A number of other equities research analysts also recently weighed in on RKT. Barclays raised shares of Rocket Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $10.00 to $14.00 in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Rocket Companies from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group lifted their price target on shares of Rocket Companies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $18.00 target price on shares of Rocket Companies in a research report on Tuesday, April 1st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $12.00 target price (down from $13.00) on shares of Rocket Companies in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.46.

Check Out Our Latest Stock Report on RKT

Shares of RKT opened at $13.68 on Thursday. The business’s 50-day moving average price is $13.23 and its 200-day moving average price is $12.91. Rocket Companies has a twelve month low of $10.06 and a twelve month high of $21.38. The stock has a market cap of $27.36 billion, a PE ratio of -456.00 and a beta of 2.28. The company has a quick ratio of 12.62, a current ratio of 12.62 and a debt-to-equity ratio of 1.37.

Rocket Companies (NYSE:RKT – Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Rocket Companies had a return on equity of 3.61% and a net margin of 0.06%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s revenue was down 10.8% on a year-over-year basis. On average, equities analysts forecast that Rocket Companies will post 0.15 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in RKT. Farther Finance Advisors LLC raised its stake in Rocket Companies by 1,617.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 16,543 shares of the company’s stock worth $235,000 after acquiring an additional 15,580 shares during the period. Lincoln Capital Corp raised its stake in Rocket Companies by 304.1% during the 2nd quarter. Lincoln Capital Corp now owns 270,614 shares of the company’s stock worth $3,837,000 after acquiring an additional 203,639 shares during the period. Harbor Capital Advisors Inc. raised its stake in Rocket Companies by 19.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 57,668 shares of the company’s stock worth $818,000 after acquiring an additional 9,331 shares during the period. MFG Wealth Management Inc. raised its stake in Rocket Companies by 37.6% during the 2nd quarter. MFG Wealth Management Inc. now owns 177,762 shares of the company’s stock worth $2,521,000 after acquiring an additional 48,560 shares during the period. Finally, Voya Investment Management LLC raised its stake in Rocket Companies by 0.9% during the 1st quarter. Voya Investment Management LLC now owns 565,757 shares of the company’s stock worth $6,829,000 after acquiring an additional 4,906 shares during the period. Institutional investors own 4.59% of the company’s stock.

(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.

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