Rocket Companies upgraded by BofA Securities with a new price target
$RKT
Finance: Consumer Services
Finance
BofA Securities upgraded Rocket Companies from Underperform to Neutral and set a new price target of $15.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $11.50 | Sell → Neutral | UBS |
| 12/10/2024 | $16.00 → $11.50 | Mkt Perform → Underperform | Keefe Bruyette |
| 11/15/2024 | $15.00 | Underperform → Neutral | BofA Securities |
| 11/5/2024 | $11.00 → $18.00 | Equal-Weight | Morgan Stanley |
| 8/5/2024 | Underperform → Mkt Perform | Keefe Bruyette | |
| 1/16/2024 | $9.00 → $10.00 | Neutral → Sell | Citigroup |
| 1/10/2024 | Hold | Deutsche Bank | |
| 1/4/2024 | $8.50 → $10.50 | Neutral → Underweight | JP Morgan |
RocketRentRewards is the first offer in the mortgage industry to provide up to $5,000 in closing cost credits for rent payments DETROIT, Feb. 18, 2025 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today introduced RocketRentRewards – the homeownership industry's first offer to provide closing cost credits for renters. With a Rocket mortgage, homebuyers earn 10% back on the last 12 months of rental payments – receiving up to $5,000 in lender credits toward closing costs. With the national average rent at $1,80
DETROIT, Feb. 13, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that the Company will issue its fourth quarter and full year 2024 earnings on February 27, 2025. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date and a press release detailing the Company's results will be issued prior to the call. A live webcast of the event will be available on the "Events & Prese
A first-of-its-kind Super Bowl moment blends an anthemic ad with a live stadium singalong, uniting Americans in a call to come home DETROIT, Feb. 9, 2025 /PRNewswire/ -- Rocket Companies (NYSE:RKT), the Detroit-based fintech platform company consisting of mortgage, real estate and personal finance businesses, tonight launched its Own the Dream integrated marketing campaign during the second quarter of Super Bowl LIX. The company's ad spot turned into a nationwide singalong, bringing millions of Americans together. The 60-second ad is a tribute to the meaning of home. Set to a reimagined version of John Denver's "Take Me Home, Country Roads," it captures everyday
Harnessing the power of social media, dreamers and their biggest advocates come together in support of Habitat for Humanity to help everyone experience home DETROIT, April 16, 2024 /PRNewswire/ -- Rocket Mortgage, the official mortgage partner of the 2024 NFL Draft and a champion of those dreaming of homeownership, today announced the launch of its "Dreammate" campaign – an inspirational, multi-media campaign celebrating the NFL Draft. Through the "Dreammate" movement, Rocket Mortgage aims to inspire those relentlessly chasing their dreams. The campaign acknowledges the valuab
This appointment of Rampell, along with the recent addition of CEO Varun Krishna to the Board, furthers the Company's fintech and AI-driven vision. DETROIT, Feb. 1, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that Alex Rampell has been appointed as an independent director to the Company's Board of Directors. RKT) announced that Alex Rampell has been appointed as an independent director to the Company's Board of Directors." alt="Rocket Companies (NYSE:RKT) announced that Alex Rampell has b
Mildenhall is an internationally recognized marketing leader with decades of experience growing brands for public companies including Coca Cola and Airbnb. DETROIT, Jan. 4, 2024 /PRNewswire/ -- Rocket Companies (NYSE:RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that it has named Jonathan Mildenhall as its first ever group Chief Marketing Officer (CMO), effective January 8, 2024. In this new role, Mildenhall will be responsible for creating a unified and compelling voice for all busines
UBS upgraded Rocket Companies from Sell to Neutral and set a new price target of $11.50
Keefe Bruyette downgraded Rocket Companies from Mkt Perform to Underperform and set a new price target of $11.50 from $16.00 previously
BofA Securities upgraded Rocket Companies from Underperform to Neutral and set a new price target of $15.00
DETROIT, Feb. 13, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that the Company will issue its fourth quarter and full year 2024 earnings on February 27, 2025. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date and a press release detailing the Company's results will be issued prior to the call. A live webcast of the event will be available on the "Events & Prese
Generated Q3'24 total revenue of $647 million and adjusted revenue of $1.323 billion. Adjusted revenue exceeded the high end of our guidance rangeReported Q3'24 GAAP net loss of $481 million, or $0.19 GAAP diluted loss per share and adjusted net income of $166 million, or $0.08 adjusted diluted earnings per shareDelivered Q3'24 adjusted EBITDA of $286 million, the highest in two yearsDETROIT, Nov. 12, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and personal finance businesses, today announced results for the third quarter ended September 30, 2024. "We delivered strong
DETROIT, Oct. 29, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that the Company will issue its third quarter 2024 earnings on November 12, 2024. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date and a press release detailing the Company's results will be issued prior to the call. A live webcast of the event will be available on the "Events & Presentations" sectio
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
SC 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
SC 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
SC 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
SCHEDULE 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
SCHEDULE 13G - Rocket Companies, Inc. (0001805284) (Subject)
SCHEDULE 13G - Rocket Companies, Inc. (0001805284) (Subject)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
Recently, there has been a series of insider purchases at Rocket Companies Inc. by Director Rizik Matthew. On 2024-06-21, Director Rizik Matthew made a purchase of $8,648 worth of shares, acquiring 622 units at a price of $13.90. This transaction increased his direct ownership by 0.09% to 706,108 units, as reported in SEC Form 4. This purchase indicates confidence from an insider in the company's prospects. Building up to this latest purchase, Rizik Matthew had also bought shares in the previous month. On 2024-05-31, he acquired $4,375 worth of shares (317 units at $13.80), increasing his direct ownership by 0.05% to 702,497 units. Following this, he made purchases on 2024-06-05, 2024-06-07
Rizik Matthew, a prominent figure at Rocket Companies Inc., has been steadily increasing his direct ownership in the company through a series of insider purchases over the past couple of months. The most recent purchase, which took place on June 7, 2024, saw Rizik Matthew acquiring $8,630 worth of shares, equivalent to 602 units at $14.34 per share. This transaction resulted in a marginal increase in his direct ownership by 0.09%, bringing his total direct ownership to 703,727 units as reported in the SEC Form 4. When we examine the pattern of Rizik Matthew's insider purchases leading up to the latest transaction, we can observe a consistent trend of incremental increases in direct ownershi