Rocket Companies에 대한 매도 수량은 투자자에게 Rocket Companies의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Rocket Companies (NYSE:RKT) 주식, 공매도 수량 보고

Rocket Companies

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.

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최근 시장 데이터에 따르면, 강력한 시장 성과로 주목받는 올해, 유명 펀드 매니저인 게리 블랙, 로스 거버 그리고 캐시 우드가 이끄는 펀드의 실적은  S&amp;P 500의 인상적인 연초 대비 수익률 25.97%와 비교해 엇갈린 결과를 보이고 있다.무슨 일이 일어났을까? 게리 블랙의 Future Fund Active ETF(NYSE:FFND)는 그중 가장 높은 성과를 기록하며 연초 대비 25.35%의 수익률을 올렸다. 623만 달러 규모의 FFND 펀드는 엔비디아(NASDAQ:NVDA)를 포트폴리오의 9.39%를 차지하는 가장 큰 비중으로 보유하고 있으며, 광범위한 시장의 상승률에 거의 일치하는 성과를 보였다.

로스 거버, 캐시 우드 아니면 게리 블랙? 누구의 펀드가 2024년 S&amp;P 500 수익률과 견줄만 할까?

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금융 서비스 기업 로켓 컴퍼니(NYSE:RKT)는 목요일 시장이 마감된 후 2분기 실적을 발표했다. 중요한 하이라이트는 다음과 같다.

금융 서비스 기업 로켓 컴퍼니: 2분기매출 및 EPS 예상 상회, 9월에 투자자의 날 예정

Rocket Companies, Inc. Class A Common Stock

Rocket Companies Inc

Reflectkote Inc

<a href="https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%93%20Today%2C%20the,Rocket%20Mortgage%2C%20LLC%20for%20loans" title="https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%93%20Today%2C%20the,Rocket%20Mortgage%2C%20LLC%20for%20loans">https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%93%20Today%2C%20the,Rocket%20Mortgage%2C%20LLC%20for%20loans</a>.

CFPB Sues Rocket Homes And The Mitchell Group Over Kickback Scheme Steering Homebuyers To Rocket Mortgage; Alleges Suppression Of Down Payment Assistance Information And Seeks Consumer Redress And Civil Penalties

Morgan Stanley analyst James Faucette maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Equal-Weight and lowers the price target from $16 to $13.

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on Rocket Companies, Lowers Price Target to $13

Keefe, Bruyette &amp; Woods analyst Bose George downgrades Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) from Market Perform to Underperform and lowers the price target from $16 to $11.5.

Downgrades

Keefe, Bruyette & Woods Downgrades Rocket Companies to Underperform, Lowers Price Target to $11.5

For much of this year, global fintech activity has remained strong, largely driven by increased consumer demand and small enterprises side-stepping high-street banking systems amid a high interest rate environment.&nbsp;
Despite the positive turnaround in operational activity, new investment deals continue to decline. In Q3, global fintech <a href="https://www.cbinsights.com/research/report/fintech-trends-q3-2024/">funding declined to $7.3 billion</a>, a 25% quarter-over-quarter decline.&nbsp;
However, new insights reveal that the U.S. currently leads in the global fintech market, representing 60%, or six of the top ten deals made during the third quarter. All top three positions were held by American fintech names, including a $1.0 billion funding deal for Sedgwick, an Ohio-based employee compensation managed care organization (MCO).&nbsp;
Across the board, the fintech funding landscape remains volatile, with investors retreating from big-dollar deals. Higher market uncertainty, geopolitical tension, and an overactive interest rate environment have seen many investors shifting gears, looking at established fintech firms to provide near-term buoyancy.&nbsp;
Investors remain hawkish about the financial and banking services sector. However, new digital developments, coupled with rising consumer demand, could present a more attractive opportunity for investors&#8217; long-term strategy. Though new deal activity remains muted, a handful of companies managed to outshine expectations following stronger third-quarter financial results.
<h2 class="wp-block-heading">Fidelity National Information Services</h2>
FIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is an operator of one of the largest financial technology service providers worldwide and serves banks, capital markets, and various financial institutions. Annually, FIS processes more than $10 trillion in global transactions with a strong focus on banking and market technology.&nbsp;
<a href="https://www.investor.fisglobal.com/news-releases/news-release-details/fis-reports-strong-third-quarter-2024-results-and-raises-full">Third-quarter financial results</a> showed impressive gains across the board, with FIS reporting $2.6 billion in revenue, up 3% on a GAAP basis and 4% on an adjusted basis. Stronger Adjusted Earnings Per Share (EPS) of $1.40 rose by 49% compared to the same period last year, allowing management to raise its adjusted full-year outlook and adjusted EPS full-year outlook.&nbsp;
Recent quarterly earnings represent the first full quarter since FIS completed the sale of a 55% stake in Worldplay to global private equity firm GTCR. The "Worldplay" sale was announced in January 2024, and by July, FIS completed the $11.7 billion sale, retaining a 45% non-controlling minority stake in Worldplay.&nbsp;
Based on third-quarter results, banking solutions remain FIS' biggest, and perhaps most lucrative business segment. In recent reporting, banking solutions revenue rose 3% on an adjusted basis, totaling $1.8 billion compared to the same quarter last year.&nbsp;
Improvement of adjusted EBITDA margin added to the company's cost-saving initiatives, allowing for better operating leverage. Strong business signings during the third quarter can help lift upcoming financial results and leave an opportunity for improved delivery during the first half of next year.&nbsp;
On the stock market, a robust share performance sees year-to-date delivery up more than 40%, and adding 2.25% since the start of the fourth quarter through November 28. With a <a href="https://www.zacks.com/stock/research/FIS/stock-style-scores">Value Score of B</a> and a Momentum Score of A, FIS delivers an impressive range of opportunities in a highly competitive market. 
<h2 class="wp-block-heading">Nu Holdings</h2>
Globally, Nu Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) services more than 109.7 million customers, adding over 5 million new customers during the third quarter of the year. The Brazil-based company operates a vast network of financial services, with a presence now in Mexico and Colombia, and is one of the largest credit operators in Brazil.&nbsp;
The third quarter represented one of the company's most outstanding performance periods, with <a href="https://api.mziq.com/mzfilemanager/v2/d/59a081d2-0d63-4bb5-b786-4c07ae26bc74/0597c6a3-fd57-859d-e889-879906cb094e?origin=1">year-over-year revenue up by 56%</a>, setting a new record at $2.6 billion. Total gross profit ended at $1.34 billion, marking an improvement of 76% year-over-year. Increased financial delivery comes on the back of stronger gross margins of 46%, up 3 percent from 43% in Q3 2023.
Customer acquisition played an important role during the third quarter. In Brazil, Nu Holdings added a robust 1.1 million customers each month through the three months ending September 30. The total customer base in Brazil now stands at 98.8 million, with expansion in international markets adding 1.2 million new customers during the quarter.&nbsp;
Better-than-expected customer performance in international markets was primarily driven by the delivery of new financial products. For instance, in January this year, Nu Holdings <a href="https://international.nubank.com.br/company/11724/">announced</a> the launch of Cuenta, a financial product aimed at Colombian-based clients.&nbsp;
Cuenta, a savings account that provides customers with unlimited transfers free of charge, forms part of the company's strategic roadmap to capture a larger market share in the country. By the start of this year, Nu Holding had held roughly a 5% share of the Colombian financial services market, serving over 800,000 credit card customers.&nbsp;
Share performance experienced major volatility during its initial public offering in December 2021. However, in more recent months, NU delivered impressive market gains, with share prices up approximately 66% since the turn of the year. Share prices peaked at $15.89 on November 11, before sliding back down.
The recent announcement of Warren Buffett's Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) lowering its stake in the company has caused share prices to fall. Berkshire has <a href="https://finance.yahoo.com/news/warren-buffett-sold-nu-stock-150000831.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAACC867f-OVfVgboxo2TwyL2s15t5gQrxcNXJU_9gh-RHaKoZvXdks-E_8WvF74dGK1zm0anrTALtsNyl0RY9vFX43togm_Pt3-ZjhFENAW90qdj10jg8HWZdu29RNyAwVPEqacZw79soZ60yeBrzpYeuLhxrxC3e4D-UFeHTGxF0">reduced its share</a> of Nu by 20% in recent months. The investment firm now owns a total of 86.4 million Nu shares, down from the 107.1 million shares owned since the company's IPO.&nbsp;
But this move shouldn't be an indication that Berkshire and other major players are dumping Nu for something more prestigious. There's still plenty of legroom for Nu Holdings, and with new regional market opportunities opening, Nu could soon dominate the financial services sector in Latin America.
<h2 class="wp-block-heading">Rocket Companies</h2>
Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) provides mortgage, real estate, and financial services to large commercial and private individual customers. The Detroit-based fintech company leverages key market data, innovative technology, and financial best practices to maintain a highly competitive advantage.&nbsp;&nbsp;
Loan and mortgage activity remained largely volatile throughout the third quarter. In September, the U.S. The Federal Reserve announced the reduction of interest rates, calling a jumbo-sized rate cut of 0.50%, and bringing rates down to a range of 4.75% to 5%. This was the first rate reduction since March 2020.&nbsp;
In November, the Federal Open Market Committee (FOMC) announced that the central bank would be cutting interest rates, again, bringing the benchmark policy rate down by a quarter of a percentage point to the 4.50%-4.75% range.&nbsp;
Moving forward, the central bank is looking to deliver a more <a href="https://www.bloomberg.com/news/articles/2024-11-26/fed-minutes-show-officials-prefer-future-rate-cuts-to-be-gradual">gradual rate-cut approach</a> heading into 2025. This activity has created plenty of volatility within the lending and mortgage space, and despite interest rates coming down, mortgages remain elevated on the back of sticky housing inflation and rising property prices.&nbsp;
However, Rocket Companies delivered strong <a href="https://ir.rocketcompanies.com/news-and-events/press-releases/press-release-details/2024/Rocket-Companies-Announces-Third-Quarter-2024-Results/default.aspx">third-quarter results</a>, including an adjusted revenue improvement of 32% year over year. Total revenue for the quarter ended at $648 million, with adjusted revenue ending at $1.32 billion. Delivery remains within the company&#8217;s high-end performance range expectations.&nbsp;
Elsewhere, the company reported adjusted EBITDA of $286 million, the highest on record in over two years. Additionally, there were modest improvements, with an adjusted net income of $166 million, or $0.08 adjusted diluted earnings per share during the third quarter.&nbsp;
The company's lending business arm, Rocket Mortgage, received a Fitch Ratings upgrade to BBB in November. This significant achievement marks the first time a non-bank mortgage provider achieved an investment-grade rating in more than two decades. Rocket Companies called this an achievement that underscores Rocket Mortgage's financial strength, stability, and disciplined capital management.&nbsp;
Share performance has largely remained unchanged this year, with RKT coming down over 30% since its peak in August. The forward-looking guidance shows that an improved housing market, coupled with increased consumer confidence could help bolster share performance in the first half of next year.&nbsp;
<h2 class="wp-block-heading">Closing Remarks</h2>
This has been another challenging year for the fintech market. Increased economic volatility, coupled with uncertainty in key regional capital markets have seen commercial investors pull back, and instead refocus their forward-looking strategies.&nbsp;
For institutional investors, fintech companies could present an upside leading into 2025, with major players in this industry seeking to expand operational activity and look at capturing a larger consumer base.&nbsp;
An improved interest rate environment, coupled with more positive economic growth could help bring fintech back into its former spotlight and help regain robust performance capabilities amid uncertain times.&nbsp;
Disclosure: No positions in any companies mentioned.

Fintech news covering the emerging Financial Technology services sector

Fintech

Three Fintech Winners That Rocked In Q3

JP Morgan analyst Richard Shane maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Underweight and lowers the price target from $19 to $14.

JP Morgan Maintains Underweight on Rocket Companies, Lowers Price Target to $14

Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) has filed suit against the United States Department of Housing and Urban Development (HUD) related to regulations involving <a href="https://www.benzinga.com/pressreleases/24/12/n42337864/rocket-mortgage-sues-united-states-department-of-housing-and-urban-development">independent licensed appraisers</a>.
What Happened: Rocket Companies&#8217; Rocket Mortgage is suing HUD in an effort to correct conflicts between the government&#8217;s regulations requiring appraiser independence and its enforcement actions seeking to hold lenders liable for the conduct of independent licensed appraisers.
Rocket Mortgage said it also filed a motion to dismiss the claim the U.S. Department of Justice brought against the company in October based on &#8220;the same regulatory conflicts and misapplication of applicable law.&#8221;
&#8220;It is unreasonable that the DOJ chose to sue Rocket Mortgage for the conduct of an independent appraiser. We will not stand idly by while the courts are used as venues to leverage our company&#8217;s name to publicize the case instead of pursuing justice against those who may have committed wrongdoing,&#8221; said&nbsp;Bill Emerson, president of Rocket Companies.
Benzinga reached out to the Department of Justice for comment on Rocket Companies' lawsuit, but a department spokesperson declined to comment.
The DOJ <a href="https://www.benzinga.com/news/24/10/41441074/doj-sues-rocket-mortgage-appraisal-companies-for-alleged-racial-discrimination-rocket-responds-massi">filed a lawsuit</a> against Rocket Mortgage, Solidifi US and Maverick Appraisal Group in October, alleging discrimination against a Black homeowner.
The homeowner applied for a mortgage refinancing loan from Rocket Mortgage in early 2021. Rocket Mortgage contracted Solidifi to appraise the home and Solidifi retained&nbsp;Maverick Appraisal Group for the appraisal. 
The DOJ claimed that Maverick &#8220;undervalued the property because of race and color.&#8221; The DOJ further alleged that Rocket Mortgage interfered with the homeowner's rights by canceling her mortgage refinance application after she reported the discrimination. The homeowner filed a complaint with HUD after Rocket Mortgage canceled her application. After conducting an investigation, HUD referred the matter to the DOJ.
Rocket Mortgage immediately responded to the claims in October, suggesting the government wasn&#8217;t following its own rules. The company said in a statement to Benzinga that it looked forward to &#8220;exposing the government&#8217;s massive overreach&#8221; related to the matter.
Check This Out: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42346164/november-jobs-report-preview-will-it-seal-the-deal-for-a-fed-interest-rate-cut">November Jobs Report Preview: Will It Seal The Deal For A Fed Interest Rate Cut?</a>
On Thursday, Rocket Mortgage called the DOJ&#8217;s complaint &#8220;baseless&#8221; and said the only explanation for the company&#8217;s inclusion in this case is the &#8220;DOJ&#8217;s apparent motive to bring headlines to their claim.&#8221;
&#8220;It is notable that, in a case about the&nbsp;alleged&nbsp;actions of an independent appraiser that was contracted through an unaffiliated third party, Rocket Mortgage is listed first in the DOJ&#8217;s filing and is the only company mentioned by name in the headline of the government&#8217;s press release announcing the DOJ&#8217;s lawsuit,&#8221; Emerson said.
&#8220;We have always been guided by the fundamental principle that all homebuyers and homeowners should be treated fairly and should have every opportunity to achieve their dream of owning their own home or using their equity to improve their lives. Our long, exemplary track record of fair housing lending speaks for itself.&#8221;
The DOJ claims in its lawsuit that Rocket Mortgage &#8220;had the authority to correct&#8221; the alleged discriminatory appraisal but failed to do so. Rocket Mortgage argues that this is &#8220;100% false&#8221; because the law does not give the company &#8220;authority to correct&#8221; the appraisal process.
Rocket Mortgage believes all&nbsp;claims against the company should be immediately dismissed. The company is asking the court to declare that the Fair Housing Act prohibits Rocket Mortgage from influencing or attempting to influence an independent judgement of an appraiser and affirm that Rocket Mortgage has no control or responsibility related to the actions of an independent appraiser.
The company is also asking the court to state that Rocket Mortgage is not liable for relying on an appraisal from an independent third party and issue an order vacating any policies that hold mortgage lenders responsible for failing to correct perceived or alleged bias or discrimination in an appraisal. 
RKT Price Action: <a href="http://benzinga.com/quote/rkt">Rocket Companies shares</a> were down 1.05% at $13.61 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Legal

Real Estate

Rocket Mortgage Files Suit Against US Department Of Housing And Urban Development: 'We Will Not Stand Idly By'

<ul>
<li>The company also filed a motion to dismiss the claim the Department of Justice brought against the company &nbsp;</li>
<li>DOJ's recent claim against Rocket Mortgage misplaced blame on the Company for work done by an independent appraiser hired by an independent appraisal management company</li>
</ul>
DETROIT, Dec. 5, 2024 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), filed suit in Federal District Court against the United States Department of Housing and Urban Development (HUD) to correct conflicts between the government's regulations requiring appraiser independence and its enforcement actions seeking to hold lenders liable for the conduct of independent licensed appraisers. Rocket Mortgage also filed a motion to dismiss the claim the DOJ brought against the company based on the same regulatory conflicts and misapplication of applicable law.

Rocket Mortgage Sues U.S. Department Of Housing And Urban Development To Correct Conflicts Between The Government's Regulations Requiring Appraiser Independence And Its Enforcement Actions Seeking To Hold Lenders Liable For The Conduct Of Independent Licensed Appraisers

Rocket Mortgage Sues Department Of Housing And Urban Development

B of A Securities analyst Mihir Bhatia upgrades Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) from Underperform to Neutral and maintains the price target from $15 to $15.

Upgrades

B of A Securities Upgrades Rocket Companies to Neutral, Maintains Price Target to $15

13 analysts have expressed a variety of opinions on Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">5</td>
<td align="right">3</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.46, a high estimate of $20.00, and a low estimate of $11.50. This upward trend is apparent, with the current average reflecting a 6.33% increase from the previous average price target of $14.54.
<img src="https://www.benzinga.com/files/images/story/2024/1731618081_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Rocket Companies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mihir Bhatia</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Lowers</td>
<td>Sell</td>
<td>$12.50</td>
<td>$14.00</td>
</tr>
<tr>
<td>Brad Capuzzi</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$16.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$13.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$18.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$14.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$19.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$14.00</td>
<td>$11.50</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$20.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$11.50</td>
<td>$10.50</td>
</tr>
<tr>
<td>Mihir Bhatia</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$14.00</td>
<td>$12.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Rocket Companies. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Rocket Companies compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Rocket Companies's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Rocket Companies's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RKT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Rocket Companies analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Rocket Companies</h2>
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
<h3>Financial Insights: Rocket Companies</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Rocket Companies displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 5.38%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Rocket Companies's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 0.1%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Rocket Companies's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.2%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Rocket Companies's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.01%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Rocket Companies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 9.1.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Rocket Companies Analyst Ratings

B of A Securities analyst Mihir Bhatia maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Underperform and raises the price target from $14 to $15.

B of A Securities Maintains Underperform on Rocket Companies, Raises Price Target to $15

UBS analyst Douglas Harter maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Sell and lowers the price target from $14 to $12.5.

UBS Maintains Sell on Rocket Companies, Lowers Price Target to $12.5

Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) reported worse-than-expected third-quarter revenue results,<a href="https://www.benzinga.com/news/earnings/24/11/41925261/rocket-shares-fall-after-q3-revenue-miss-details"> after the closing bell on Tuesday.</a>
Rocket Companies reported quarterly earnings of eight cents per share, which met the analyst consensus estimate. Quarterly revenue of $647 million missed the analyst consensus estimate of $1.28 billion and is a decrease from sales of $1 billion from the same period last year.
"We delivered strong third-quarter results, expanding purchase and refinance market share, and increasing adjusted revenue by 32% year-over-year. Our adjusted EBITDA was the highest in two years," said Varun Krishna, CEO and director of Rocket Companies. "These achievements highlight the strength and resilience of the Rocket Superstack — our competitive advantage that combines our ecosystem, experience, technology and brand. We've demonstrated that whatever the market brings, we will drive a bright future in helping more Americans achieve the dream of homeownership."
Rocket Companies shares fell 9.1% to close at $14.13 on Wednesday.
These analysts made changes to their price targets on Rocket Companies following earnings announcement.
<ul>
<li>Keefe, Bruyette &amp; Woods analyst Bose George maintained Rocket Companies with a Market Perform and lowered the price target from $20 to $16.</li>
<li>Piper Sandler analyst Brad Capuzzi maintained the stock with a Neutral and lowered the price target from $17 to $16.</li>
<li>On Wednesday, Barclays analyst Mark Devries maintained Rocket Companies with an Underweight and cut the price target from $14 to $13.</li>
<li>RBC Capital analyst Daniel Perlin maintained Rocket Companies with a Sector Perform and lowered the price target from $20 to $18 on Wednesday.</li>
</ul>
Considering buying RKT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="571" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14092220/image-156-1024x571.png" alt="" class="wp-image-648065" style="width:594px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14092220/image-156-1024x571.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14092220/image-156-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14092220/image-156-768x428.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14092220/image-156.png 1193w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Rocket Companies Analysts Cut Their Forecasts After Q3 Results

Keefe, Bruyette &amp; Woods analyst Bose George maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Market Perform and lowers the price target from $20 to $16.

Keefe, Bruyette & Woods Maintains Market Perform on Rocket Companies, Lowers Price Target to $16

Piper Sandler analyst Brad Capuzzi maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Neutral and lowers the price target from $17 to $16.

Piper Sandler Maintains Neutral on Rocket Companies, Lowers Price Target to $16

Barclays analyst Mark Devries maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Underweight and lowers the price target from $14 to $13.

Barclays Maintains Underweight on Rocket Companies, Lowers Price Target to $13

RBC Capital analyst Daniel Perlin maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Sector Perform and lowers the price target from $20 to $18.

RBC Capital Maintains Sector Perform on Rocket Companies, Lowers Price Target to $18

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Wednesday.
Shares of Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) fell sharply in today's pre-market trading after the company failed to file its earnings for the quarter ended <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">September 2024</a>.
The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could lead to the cancellation of its equity shares.
Spirit Airlines shares dipped 62.4% to $1.21 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>i-80 Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#NYSE">IAUX</a>) fell 21.3% to $0.7150 in pre-market trading after posting third-quarter results.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares dipped 21.4% to $8.90 in pre-market trading after reporting third-quarter results.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) fell 13.8% to $11.28 in pre-market trading following third-quarter results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) shares dipped 12.8% to $14.97 in pre-market trading following weaker-than-expected quarterly results.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) fell 12.7% to $13.56 in pre-market trading after the company reported worse-than-expected third-quarter revenue results.</li>
<li>Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) fell 10.8% to $6.09 in pre-market trading after the company reported worse-than-expected third-quarter financial results.</li>
<li>Golden Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEN#NASDAQ">GDEN</a>) dropped 10.7% to $30.22 in pre-market trading following downbeat sales.</li>
<li>Johnson Outdoors Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) fell 10.5% to $31.11 in pre-market trading.</li>
<li>Paysafe Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NASDAQ">PSFE</a>) fell 8.1% to $23.42 in pre-market trading following quarterly results.</li>
<li>Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) fell 7.1% to $44.90 in pre-market trading following third-quarter results.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41929909/dow-sp-decline-ahead-of-key-inflation-data-tesla-trump-media-slides-fear-index-remains-in-greed-zone">Dow, S&amp;P Decline Ahead Of Key Inflation Data, Tesla, Trump Media Slides: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
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Pre-Market Outlook

CART

GDEN

GRPN

IAUX

JOUT

PGNY

PSFE

SAVE

Spirit Airlines, Groupon, ZoomInfo Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

WIIM

Rocket Companies shares are trading lower after the company reported worse-than-expected Q3 revenue results.

Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) reported its third-quarter results after Tuesday's closing bell. Here's a look at the key f<a href="https://www.benzinga.com/pressreleases/24/11/n41918912/rocket-companies-announces-third-quarter-2024-results">igures from the quarter. </a>
The Details: Rocket Companies reported quarterly earnings of eight cents per share, which met the analyst consensus estimate. Quarterly revenue of $647 million missed the analyst consensus estimate of $1.28 billion and is a decrease from sales of $1 billion from the same period last year.
<ul>
<li>Rocket Mortgage generated $29.8 billion in net rate lock volume, a 43% increase over the same period of the prior year.</li>
<li>Rocket Mortgage generated $28.5 billion in closed loan origination volume, a 28% increase over the same period of the prior year.</li>
<li>Gain on sale margin was 2.78%, an increase of 2 bps over the same period of the prior year.</li>
<li>Total liquidity was $8.3 billion, as of Sept. 30, 2024, which includes $1.2 billion of cash on the balance sheet, $1.8 billion of corporate cash used to self-fund loan originations, $3.3 billion of undrawn lines of credit, and $2 billion of undrawn MSR lines of credit.</li>
</ul>
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&#8220;We delivered strong third-quarter results, expanding purchase and refinance market share, and increasing adjusted revenue by 32% year-over-year. Our adjusted EBITDA was the highest in two years,&#8221; said Varun Krishna, CEO and director of Rocket Companies.
&#8220;These achievements highlight the strength and resilience of the Rocket Superstack — our competitive advantage that combines our ecosystem, experience, technology and brand. We&#8217;ve demonstrated that whatever the market brings, we will drive a bright future in helping more Americans achieve the dream of homeownership,&#8221; Krishna added.
RKT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Rocket shares are down 10.49% after-hours at $13.91 at the time of publication Tuesday.
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Photo: Shutterstock

After-Hours Center

Rocket Shares Fall After Q3 Revenue Miss: Details

Bullish option flow detected in Rocket Companies (RKT) with 5,685 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 49.69...

Rocket Companies call volume above normal and directionally bullish

Rocket Companies: Strong Bearish Trend And Weak Market Sentiments

Morgan Stanley lowered the firm's price target on Rocket Companies (RKT) to $13 from $16 and keeps an Equal Weight rating on the shares. The 2024 s...

Rocket Companies price target lowered to $13 from $16 at Morgan Stanley

Morgan Stanley raises ratings, price target on consumer credit firms on positive 2025 view

In a report released yesterday, Jeffrey Adelson from Morgan Stanley maintained a Hold rating on Rocket Companies (RKT – Research Report), with a pr...

Morgan Stanley Remains a Hold on Rocket Companies (RKT)

The Consumer Financial Protection Bureau sued Rocket Homes to stop them from providing incentives to real estate brokers and agents in exchange for...

Rocket Homes sued by CFPB over alleged illegal kickbacks

Rocket Companies stock drops after CFPB sues Rocket Mortgages

The Consumer Financial Protection Bureau (CFPB) accused Rocket Homes, a unit of Rocket Companies ($RKT), and The Jason Mitchell Group of running an...

The CFPB Has Accused Rocket Companies (RKT) of an Illegal Kickback Scheme

Rocket Companies: A Great Company In An Inopportune Market And An Overvalued Stock

Wall Street Breakfast Podcast: Biden To Rule On US Steel Takeover

ALLY

DXCM

NPSCY

SOFI

Press Releases

Rocket Mortgage's "Welcome Home RateBreak" Unlocks the Door to Lower Mortgage Payments and Thousands in Savings for Homebuyers

Rocket Companies to Host Investor Day on Tuesday, September 10, 2024

Mortgage Technology Veteran Dan Sogorka to Lead Rocket's Broker Business Into AI-Driven Revolution

Rocket Companies Leaders Unveil Long-term Growth Strategy at Inaugural Investor Day

Contracts

Rocket Mortgage and Annaly Capital Management, Inc. Enter Strategic Subservicing Relationship

Rocket Companies Names Venmo Chief Technology Officer, Former PayPal Executive, Papanii Okai EVP of Product Engineering

Rocket Companies to Announce Third Quarter 2024 Results on November 12

Rocket Companies Announces Third Quarter 2024 Results

Rocket Companies CFO Brian Brown to Present at Goldman Sachs 2024 U.S. Financial Services Conference

Rocket Mortgage Sues United States Department of Housing and Urban Development

Enact Holdings

Federal Agricultural Mortgage Corporation Common Stock

Federal Agricultural

Better Home & Finance Holding Company - Class A Common Stock

Better Home & Finance

CNFinance Holdings Limited American Depositary Shares, each representing twenty (20) Ordinary Shares

CNFinance Hldgs

Mr. Cooper Gr

Essent Group

Finance of America Companies Inc. Class A Common Stock

Finance of America

Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests

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