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RKT

RKT - Rocket Cos Inc Stock Price, Fair Value and News

14.30USD-0.29 (-1.99%)Market Closed

Market Summary

RKT
USD14.30-0.29
Market Closed
-1.99%

RKT Alerts

  • Big jump in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)

RKT Stock Price

View Fullscreen

RKT RSI Chart

RKT Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

23.02

Price/Sales (Trailing)

0.43

EV/EBITDA

2.03

Price/Free Cashflow

-1.2

RKT Price/Sales (Trailing)

RKT Profitability

EBT Margin

6.90%

Return on Equity

0.99%

Return on Assets

0.38%

Free Cashflow Yield

-83.07%

RKT Fundamentals

RKT Revenue

Revenue (TTM)

4.5B

Rev. Growth (Yr)

107.74%

Rev. Growth (Qtr)

99.44%

RKT Earnings

Earnings (TTM)

85.1M

Earnings Growth (Yr)

187.54%

Earnings Growth (Qtr)

121.2%

Breaking Down RKT Revenue

Last 7 days

-1.8%

Last 30 days

1.2%

Last 90 days

5.9%

Trailing 12 Months

55.5%

How does RKT drawdown profile look like?

RKT Financial Health

RKT Investor Care

Shares Dilution (1Y)

9.83%

Diluted EPS (TTM)

0.12

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20244.5B000
20233.8B3.7B3.6B3.8B
202211.0B9.8B8.0B5.8B
202118.9B16.5B15.0B12.9B
20205.9B10.0B12.9B15.7B
20194.4B4.7B4.9B5.1B
20180004.2B

Tracking the Latest Insider Buys and Sells of Rocket Cos Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 18, 2024
rizik matthew
bought
4,362
14.54
300
-
Jun 17, 2024
rizik matthew
bought
4,356
14.62
298
-
Jun 14, 2024
rizik matthew
bought
4,356
14.67
297
-
Jun 13, 2024
rizik matthew
bought
4,307
14.65
294
-
Jun 11, 2024
rizik matthew
bought
4,370
14.33
305
-
Jun 10, 2024
rizik matthew
bought
3,768
14.22
265
-
Jun 07, 2024
rizik matthew
bought
4,256
14.14
301
-
Jun 06, 2024
rizik matthew
bought
4,373
14.53
301
-
Jun 05, 2024
rizik matthew
bought
4,376
14.35
305
-
Jun 04, 2024
rizik matthew
bought
394
14.08
28.00
-

1–10 of 50

Which funds bought or sold RKT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
new
-
135
135
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
reduced
-19.97
-53,000
187,000
-%
May 28, 2024
Boston Partners
added
4.24
6,184,470
136,462,000
0.16%
May 24, 2024
Cetera Investment Advisers
added
134
216,733
375,984
-%
May 20, 2024
Highlander Capital Management, LLC
unchanged
-
147
30,555
0.01%
May 17, 2024
Kozak & Associates, Inc.
unchanged
-
382
2,776
-%
May 17, 2024
VIMA LLC
sold off
-100
-30,756
-
-%
May 16, 2024
COMERICA BANK
reduced
-40.11
-3,148
4,758
-%
May 16, 2024
Garner Asset Management Corp
unchanged
-
34,144
155,000
0.08%
May 16, 2024
Semmax Financial Advisors Inc.
unchanged
-
232
1,053
-%

1–10 of 41

Are Funds Buying or Selling RKT?

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

Unveiling Rocket Cos Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
caledonia (private) investments pty ltd
3.29%
4,384,150
SC 13G/A
Feb 13, 2024
boston partners
6.71%
8,955,963
SC 13G
Feb 13, 2024
vanguard group inc
8.77%
11,702,838
SC 13G/A
Feb 09, 2024
fmr llc
-
0
SC 13G
Feb 01, 2024
invesco ltd.
0.2%
225,946
SC 13G/A
Jan 12, 2024
jpmorgan chase & co
5.2%
7,026,220
SC 13G
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

Recent SEC filings of Rocket Cos Inc

View All Filings
Date Filed Form Type Document
Jun 18, 2024
4
Insider Trading
Jun 14, 2024
4
Insider Trading
Jun 11, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 05, 2024
4
Insider Trading
Jun 03, 2024
8-K
Current Report
May 31, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 24, 2024
4
Insider Trading
May 22, 2024
4
Insider Trading

Peers (Alternatives to Rocket Cos Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
147.5B
73.1B
-2.22% 35.19%
15.67
2.02
79.47% -10.82%
78.2B
10.2B
-1.47% 22.11%
31.54
7.65
6.04% 71.75%
70.6B
5.7B
-7.79% 6.75%
22.08
12.46
-1.46% 11.66%
57.3B
4.0B
13.66% 324.45%
42.43
14.42
41.89% 159.36%
15.5B
2.2B
-9.33% -3.31%
31.72
7.21
7.26% 9.28%
12.8B
6.6B
-3.30% 49.15%
4.41
1.93
79.49% 33.59%
MID-CAP
4.7T
1.6B
7.32% -2.34%
12.6K
2.9K
105.49% 83.06%
9.9B
8.2B
-1.71% 41.11%
34.06
1.2
17.04% -68.59%
8.6B
1.9B
-0.29% 41.51%
30.69
4.49
5.80% 10.26%
7.9B
2.5B
0.54% 66.99%
30.5
3.21
-6.73% -35.85%
4.4B
283.6M
21.52% 402.06%
69.85
15.65
122.34% 153.34%
SMALL-CAP
1.7B
802.0M
-9.80% 28.18%
17.1
2.13
-2.34% 8.49%
764.9M
10.3B
-13.83% -7.14%
9.6
0.07
24.66% -47.57%
17.4M
97.6M
-14.79% 97.80%
6.96
0.18
81.12% 1411.48%
5.2M
3.2M
-26.55% -96.69%
-0.16
1.63
-44.67% -114.57%

Rocket Cos Inc News

Latest updates
Defense World14 Jun 202401:54 pm

Rocket Cos Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue99.4%1,3846941,2031,2366664811,2951,3922,6712,5933,1152,6684,5394,6994,6165,0361,3661,9281,620937632
Costs and Expenses15.9%1,0859371,0861,0981,0829861,1881,3141,6081,7371,6891,6071,6961,7671,5591,5501,2661,1231,121992-
  S&GA Expenses14.0%237208199200195196204230276316313263291289281289194194159165-
EBITDA Margin360.7%0.12*-0.05*-0.11*-0.11*-0.12*0.17*0.30*0.38*0.42*0.50*0.56*0.61*0.66*0.62*0.58*0.51*0.26*0.21*0.16*0.17*0.18*
Interest Expenses224.3%38.0012.0038.0037.0032.0049.0050.0036.0049.0062.0057.0022.0027.0015.0011.0024.0035.0034.0029.0029.00-
Income Taxes175.0%8.00-10.213.00-0.78-4.50-12.7610.0019.0026.00-9.9733.0024.0066.0048.0062.0021.001.003.005.00-0.28-
Earnings Before Taxes222.8%298-242118138-415-50510679.001,0628551,4261,0612,8432,8893,0573,486100757500-52.88-299
EBT Margin165.0%0.07*-0.11*-0.19*-0.18*-0.19*0.13*0.26*0.35*0.40*0.48*0.55*0.60*0.65*0.61*0.57*0.49*0.22*0.18*0.13*0.13*0.14*
Net Income121.2%16.00-76.496.00139-18.52-5377.0060.001,037-1,76675.001,0372,77714058.003,46499.00----
Net Income Margin42.1%0.02*0.01*-0.22*-0.22*-0.23*0.10*-0.08*-0.06*0.03*0.16*0.27*0.24*0.34*0.24*0.28*0.36*0.02*----
Free Cashflow-317.1%-3,0261,394308-302-1,3491,2132,995-2,2238,7464,387749-3,7466,2371,951-1,775-2,321363-1,088-3,060--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22019Q4
Assets15.5%22,21919,23220,64920,85621,20220,08222,60125,07725,24832,77535,80935,61934,73237,53537,75328,85620,123
    Cash Equivalents-22.3%8611,1089578838937898269152,3112,1312,2341,9752,8652,0543,4851,7741,456
  Net PPE-2.9%243251256263267274274271260254254243232211208192176
Liabilities24.5%13,61010,93012,14212,49113,09311,60713,68916,30516,54723,01526,62327,43426,42629,65231,39223,32016,607
Shareholder's Equity3.7%8,6098,3028,5068,3658,1098,4768,9118,7728,7019,7609,1868,1868,3067,8826,3615,5533,516
  Retained Earnings5.7%30028429528928130031630930637833726118520758.00--
  Additional Paid-In Capital3.0%351341317302295276242226241288368364370283273--
Accumulated Depreciation3.8%557536521500487463616600582567550531512498473459429
Shares Outstanding6.5%137129129126125121120121123131138126116112106--
Minority Interest3.7%7,9587,6777,8957,7747,5347,8998,3538,2388,1549,0948,4817,5607,7507,3926,0303.005.00
Float----1,138---853---2,624-----
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22018Q4
Cashflow From Operations-316.1%-3,0121,394328-280-1,3311,2193,020-2,1868,7724,407779-3,7156,2741,984-1,750-2,292382-1,076-3,041--
  Share Based Compensation-12.4%31.0035.0042.0051.0052.0048.0056.0056.0056.0040.0041.0041.0042.0043.0033.0031.0029.0014.008.00--
Cashflow From Investing-71.0%35.0012297.0057764.00197-26.35190219-1,17251234.00-38.89206110-9.76211126-24.89--
Cashflow From Financing299.4%2,734-1,370-351-3361,436-1,517-3,084594-8,815-3,402-9632,793-5,348-3,7083,3591,7933151,5233,255--
  Buy Backs------12.0021.0045.0010018836.008.00--2,023------
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RKT Income Statement

2024-03-31
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Gain on sale of loans  
Gain on sale of loans excluding fair value of MSRs, net$ 476,429$ 265,003
Fair value of originated MSRs222,797204,560
Gain on sale of loans, net699,226469,563
Loan servicing income (loss)  
Servicing fee income345,746366,385
Change in fair value of MSRs56,508(398,279)
Loan servicing income (loss), net402,254(31,894)
Interest income  
Interest income88,98066,744
Interest expense on funding facilities(51,443)(35,112)
Interest income, net37,53731,632
Other income244,699196,767
Total revenue, net1,383,716666,068
Expenses  
Salaries, commissions and team member benefits541,096603,775
General and administrative expenses236,665195,390
Marketing and advertising expenses206,296181,604
Depreciation and amortization27,01730,685
Interest and amortization expense on non-funding debt38,36538,333
Other expenses35,90732,268
Total expenses1,085,3461,082,055
Income (loss) before income taxes298,370(415,987)
(Provision for) benefit from income taxes(7,656)4,504
Net income (loss)290,714(411,483)
Net (income) loss attributable to non-controlling interest(274,499)392,960
Net income (loss) attributable to Rocket Companies$ 16,215$ (18,523)
Earnings (loss) per share of Class A common stock  
Basic (in dollars per share)$ 0.12$ (0.15)
Diluted (in dollars per share)$ 0.11$ (0.16)
Weighted average shares outstanding  
Basic (in shares)136,991,743124,732,722
Diluted (in shares)1,991,982,6801,974,629,808
Comprehensive income (loss)  
Net income (loss)$ 290,714$ (411,483)
Cumulative translation adjustment3147
Unrealized loss on investment securities0(1,589)
Comprehensive income (loss)291,028(413,065)
Comprehensive (income) loss attributable to non-controlling interest(274,792)394,441
Comprehensive income (loss) attributable to Rocket Companies$ 16,236$ (18,624)

RKT Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets  
Cash and cash equivalents$ 861,410$ 1,108,466
Restricted cash31,97528,366
Mortgage loans held for sale, at fair value9,416,2296,542,232
Mortgage servicing rights (“MSRs”), at fair value6,691,3416,439,787
Notes receivable and due from affiliates18,57419,530
Property and equipment, net of accumulated depreciation and amortization of $556,734 and $536,196, respectively243,476250,856
Deferred tax asset, net543,896550,149
Lease right of use assets313,408347,696
Loans subject to repurchase right from Ginnie Mae1,601,6481,533,387
Goodwill and intangible assets, net1,245,9071,236,765
Other assets1,047,9421,015,022
Total assets22,219,17519,231,740
Liabilities  
Funding facilities6,145,4523,367,383
Other financing facilities and debt  
Senior Notes, net4,034,8184,033,448
Early buy out facility171,748203,208
Accounts payable189,038171,350
Lease liabilities357,524393,882
Forward commitments, at fair value22,785142,988
Investor reserves95,04192,389
Tax receivable agreement liability584,695584,695
Loans subject to repurchase right from Ginnie Mae1,601,6481,533,387
Total liabilities13,609,72410,930,030
Equity  
Additional paid-in capital350,811340,532
Retained earnings300,494284,296
Accumulated other comprehensive income7252
Non-controlling interest7,958,0547,676,810
Total equity8,609,4518,301,710
Total liabilities and equity22,219,17519,231,740
Related Party  
Other financing facilities and debt  
Other liabilities31,32531,006
Nonrelated Party  
Other financing facilities and debt  
Other liabilities375,650376,294
Class A Common Stock  
Equity  
Common stock11
Class B Common Stock  
Equity  
Common stock00
Class C common stock  
Equity  
Common stock00
Class D Common Stock  
Equity  
Common stock1919
IRLCs  
Assets  
Derivatives, at fair value202,873132,870
Forward commitments  
Assets  
Derivatives, at fair value$ 496$ 26,614
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.
 WEBSITErocketcompanies.com
 INDUSTRYMortgage Finance
 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 Tue Jun 18 2024, market cap of Rocket Cos Inc is 1.96 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 for subscribers.

What is the fair value of RKT stock?

You can check RKT's fair value in chart for subscribers. 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 Tue Jun 18 2024, RKT's PE ratio (Price to Earnings) is 23.01 and Price to Sales (PS) ratio is 0.43. 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.