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RKT

Rocket Cos Inc

RKT

10.51USD+0.16 (+1.55%)Market Closed
Watchlist

Market Summary

USD10.51+0.16
Market Closed
1.55%

RKT Stock Price

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RKT RSI Chart

RKT Valuation

Market Cap

1.3B

Price/Earnings (Trailing)

-1.47

Price/Sales (Trailing)

0.37

EV/EBITDA

-0.88

Price/Free Cashflow

-10.17

RKT Price/Sales (Trailing)

RKT Profitability

EBT Margin

-0.81%

Return on Equity

-4.96%

Return on Assets

-1.99%

Free Cashflow Yield

-9.83%

RKT Fundamentals

RKT Revenue

Revenue (TTM)

3.6B

Revenue Y/Y

-7.07%

Revenue Q/Q

-2.67%

RKT Earnings

Earnings (TTM)

-906.9M

Earnings Y/Y

-10.19%

Earnings Q/Q

-16.56%

Price Action

Last 7 days

6.5%

Last 30 days

25.0%

Last 90 days

2.3%

Trailing 12 Months

23.7%

How does RKT drawdown profile look like?

RKT Financial Health

RKT Investor Care

Shares Dilution (1Y)

6.68%

Diluted EPS (TTM)

-0.26

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.8B3.7B3.6B0
202211.0B9.8B8.0B5.8B
202118.9B16.5B15.0B12.9B
20205.9B10.0B12.9B15.7B
20194.4B4.7B4.9B5.1B
20180004.2B
Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for RKT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Oct 31, 2023
brown brian nicholas
sold (taxes)
-285,912
7.39
-38,689
chief fin. officer & treasurer
Oct 17, 2023
rizik matthew
acquired
-
-
58,524
-
Aug 24, 2023
mariner jonathan d
sold
-129,000
10.32
-12,500
-
Aug 05, 2023
john tina v.
sold (taxes)
-12,264
11.18
-1,097
general counsel & secretary
Aug 05, 2023
brown brian nicholas
sold (taxes)
-124,657
11.18
-11,150
chief fin. officer & treasurer
Jun 13, 2023
mariner jonathan d
acquired
214,999
9.27
23,193
-
Jun 13, 2023
shank suzanne f.
acquired
214,999
9.27
23,193
-
Jun 13, 2023
tellem nancy
acquired
214,999
9.27
23,193
-
Mar 07, 2023
brown brian nicholas
sold (taxes)
-199,849
8.23
-24,283
chief fin. officer & treasurer
Mar 07, 2023
farner jay
sold (taxes)
-799,339
8.23
-97,125
chief executive officer

1–10 of 50

Which funds bought or sold RKT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
CITIGROUP INC
reduced
-27.47
-29,995
58,781
 -%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-49.25
-44,758
38,642
 -%
Nov 21, 2023
Walleye Capital LLC
reduced
-59.69
-244,898
142,586
 -%
Nov 21, 2023
Walleye Trading LLC
new
-
78,683
78,683
 -%
Nov 21, 2023
COMERICA BANK
new
-
70,863
70,863
 -%
Nov 15, 2023
Westside Investment Management, Inc.
reduced
-7.06
-2,210
12,270
 -%
Nov 15, 2023
MANUFACTURERS LIFE INSURANCE COMPANY, THE
reduced
-37.77
-102,557
134,937
 -%
Nov 15, 2023
JANE STREET GROUP, LLC
reduced
-69.05
-1,831,920
721,369
 -%
Nov 15, 2023
WOLVERINE TRADING, LLC
reduced
-26.62
-190,511
378,922
 -%
Nov 15, 2023
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-9.97
-90,000
417,000
 -%

1–10 of 35

Latest Funds Activity

Are funds buying RKT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own RKT
No. of Funds

Schedule 13G FIlings of Rocket Cos Inc

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
caledonia (private) investments pty ltd
8.70%
10,595,154
SC 13G/A
Feb 09, 2023
vanguard group inc
8.91%
10,856,327
SC 13G/A
Feb 02, 2023
invesco ltd.
5.0%
6,140,927
SC 13G/A
Feb 15, 2022
caledonia (private) investments pty ltd
6.89%
9,312,452
SC 13G
Feb 14, 2022
invesco ltd.
7.6%
10,298,814
SC 13G
May 10, 2021
invesco ltd.
4.1%
5,615,003
SC 13G/A
Feb 16, 2021
caledonia (private) investments pty ltd
8.29%
9,548,827
SC 13G
Feb 12, 2021
invesco ltd.
9.3%
10,692,985
SC 13G/A
Feb 10, 2021
blackrock inc.
4.8%
5,506,751
SC 13G/A
Feb 10, 2021
vanguard group inc
5.50%
6,343,101
SC 13G

Recent SEC filings of Rocket Cos Inc

View All Filings
Date Filed Form Type Document
Nov 30, 2023
8-K
Current Report
Nov 27, 2023
8-K
Current Report
Nov 09, 2023
10-Q
Quarterly Report
Nov 02, 2023
8-K
Current Report
Nov 01, 2023
4
Insider Trading
Oct 18, 2023
4
Insider Trading
Sep 12, 2023
8-K
Current Report
Sep 08, 2023
4
Insider Trading
Sep 08, 2023
3
Insider Trading

Peers (Alternatives to Rocket Cos Inc)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
GS
114.6B
69.0B
 8.09% -1.32%
14.63
1.66
 111.13% -43.52%
CME
75.9B
6.0B
 -0.46% 23.32%
25.49
12.73
 48.81% 1.84%
ICE
64.8B
9.6B
 3.82% 8.52%
26.79
6.74
 0.28% -5.02%
COIN
34.4B
2.8B
 66.02% 242.51%
-46.77
12.36
 -45.02% 40.09%
FDS
16.9B
2.1B
 -0.41% -1.64%
36.05
8.09
 13.10% 17.95%
MID-CAP
IBKR
8.6B
5.8B
 3.54% 8.99%
3.56
1.49
 163.87% 90.31%
JEF
7.8B
7.3B
 7.55% 3.02%
23.32
1.07
 0.06% -65.84%
HLI
7.3B
1.8B
 10.77% 21.04%
28.93
4.07
 -21.34% -32.20%
EVR
5.9B
2.5B
 11.89% 41.92%
18.89
2.38
 -18.73% -50.44%
FRHC
4.8B
1.2B
 -2.88% 29.85%
15.88
4.01
 91.59% 442.92%
SMALL-CAP
DFIN
1.8B
788.4M
 11.73% 63.14%
21.26
2.22
 -12.27% -29.61%
CLSK
1.4B
142.1M
 163.78% 390.05%
-13.1
9.59
 12.51% -410.05%
AMRK
689.6M
9.9B
 20.32% -16.00%
5.3
0.07
 22.69% -14.30%
AAMC
19.1M
-
 82.68% -41.87%
-0.78
3.37
 -2.71% -20.71%
COHN
12.7M
61.0M
 -6.67% -13.41%
-2.02
0.21
 -12.76% 89.50%

Rocket Cos Inc News

Latest updates
MarketWatch • 13 Nov 2023 • 08:00 am • 25 days ago
Rocket Cos. Inc. stock underperforms Monday when compared to competitors
MarketWatch • 26 Oct 2023 • 07:00 am • 43 days ago
Rocket Cos. Inc. stock underperforms Thursday when compared to competitors despite daily gains
MarketWatch • 19 Oct 2023 • 07:00 am • 50 days ago
Rocket Cos. Inc. stock outperforms competitors despite losses on the day
Detroit News • 04 Nov 2022 • 07:00 am • 13 months ago
United Wholesale Mortgage surpasses Rocket Mortgage in ...
The Globe and Mail • 10 Jun 2021 • 07:00 am • 2 years ago
Latest Power Corp. fintech protégé Nesto raises $76-million in ...
Reuters • 06 Aug 2020 • 07:00 am • 3 years ago
Quicken Loans parent's shares jump on debut after IPO size slashed

Financials for Rocket Cos Inc

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-2.7%1,2031,2366664811,2951,3922,6712,5933,1152,6684,5394,6994,6165,0361,3661,9281,620937632-
Costs and Expenses-1.1%1,0861,0981,0829861,1881,3141,6081,7371,6891,6071,6961,7671,5591,5501,2661,1231,121992--
  S&GA Expenses-0.5%199200195196204230276316313263291289281289194194159165--
EBITDA Margin100.0%-0.00*0.00*0.01*0.01*0.01*0.02*0.02*0.02*0.03*0.03*0.03*0.03*0.02*0.01*0.01*0.00*0.00*-0.01*0.01*
Interest Expenses-100.0%-37.0038.0049.0050.0036.0049.0062.0057.0022.0027.0015.0011.0024.0035.0034.0029.0029.00--
Income Taxes442.7%3.00-0.78-4.50-12.7610.0019.0026.00-9.9733.0024.0066.0048.0062.0021.001.003.005.00-0.28--
Earnings Before Taxes-15.0%118138-415-50510679.001,0628551,4261,0612,8432,8893,0573,486100757500-52.88-299-
EBT Margin100.0%--0.01*-0.01*0.01*0.01*0.01*0.01*0.02*0.02*0.03*0.03*0.03*0.03*0.02*0.01*0.01*0.00*-0.01*-0.01*0.01*
Net Income-16.6%6.007.00-411-5097.003.001,037-1,76675.001,0372,77714058.003,46499.00-----
Net Income Margin100.0%-0.00*0.00*0.00*0.01*0.00*0.01*0.00*0.01*0.01*0.02*0.01*0.01*0.02*0.00*-----
Free Cashflow100.0%--302-1,3491,2132,995-2,2238,7464,387749-3,7466,2371,951-1,775-2,321363-1,088-3,060-1,439342342
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Assets-1.0%20,64920,85621,20220,08222,60125,07725,24832,77535,80935,61934,73237,53537,75328,85624,49020,123
    Cash Equivalents12.4%9928838937228269152,3112,2122,2341,9752,8651,9713,4851,7742,2961,456
  Net PPE-2.6%256263267274274271260254254243232211208192-176
Liabilities-2.8%12,14212,49113,09311,60713,68916,30516,54723,01526,62327,43426,42629,65231,39223,32019,96416,607
Shareholder's Equity1.7%8,5068,3658,1098,4768,9118,7728,7019,7609,1868,1868,3067,8826,3615,5533,6643,516
  Retained Earnings2.2%29528928130031630930637833726118520758.00---
  Additional Paid-In Capital4.9%317302295276242226241288368364370283273---
Accumulated Depreciation4.1%521500487463616600582567550531512498473459-429
Shares Outstanding-100.0%-127125-119119123-138136116-106---
Minority Interest1.5%7,8957,7747,5347,8998,3538,2388,1549,0948,4817,5607,7507,3926,0303.00-5.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations214.7%328,379,000-286,245,000-1,325,693,0001,218,611,0003,019,550,000-2,186,966,0008,772,300,0004,406,749,000779,488,000-3,715,823,0006,273,514,0001,984,250,000-1,750,550,000-2,292,662,000381,592,000-1,076,854,000-3,041,172,000---
  Share Based Compensation-17.0%42,092,00050,696,00051,960,00047,621,00056,346,00056,441,00055,593,00039,839,00040,871,00040,930,00042,072,00042,622,00033,253,00031,254,00029,058,00014,280,0008,458,000---
Cashflow From Investing-83.3%97,221,000583,111,00058,629,000196,573,000-26,353,000189,792,000218,730,000-1,172,007,000512,109,00033,937,000-38,891,000206,151,000110,169,000-9,759,000210,642,000125,535,000-24,892,000---
Cashflow From Financing-4.5%-351,628,000-336,611,0001,435,648,000-1,517,861,000-3,084,647,000594,250,000-8,815,528,000-3,402,869,000-963,408,0002,793,290,000-5,348,480,000-3,708,301,0003,358,565,0001,792,631,000314,765,0001,522,678,0003,254,675,000---
  Buy Backs----11,700,00020,558,00045,280,000100,162,000187,699,00035,572,0008,313,000--2,023,425,000-------

RKT Income Statement

2023-09-30
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Gain on sale of loans    
Gain on sale of loans excluding fair value of MSRs, net$ 241,496$ 139,733$ 786,128$ 1,174,268
Fair value of originated MSRs330,627426,278850,0271,682,366
Gain on sale of loans, net572,123566,0111,636,1552,856,634
Loan servicing income    
Servicing fee income344,061364,2111,054,0371,088,004
Change in fair value of MSRs12,765150,304(343,137)592,162
Loan servicing income, net356,826514,515710,9001,680,166
Interest income    
Interest income93,86895,753241,369265,490
Interest expense on funding facilities(55,924)(46,173)(129,056)(130,576)
Interest income, net37,94449,580112,313134,914
Other income236,275164,580646,095685,987
Total revenue, net1,203,1681,294,6863,105,4635,357,701
Expenses    
Salaries, commissions and team member benefits589,584670,8041,772,4982,278,844
General and administrative expenses199,399204,290595,214709,853
Marketing and advertising expenses193,406210,701593,853770,281
Depreciation and amortization27,63624,21183,67870,033
Interest and amortization expense on non-funding debt38,35438,317115,021115,263
Other expenses37,16440,008105,191166,098
Total expenses1,085,5431,188,3313,265,4554,110,372
Income (loss) before income taxes117,625106,355(159,992)1,247,329
(Provision for) benefit from income taxes(2,680)(10,131)2,606(54,741)
Net income (loss)114,94596,224(157,386)1,192,588
Net (income) loss attributable to non-controlling interest(108,739)(89,314)152,507(1,128,551)
Net income (loss) attributable to Rocket Companies$ 6,206$ 6,910$ (4,879)$ 64,037
Earnings (loss) per share of Class A common stock    
Basic (in dollars per share)$ 0.05$ 0.06$ (0.04)$ 0.53
Diluted (in dollars per share)$ 0.04$ 0.04$ (0.06)$ 0.47
Weighted average shares outstanding    
Basic (in shares)129,390,501119,020,520126,971,718120,156,494
Diluted (in shares)1,983,992,3501,970,665,7671,979,203,9821,972,263,268
Comprehensive income (loss)    
Net income (loss)$ 114,945$ 96,224$ (157,386)$ 1,192,588
Cumulative translation adjustment164(990)12(1,081)
Unrealized gain on investment securities02,2700516
Comprehensive income (loss)115,10997,504(157,374)1,192,023
Comprehensive (income) loss attributable to non-controlling interest(108,893)(90,513)152,496(1,128,016)
Comprehensive income (loss) attributable to Rocket Companies$ 6,216$ 6,991$ (4,878)$ 64,007

RKT Balance Sheet

2023-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 957,254$ 722,293
Restricted cash34,66866,806
Mortgage loans held for sale, at fair value8,012,5527,343,475
Mortgage servicing rights (“MSRs”), at fair value6,678,1656,946,940
Notes receivable and due from affiliates10,75910,796
Property and equipment, net of accumulated depreciation and amortization of $521,167 and $463,262, respectively256,411274,192
Deferred tax asset, net531,509537,963
Lease right of use assets355,412366,189
Loans subject to repurchase right from Ginnie Mae1,381,1271,642,392
Goodwill and intangible assets, net1,242,2181,258,928
Other assets927,535799,159
Total assets20,648,73920,082,212
Liabilities  
Funding facilities4,670,4033,548,699
Other financing facilities and debt  
Senior Notes, net4,032,0784,027,970
Early buy out facility256,749672,882
Accounts payable199,917116,331
Lease liabilities408,009422,769
Forward commitments, at fair value16,28725,117
Investor reserves95,567110,147
Tax receivable agreement liability577,996613,693
Loans subject to repurchase right from Ginnie Mae1,381,1271,642,392
Total liabilities12,142,36611,606,663
Equity  
Additional paid-in capital317,004276,221
Retained earnings294,770300,394
Accumulated other comprehensive income6869
Non-controlling interest7,894,5117,898,845
Total equity8,506,3738,475,549
Total liabilities and equity20,648,73920,082,212
Related Party  
Other financing facilities and debt  
Other liabilities30,74933,463
Nonrelated Party  
Other financing facilities and debt  
Other liabilities473,484393,200
Class A Common Stock  
Equity  
Common stock11
Class B Common Stock  
Equity  
Common stock00
Class C common stock  
Equity  
Common stock00
Class D Common Stock  
Equity  
Common stock1919
IRLCs  
Assets  
Derivatives, at fair value92,56890,635
Forward commitments  
Assets  
Derivatives, at fair value$ 168,561$ 22,444

About Rocket Cos Inc

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 buying and selling experience; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a digital, social, and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, a tech-driven, residential solar energy provider; 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; Rocket Central, a professional services organization that provides technology, data, marketing, communication and other services; Rock Connections, a sales and support platform specializing in contact center services; Rocket Innovation Studio that recruits and mentors top technology talent; and Edison Financial, a digital mortgage broker. 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. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.
 WEBSITEwww.rocketcompanies.com
 EMPLOYEES18500

Rocket Cos Inc Frequently Asked Questions

What is the ticker symbol for Rocket Cos Inc? What does RKT stand for in stocks?

RKT is the stock ticker symbol of Rocket Cos Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Rocket Cos Inc (RKT)?

As of Fri Dec 08 2023, market cap of Rocket Cos Inc is 1.33 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RKT stock?

You can check RKT's fair value in chart. The fair value of Rocket Cos Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Rocket Cos Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RKT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Rocket Cos Inc a good stock to buy?

The fair value guage provides a quick view whether RKT is over valued or under valued. Whether Rocket Cos Inc is cheap or expensive depends on the assumptions which impact Rocket Cos Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RKT.

What is Rocket Cos Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Dec 08 2023, RKT's PE ratio (Price to Earnings) is -1.47 and Price to Sales (PS) ratio is 0.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RKT PE ratio will change depending on the future growth rate expectations of investors.