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Rocket mortgage stock price target1/17/2024 This represents 4.8 percent ownership of the company. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,506,751 shares of Rocket Companies Inc (US:RKT). Is Workhorse a good buy right now? Does Citadel own RKT?Ĭlass A Common Stock (RKT) Institutional Holdings | Nasdaq. Largest shareholders include Invesco Ltd., Caledonia (Private) Investments Pty Ltd, Vanguard Group Inc, BlackRock Inc., AIM EQUITY FUNDS (INVESCO EQUITY FUNDS) – Invesco Oppenheimer Main Street Fund Class C, State Street Corp, Technology Crossover Management X, Ltd., VTSMX – Vanguard Total Stock Market Index Fund … (NASDAQ:SDC) Number of Hedge Fund Holders: 18. (NASDAQ:BBBY) Number of Hedge Fund Holders: 17. Nikola Corporation (NASDAQ:NKLA) Number of Hedge Fund Holders: 12.ROCKET COMPANIES’s dividend is higher than the US industry average of 9.53%, and it is higher than the US market average of 4.15%. The P/B is a method of comparing a stock’s market value to its book value, which is defined as total assets minus total liabilities. Investors should also recognize that RKT has a P/B ratio of 3.64. RKT is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. We believe the company will ultimately outperform expectations, benefiting from a stronger than expected housing market and demand for mortgages overall. We rate shares of RKT as a buy with a price target of $17.50 for the year ahead representing a forward P/E of 15x on the current consensus 2022 EPS. went public under the symbol RKT, raising $1.8 billion. On August 6, 2020, Rocket Companies, Inc. Rocket owes $75M on debt secured by MSR contracts, a much smaller portion. Top 10 Owners of Rocket Companies Inc StockholderĪs of Q2 2020, Rocket owes about $16B on debt secured by loans held for sale which is about 70% of its $23B total debt. 23.60% of Rocket Companies’ shares are currently sold short. As of March 31st, traders have sold 26,530,000 shares of RKT short. What is Rocket Companies’ current short interest? Short interest is the volume of Rocket Companies shares that have been sold short but have not yet been closed out or covered. What is the current short interest in RKT? In December, Rocket ( RKT) CEO Jay Farner explained the strategy behind its $1.28B acquisition of Truebill.Rocket Companies Inc (RKT) is a leading mortgage finance business based in the US. Quant rating for Rocket ( RKT) is Sell, with poor grades in Growth and Momentum, while the average Wall Street rating is Hold. Also spending in marketing, technology, and non-mortgage businesses could lead to higher-than-expected operating expenses, Bhatia said. "Refi mortgages comprised 85% of 9M21 origination volume and are likely headed meaningfully lower as higher rates dampen volume," the analyst said.īhatia expects Rocket ( RKT) revenue to decline by ~17% Y/Y in 2022. "While we admire RKT's best-in-class technology platform and its strong retail franchise, which we think offers better margin protection than peers, near-term results will be impacted by the hostile market backdrop," Bhatia wrote in a note to clients.Īlthough the company is working to bolster its non-mortgage business, near-term results will be driven by its mortgage business, and that will be hurt by rising rates, especially in its large refinancing franchise. Rocket Companies (NYSE: RKT) stock is falling 2.2% in premarket trading after BofA Securities analyst Mihir Bhatia downgrades the lending platform's stock to Underperform from Neutral due to the "challenging rate backdrop" for mortgage originators.
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