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

14.12USD+0.24 (+1.73%)Market Closed

Market Summary

USD14.12+0.24

Market Closed

1.73%

RKT Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

RKT Stock Price

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RKT RSI Chart

RKT Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

6.87

Price/Sales (Trailing)

0.43

EV/EBITDA

1.93

Price/Free Cashflow

-1.19

RKT Price/Sales (Trailing)

RKT Profitability

EBT Margin

6.90%

Return on Equity

3.27%

Return on Assets

1.27%

Free Cashflow Yield

-84.12%

RKT Fundamentals

RKT Revenue

Revenue (TTM)

4.5B

Rev. Growth (Yr)

107.74%

Rev. Growth (Qtr)

99.44%

RKT Earnings

Earnings (TTM)

281.6M

Earnings Growth (Yr)

103.94%

Earnings Growth (Qtr)

-86.49%

Breaking Down RKT Revenue

Last 7 days

3.3%

Last 30 days

24.1%

Last 90 days

24.2%

Trailing 12 Months

71.4%

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

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Net sales

Year	Q1	Q2	Q3	Q4
2024	4.5B	0	0	0
2023	3.8B	3.7B	3.6B	3.8B
2022	11.0B	9.8B	8.0B	5.8B
2021	18.9B	16.5B	15.0B	12.9B
2020	5.9B	10.0B	12.9B	15.7B
2019	4.4B	4.7B	4.9B	5.1B
2018	0	0	0	4.2B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Rocket Cos Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 10, 2024	rizik matthew	bought	4,254	13.68	311	-
May 09, 2024	rizik matthew	bought	415	13.86	30.00	-
May 08, 2024	rizik matthew	bought	4,281	13.68	313	-
May 02, 2024	rizik matthew	bought	1,196	12.33	97.00	-
May 01, 2024	rizik matthew	bought	3,916	12.2	321	-
Apr 30, 2024	rizik matthew	bought	4,334	12.28	353	-
Apr 29, 2024	rizik matthew	bought	4,384	12.35	355	-

Which funds bought or sold RKT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 17, 2024	VIMA LLC	sold off	-100	-30,756	-	-%
May 17, 2024	Kozak & Associates, Inc.	unchanged	-	382	2,776	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-49.48	-1,657,640	1,709,390	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	21.00	4,508	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-1.58	-19,601	1,752,660	-%
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	-%
May 16, 2024	Beacon Capital Management, LLC	unchanged	-	31,850	72,750	0.01%
May 16, 2024	Wiser Advisor Group LLC	unchanged	-	53.00	10,913	0.02%
May 16, 2024	COMERICA BANK	reduced	-40.11	-3,148	4,758	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
May 17, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 07, 2024	10-Q	Quarterly Report
May 03, 2024	4	Insider Trading
May 02, 2024	8-K	Current Report
May 01, 2024	4	Insider Trading
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Rocket Cos Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	150.8B	67.8B	15.79%	41.90%	16.02	2.22	66.36%	-10.82%
ICE	79.4B	9.7B	5.89%	27.54%	32.01	8.17	0.75%	71.75%
CME	76.6B	5.7B	2.20%	17.16%	23.73	13.51	-1.46%	19.89%
COIN	50.4B	4.0B	-2.83%	244.72%	37.34	12.69	41.89%	159.36%
FDS	17.1B	2.2B	4.56%	14.05%	34.97	7.94	7.26%	9.28%
IBKR	13.3B	6.1B	13.36%	63.50%	4.56	2.18	64.44%	33.59%
MID-CAP
JEF	10.0B	8.2B	14.98%	55.53%	34.69	1.22	17.04%	-68.59%
HLI	8.6B	1.8B	9.27%	51.05%	33.31	4.69	0.16%	-0.33%
EVR	7.8B	2.5B	9.73%	87.02%	30.35	3.19	-6.73%	-35.85%
FRHC	4.4B	1.4B	13.91%	-9.89%	13.26	3.18	96.15%	398.80%
CLSK	3.7B	283.6M	7.37%	280.52%	57.48	12.88	122.34%	153.34%
SMALL-CAP
DFIN	1.9B	802.0M	5.79%	40.55%	18.97	2.36	-2.34%	8.49%
AMRK	887.6M	10.3B	5.41%	4.50%	11.14	0.09	24.66%	-47.53%
COHN	21.0M	92.7M	71.65%	67.62%	3.38	0.23	72.05%	185.64%
AAMC	7.0M	3.2M	-14.60%	-97.24%	-0.22	2.22	-44.67%	-114.57%

Rocket Cos Inc News

Latest updates

Rocket Cos Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	99.4%	1,384	694	1,203	1,236	666	481	1,295	1,392	2,671	2,593	3,115	2,668	4,539	4,699	4,616	5,036	1,366	1,928	1,620	937	632
Costs and Expenses	15.9%	1,085	937	1,086	1,098	1,082	986	1,188	1,314	1,608	1,737	1,689	1,607	1,696	1,767	1,559	1,550	1,266	1,123	1,121	992	-
S&GA Expenses	-100.0%	-	208	199	200	195	196	204	230	276	316	313	263	291	289	281	289	194	194	159	165	-
EBITDA Margin	363.8%	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 Expenses	339.2%	38.00	9.00	38.00	37.00	38.00	49.00	50.00	36.00	49.00	62.00	57.00	22.00	27.00	15.00	11.00	24.00	35.00	34.00	29.00	29.00	-
Income Taxes	175.0%	8.00	-10.21	3.00	-0.78	-4.50	-12.76	10.00	19.00	26.00	-9.97	33.00	24.00	66.00	48.00	62.00	21.00	1.00	3.00	5.00	-0.28	-
Earnings Before Taxes	222.8%	298	-242	118	138	-415	-505	106	79.00	1,062	855	1,426	1,061	2,843	2,889	3,057	3,486	100	757	500	-52.88	-299
EBT Margin	165.0%	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 Income	-86.5%	16.00	120	6.00	139	-411	-537	7.00	60.00	1,037	-1,766	75.00	1,037	2,777	140	58.00	3,464	99.00	-	-	-	-
Net Income Margin	262.1%	0.06*	-0.04*	-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%	-3,026	1,394	308	-302	-1,349	1,213	2,995	-2,223	8,746	4,387	749	-3,746	6,237	1,951	-1,775	-2,321	363	-1,088	-3,060	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																	(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Assets	15.5%	22,219	19,232	20,649	20,856	21,202	20,082	22,601	25,077	25,248	32,775	35,809	35,619	34,732	37,535	37,753	28,856	20,123
Cash Equivalents	-19.4%	893	1,108	957	883	893	722	826	915	2,311	2,131	2,234	1,975	2,865	2,054	3,485	1,774	1,456
Net PPE	-2.9%	243	251	256	263	267	274	274	271	260	254	254	243	232	211	208	192	176
Liabilities	24.5%	13,610	10,930	12,142	12,491	13,093	11,607	13,689	16,305	16,547	23,015	26,623	27,434	26,426	29,652	31,392	23,320	16,607
Shareholder's Equity	3.7%	8,609	8,302	8,506	8,365	8,109	8,476	8,911	8,772	8,701	9,760	9,186	8,186	8,306	7,882	6,361	5,553	3,516
Retained Earnings	5.7%	300	284	295	289	281	300	316	309	306	378	337	261	185	207	58.00	-	-
Additional Paid-In Capital	3.0%	351	341	317	302	295	276	242	226	241	288	368	364	370	283	273	-	-
Accumulated Depreciation	3.8%	557	536	521	500	487	463	616	600	582	567	550	531	512	498	473	459	429
Shares Outstanding	6.5%	137	129	129	127	125	121	120	119	123	131	138	136	116	112	106	-	-
Minority Interest	3.7%	7,958	7,677	7,895	7,774	7,534	7,899	8,353	8,238	8,154	9,094	8,481	7,560	7,750	7,392	6,030	3.00	5.00
Float	-	-	-	-	1,138	-	-	-	853	-	-	-	2,624	-	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Cashflow From Operations	-316.1%	-3,012	1,394	328	-286	-1,325	1,219	3,020	-2,186	8,772	4,407	779	-3,715	6,274	1,984	-1,750	-2,292	382	-1,076	-3,041	-	-
Share Based Compensation	-12.4%	31.00	35.00	42.00	51.00	52.00	48.00	56.00	56.00	56.00	40.00	41.00	41.00	42.00	43.00	33.00	31.00	29.00	14.00	8.00	-	-
Cashflow From Investing	-71.0%	35.00	122	97.00	583	59.00	197	-26.35	190	219	-1,172	512	34.00	-38.89	206	110	-9.76	211	126	-24.89	-	-
Cashflow From Financing	299.4%	2,734	-1,370	-351	-336	1,436	-1,517	-3,084	594	-8,815	-3,402	-963	2,793	-5,348	-3,708	3,359	1,793	315	1,523	3,255	-	-
Buy Backs	-	-	-	-	-	-	12.00	21.00	45.00	100	188	36.00	8.00	-	-	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 MSRs	222,797	204,560
Gain on sale of loans, net	699,226	469,563
Loan servicing income (loss)
Servicing fee income	345,746	366,385
Change in fair value of MSRs	56,508	(398,279)
Loan servicing income (loss), net	402,254	(31,894)
Interest income
Interest income	88,980	66,744
Interest expense on funding facilities	(51,443)	(35,112)
Interest income, net	37,537	31,632
Other income	244,699	196,767
Total revenue, net	1,383,716	666,068
Expenses
Salaries, commissions and team member benefits	541,096	603,775
General and administrative expenses	236,665	195,390
Marketing and advertising expenses	206,296	181,604
Depreciation and amortization	27,017	30,685
Interest and amortization expense on non-funding debt	38,365	38,333
Other expenses	35,907	32,268
Total expenses	1,085,346	1,082,055
Income (loss) before income taxes	298,370	(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)	136,991,743	124,732,722
Diluted (in shares)	1,991,982,680	1,974,629,808
Comprehensive income (loss)
Net income (loss)	$ 290,714	$ (411,483)
Cumulative translation adjustment	314	7
Unrealized loss on investment securities	0	(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 cash	31,975	28,366
Mortgage loans held for sale, at fair value	9,416,229	6,542,232
Mortgage servicing rights (“MSRs”), at fair value	6,691,341	6,439,787
Notes receivable and due from affiliates	18,574	19,530
Property and equipment, net of accumulated depreciation and amortization of $556,734 and $536,196, respectively	243,476	250,856
Deferred tax asset, net	543,896	550,149
Lease right of use assets	313,408	347,696
Loans subject to repurchase right from Ginnie Mae	1,601,648	1,533,387
Goodwill and intangible assets, net	1,245,907	1,236,765
Other assets	1,047,942	1,015,022
Total assets	22,219,175	19,231,740
Liabilities
Funding facilities	6,145,452	3,367,383
Other financing facilities and debt
Senior Notes, net	4,034,818	4,033,448
Early buy out facility	171,748	203,208
Accounts payable	189,038	171,350
Lease liabilities	357,524	393,882
Forward commitments, at fair value	22,785	142,988
Investor reserves	95,041	92,389
Tax receivable agreement liability	584,695	584,695
Loans subject to repurchase right from Ginnie Mae	1,601,648	1,533,387
Total liabilities	13,609,724	10,930,030
Equity
Additional paid-in capital	350,811	340,532
Retained earnings	300,494	284,296
Accumulated other comprehensive income	72	52
Non-controlling interest	7,958,054	7,676,810
Total equity	8,609,451	8,301,710
Total liabilities and equity	22,219,175	19,231,740
Related Party
Other financing facilities and debt
Other liabilities	31,325	31,006
Nonrelated Party
Other financing facilities and debt
Other liabilities	375,650	376,294
Class A Common Stock
Equity
Common stock	1	1
Class B Common Stock
Equity
Common stock	0	0
Class C common stock
Equity
Common stock	0	0
Class D Common Stock
Equity
Common stock	19	19
IRLCs
Assets
Derivatives, at fair value	202,873	132,870
Forward commitments
Assets
Derivatives, at fair value	$ 496	$ 26,614

About Rocket Cos Inc

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.

WEBSITE	rocketcompanies.com
INDUSTRY	Mortgage Finance
EMPLOYEES	18500

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 May 17 2024, market cap of Rocket Cos Inc is 1.93 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 Fri May 17 2024, RKT's PE ratio (Price to Earnings) is 6.87 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.