

Rocket Companies Announces Fourth Quarter and Full Year 2023 Results

Generated Q4'23 net revenue of $694 million and adjusted revenue of $885 million. Adjusted revenue exceeded the high end of guidance range, and year-over-year growth accelerated for a second quarter i...

2 months ago - PRNewsWire

Rocket Companies to Announce Fourth Quarter and Full Year 2023 Results on February 22

DETROIT , Feb. 8, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other fi...

2 months ago - PRNewsWire

Rocket Homes Real Estate Search App Now Available on Apple Vision Pro

Homebuyers can virtually explore listings and tour properties through the Rocket Homes app on Apple Vision Pro DETROIT , Feb. 5, 2024 /PRNewswire/ -- Rocket Homes Real Estate LLC , a tech-based real e...

2 months ago - PRNewsWire

Rocket Companies Appoints AI and Fintech Expert Alex Rampell to Board of Directors

This appointment of Rampell, along with the recent addition of CEO Varun Krishna to the Board, furthers the Company's fintech and AI-driven vision. DETROIT , Feb. 1, 2024 /PRNewswire/ -- Rocket Compan...

3 months ago - PRNewsWire

Rocket Companies Appoints Jonathan Mildenhall as Chief Marketing Officer

Mildenhall is an internationally recognized marketing leader with decades of experience growing brands for public companies including Coca Cola and Airbnb. DETROIT , Jan. 4, 2024 /PRNewswire/ -- Rocke...

4 months ago - PRNewsWire

Rocket Mortgage parent's stock rocked by analyst's sell call

Shares of Rocket Cos. tumbled Wednesday toward their worst day in 14 months after Keefe, Bruyette & Woods analyst Bose George turned bearish, citing valuation and the company's weakness in the home-pu...

4 months ago - Market Watch

Rocket Homes Launches First AI-Driven Apple CarPlay Feature to Fuel Homeownership

Rocket Homes now shows nearby homes for sale on the car screen through Apple CarPlay. DETROIT , Dec. 12, 2023 /PRNewswire/ -- Rocket Homes, a tech-based real estate service provider and part of Rocket...

4 months ago - PRNewsWire

Agree Realty Announces Appointment of Linglong He to Board of Directors

ROYAL OAK, Mich. , Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effecti...

Other symbols: ADC
4 months ago - PRNewsWire

Rocket Companies CEO: Most of the players in real estate are 'significantly under-penetrated'

Varun Krishna, Rocket Companies CEO, joins 'Squawk Box' to discuss mortgage demand, mortgage rate trends, the state of the housing market, impact of A.I., and more.

5 months ago - CNBC Television

Rocket Companies Announces Third Quarter 2023 Results

Generated Q3'23 net revenue of $1.203 billion and adjusted revenue of $1.002 billion. Adjusted revenue exceeded the high end of guidance range Reported GAAP net income of $115 million, or $0.04 per GA...

6 months ago - PRNewsWire

Sterling Bank and Trust Teams Up with Rocket Mortgage to Offer Bank Customers Access to Rocket's Award-Winning Home Loan Experience

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bank and Trust, F.S.B., the wholly owned subsidiary of Sterling Bancorp, Inc. (NASDAQ: SBT) today announced a partnership with Rocket Mortgage, America's l...

Other symbols: SBT
6 months ago - Business Wire

Pathfinder, Rocket's Proprietary Mortgage Guideline Search Engine, Reaches New Heights Using Automation, AI and Machine Learning

The innovative tool leverages generative AI technology to provide one source of truth for loan officers and underwriters, helping buyers purchase their new home with speed and certainty DETROIT , Oct....

6 months ago - PRNewsWire

Lendesk Harnesses the Power of Artificial Intelligence With New Lender Spotlight AI Assistant - Saving Mortgage Professionals Time and Finding Solutions Faster for Homebuyers

New generative AI resource improves precision and expedites decision-making, helping Canadian homebuyers access mortgage options quicker VANCOUVER, BC , Oct. 24, 2023 /PRNewswire/ -- Lendesk Technolog...

6 months ago - PRNewsWire

Rocket Companies to Announce Third Quarter 2023 Results on November 2

DETROIT , Oct. 19, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real esta...

6 months ago - PRNewsWire

Rocket Companies Announces Second Quarter 2023 Results

Rocket Companies appoints Varun Krishna as Chief Executive Officer of Rocket Companies and Rocket Mortgage Generated Q2'23 net revenue of $1.236 billion and adjusted revenue of $1.002 billion. Adjuste...

9 months ago - PRNewsWire

Rocket Companies Appoints Varun Krishna Chief Executive Officer

Highly Accomplished Fintech Executive with Proven Track Record of Delivering Superior Performance and Innovation Bob Walters, Rocket Companies Executive and Rocket Mortgage CEO to Retire Effective Sep...

9 months ago - PRNewsWire

Rocket Mortgage Ranked #1 in the U.S. for Client Satisfaction in Mortgage Servicing by J.D. Power for the 9th Time

The company has earned 21 total accolades from J.D. Power – including 12 top rankings for mortgage origination – the most of any home lender.

9 months ago - PRNewsWire

Rocket Mortgage Canada Becomes Mortgage Lender - Helping Simplify the Homebuying Experience

Canada's newest lender will offer end-to-end technology platform, ensuring transparency and speed throughout every step of the homebuying process WINDSOR, ON , July 25, 2023 /PRNewswire/ -- Rocket Mor...

9 months ago - PRNewsWire

Rocket Companies to Announce Second Quarter 2023 Results on August 3

DETROIT , July 20, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real esta...

10 months ago - PRNewsWire

Lowe's cuts guidance, Rocket introduces 1% down program for home buyers

Yahoo Finance reporter Dani Romero discusses Lowe's Q1 earnings which indicate that homeowners are remodeling their homes less and breaks down which areas consumers are downsizing in.

Other symbols: LOW
1 year ago - Yahoo Finance