Rocket Companies
About: Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
Employees: 14,700
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
129% more call options, than puts
Call options by funds: $169M | Put options by funds: $73.7M
53% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 64
47% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 38
45% more capital invested
Capital invested by funds: $1.45B [Q2] → $2.11B (+$655M) [Q3]
6% more funds holding
Funds holding: 252 [Q2] → 266 (+14) [Q3]
2.16% more ownership
Funds ownership: 75.94% [Q2] → 78.1% (+2.16%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10.50
13%
downside
Avg. target
$13.50
12%
upside
High target
$18
50%
upside
9 analyst ratings
0 positive
0%
6 neutral
67%
3 negative
33%
JP Morgan Richard Shane 62% 1-year accuracy 41 / 66 met price target | 13%downside $10.50 | Underweight Maintained | 14 Jan 2025 |
UBS Douglas Harter 61% 1-year accuracy 17 / 28 met price target | 4%downside $11.50 | Neutral Upgraded | 10 Jan 2025 |
Goldman Sachs Ryan Nash 58% 1-year accuracy 15 / 26 met price target | 16%upside $14 | Neutral Maintained | 7 Jan 2025 |
Keefe, Bruyette & Woods Bose George 74% 1-year accuracy 28 / 38 met price target | 13%downside $10.50 | Underperform Maintained | 3 Jan 2025 |
Morgan Stanley James Faucette 72% 1-year accuracy 18 / 25 met price target | 8%upside $13 | Equal-Weight Maintained | 19 Dec 2024 |
Financial journalist opinion
Neutral
PRNewsWire
4 days ago
Rocket Launches Rocket.com Website with Integrated Search, Financing and Management Tools
Rocket Companies unites and streamlines the end-to-end homeownership process with Rocket Mortgage and Rocket Homes DETROIT , Jan. 22, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company consisting of mortgage, real estate and personal finance businesses, today announced the launch of Rocket.com. Rocket.com empowers consumers to search, purchase and manage their home financing with an intuitive, AI-driven experience, simplifying every step of the homeownership journey.
Neutral
PRNewsWire
1 week ago
Rocket Companies Unifies Under the 'Rocket' Brand with New Visual Identity
The announcement marks the first phase of Rocket's brand restage, set to be fully revealed during the company's return to the Super Bowl CLICK HERE TO FIND A GALLERY OF IMAGES SHOWING THE NEW VISUAL IDENTITY DETROIT , Jan. 14, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company consisting of mortgage, real estate and personal finance businesses, today unveiled a bold refresh to its brand identity. Designed to position Rocket as one of the most inclusive brands in America, the visual identity unifies many of the company's services under the overarching "Rocket" brand, creating an influential end-to-end homeownership experience.
Neutral
MarketBeat
1 month ago
Top 3 Stocks for Safe Returns Now and Into Next Year
As the year comes to an end, many issues remain to be solved in 2025, such as potential new trade tariffs, conflicts in the geopolitical arena, and a new United States presidential inauguration. Each of these topics breeds volatility in the stock market, so investors really need to tread carefully in the coming months to avoid falling into potential traps and volatility pockets.
Positive
Benzinga
1 month ago
Three Fintech Winners That Rocked In Q3
For much of this year, global fintech activity has remained strong, largely driven by increased consumer demand and small enterprises side-stepping high-street banking systems amid a high interest rate environment.
Negative
WSJ
1 month ago
Rocket Mortgage Sues U.S., Challenges DOJ Discrimination Suit
Rocket Mortgage sued the federal government as part of a challenge to the Justice Department's recent discrimination lawsuit tying Rocket to the conduct of an appraiser it used.
Negative
CNBC Television
1 month ago
Rocket Companies' Bill Emerson on DOJ lawsuit: We're being used as poster child to garner headlines
Bill Emerson, Rocket Companies president, joins 'Squawk Box' to discuss the company's lawsuit against the Department of Housing and Urban Department, why the company filed a motion to be dismissed from a DOJ racial discrimination lawsuit, state of the mortgage market, and more.
Neutral
PRNewsWire
1 month ago
Rocket Mortgage Sues United States Department of Housing and Urban Development
The company also filed a motion to dismiss the claim the Department of Justice brought against the company DOJ's recent claim against Rocket Mortgage misplaced blame on the Company for work done by an independent appraiser hired by an independent appraisal management company DETROIT , Dec. 5, 2024 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), filed suit in Federal District Court against the United States Department of Housing and Urban Development (HUD) to correct conflicts between the government's regulations requiring appraiser independence and its enforcement actions seeking to hold lenders liable for the conduct of independent licensed appraisers. Rocket Mortgage also filed a motion to dismiss the claim the DOJ brought against the company based on the same regulatory conflicts and misapplication of applicable law.
Neutral
PRNewsWire
1 month ago
Rocket Companies CFO Brian Brown to Present at Goldman Sachs 2024 U.S. Financial Services Conference
DETROIT , Nov. 27, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that Chief Financial Officer and Treasurer Brian Brown will participate in a fireside chat at the 2024 Goldman Sachs U.S. Financial Services Conference on Tuesday, December 10, at 1:40 p.m. ET. A live webcast of the event will be available on the "Events & Presentations" section of the Company's Investor Relations website at ir.rocketcompanies.com.
Negative
Benzinga
2 months ago
Rocket Companies Analysts Cut Their Forecasts After Q3 Results
Rocket Companies, Inc. RKT reported worse-than-expected third-quarter revenue results, after the closing bell on Tuesday.
Negative
Investopedia
2 months ago
Rocket Companies Stock Sinks as High Mortgage Rates Hurt Results, Outlook
Rocket Companies (RKT) shares tumbled 10% Wednesday, a day after the online financial platform badly missed revenue estimates and gave soft guidance as the housing market continued to be squeezed by high borrowing costs.
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