Rocket Companies Inc (NYSE:RKT)’s traded shares stood at 2.41 million during the latest session, with the company’s beta value hitting 2.31. At the last check today, the stock’s price was $11.94, to imply a decrease of -6.31% or -$0.81 in intraday trading. The RKT share’s 52-week high remains $20.23, putting it -69.43% down since that peak but still an impressive 20.27% since price per share fell to its 52-week low of $9.52. The company has a valuation of $23.88B, with an average of 23.53 million shares in intraday trading volume over the past 10 days and average of 8.48 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Rocket Companies Inc (RKT), translating to a mean rating of 2.83. Of 10 analyst(s) looking at the stock, 2 analyst(s) give RKT a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.05.
Rocket Companies Inc (NYSE:RKT) trade information
After registering a -6.31% downside in the latest session, Rocket Companies Inc (RKT) has traded red over the past five days. The 5-day price performance for the stock is -13.75%, and -11.42% over 30 days. With these gigs, the year-to-date price performance is 12.10%. Short interest in Rocket Companies Inc (NYSE:RKT) saw shorts transact 30.6 million shares and set a 4.11 days time to cover.
The extremes give us $16 and $18 for target low and target high price respectively. As such, RKT has been trading -50.75% off suggested target high and -34.0% from its likely low.
Rocket Companies Inc (RKT) estimates and forecasts
The rating firms project that company’s revenue will grow 23.09% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 1.25B. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 1.5B.Earnings reports from the last fiscal year show that sales brought in 1.16B and 1.23B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 7.57% before jumping 22.43% in the following quarter.
RKT Dividends
Rocket Companies Inc has its next earnings report out on 2025-Feb-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Rocket Companies Inc (NYSE:RKT)’s Major holders
Rocket Companies Inc insiders hold 7.21% of total outstanding shares, with institutional holders owning 74.10% of the shares at 79.86% float percentage. In total, 74.10% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 12.1 million shares (or 8.8303% of shares), all amounting to roughly $165.73 million.
The next major institution holding the largest number of shares is FMR LLC with 11.16 million shares, or about 7.9925% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $152.91 million.
We also have John Hancock Funds III-John Hancock Disciplined Value Mid Cap Fund and College Retirement Equities Fund-Growth Account as the top two Mutual Funds with the largest holdings of the Rocket Companies Inc (RKT) shares. Going by data provided on Feb 28, 2025 , John Hancock Funds III-John Hancock Disciplined Value Mid Cap Fund holds roughly 9.42 shares. This is just over 6.39% of the total shares, with a market valuation of $112.57 million. Data from the same date shows that the other fund manager holds a little less at 4.98, or 3.38% of the shares, all valued at about 59.5 million.
