Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in 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, an automotive retail marketplace that provides centralized and virtual car sales support to national car rental and online car purchasing platforms; and Rocket Loans, an online-based personal loans business. Its solutions also include Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Nexsys, a fintech company, which offers a suite of essential tech solutions for mortgage origination and closing processes through digitization and automation; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage startup. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc.
IPO Year: 2020
Exchange: NYSE
Website: rocketcompanies.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/19/2025 | $25.00 | Buy | BTIG Research |
| 8/14/2025 | $16.00 | Equal-Weight | Morgan Stanley |
| 4/8/2025 | $14.00 | Underweight → Equal Weight | Barclays |
| 4/2/2025 | $16.00 | Hold → Buy | Deutsche Bank |
| 4/2/2025 | $14.00 | Underperform → Mkt Perform | Keefe Bruyette |
| 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 |
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BTIG Research initiated coverage of Rocket Companies with a rating of Buy and set a new price target of $25.00
Morgan Stanley resumed coverage of Rocket Companies with a rating of Equal-Weight and set a new price target of $16.00
Barclays upgraded Rocket Companies from Underweight to Equal Weight and set a new price target of $14.00
Deutsche Bank upgraded Rocket Companies from Hold to Buy and set a new price target of $16.00
Keefe Bruyette upgraded Rocket Companies from Underperform to Mkt Perform and set a new price target of $14.00
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
Morgan Stanley resumed coverage of Rocket Companies with a rating of Equal-Weight and set a new price target of $18.00 from $11.00 previously
Keefe Bruyette upgraded Rocket Companies from Underperform to Mkt Perform
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
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The Black homeownership rate fell to 43.9% in the second quarter, while the Hispanic homeownership rate ticked up slightly The Black homeownership rate fell to 43.9% in the second quarter—the lowest level since the fourth quarter of 2021, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's down from 45.3% a year earlier, marking the largest year-over-year decline since the third quarter of 2021. By comparison, the Hispanic homeownership rate inched up slightly (to 48.8% from 48.5% a year earlier), and there were small declines in both the non-Hispanic white homeownership rate (to 74% from 74.4%) and the Asian/Native Hawaiian/Pacific Islander homeow
Redfin reports investor purchases of U.S. homes fell to their lowest springtime level since 2020 U.S. real estate investors purchased roughly 52,000 homes in the second quarter, the lowest level for that time of year since 2020, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's down 6% from a year earlier, the biggest drop since the fourth quarter of 2023. The report is based on a Redfin analysis of county-level home purchase records across 39 of the most populous U.S. metropolitan areas going back through 2000. Redfin defines an investor as any institution or business that purchases residential real estate, meaning its report covers both institu
The weekly average mortgage rate has ticked down to its lowest level in over 10 months. But home-sale prices are still rising, and pending home sales are up just 1.6% from a year ago. Declining mortgage rates have pushed the median U.S. monthly housing payment down to $2,593, the lowest level since January, according to a new report from Redfin, the real estate brokerage powered by Rocket. The weekly average mortgage rate has ticked down to 6.56%, the lowest level in nearly a year. Lower monthly payments are leading to a modest uptick in home sales. Pending home sales rose 1.6% from a year earlier, in line with the increases Redfin has seen over the last several weeks. But sales aren'
Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper" or the "Company") today announced that at a special meeting of Company stockholders held earlier today, its stockholders voted to adopt the Company's merger agreement with Rocket Companies, Inc. ("Rocket") (NYSE:RKT). As previously announced, under the terms of the merger agreement, Mr. Cooper stockholders are entitled to receive 11 shares of Rocket Class A common stock for each share of Mr. Cooper common stock. Additionally, Mr. Cooper may declare and pay a dividend of $2.00 per share of Mr. Cooper common stock prior to the effective time of the transaction. The final voting results of the Company's special meeting will be reported in a
Meanwhile, the number of renter households rose 2.6%—one of the biggest increases in recent years The number of homeowner households in America fell 0.1% year over year to an estimated 86.2 million in the second quarter, according to a new report from Redfin, the real estate brokerage powered by Rocket. While that's a marginal decline, it's the first since 2016. By comparison, the number of renter households rose 2.6% to an estimated 46.4 million—one of the largest increases in recent years. This is based on a Redfin analysis of U.S. Census Bureau data. A renter household is defined as one where the head of the household reports to the Census that they are renting out the property, wh
DETROIT, Sept. 2, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, announced today that it has extended the expiration date for its previously announced tender offers and consent solicitations (collectively, the "Tender Offers and Consent Solicitations") for the outstanding (i) 5.125% Senior Notes due 2030 (the "2030 Notes") and (ii) 5.750% Senior Notes due 2031 (the "2031 Notes" and, together with the 2030 Notes, the "Notes") of Nationstar Mortgage Holdings Inc. ("Nationstar"), a subsidiary of Mr. Cooper Group Inc. ("Mr. Cooper"). The expira
DETROIT, Sept. 2, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, announced today that it has extended the expiration date for its previously announced offers to exchange and consent solicitations (collectively, the "Exchange Offers and Consent Solicitations") for the $750.0 million aggregate principal amount of outstanding 6.500% Senior Notes due 2029 (the "2029 Notes") and $1.0 billion aggregate principal amount of outstanding 7.125% Senior Notes due 2032 (the "2032 Notes" and, together with the 2029 Notes, the "Existing Notes") of Nations
Home sales are falling a bit faster in seasonal towns than non-seasonal towns, partly because second-home buyers are backing off amid economic uncertainty and tight short-term rental regulations. That's causing sale prices in vacation destinations to flatten. The number of homes sold in seasonal towns, those where vacation demand drives the housing market, fell 3% year over year in July, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's compared to a 1% decline in non-seasonal towns. In seasonal towns, home sales have been declining on a year-over-year basis since February. For its report, Redfin analyzed housing-market data in seasonal towns v
This could happen if home-price growth continues on its current trajectory and mortgage rates drop moderately to 5.5% Housing costs could return to "normal" by 2030 if home-price growth stabilizes and mortgage rates fall to 5.5%, according to a new report from Redfin, the real estate brokerage powered by Rocket. Home prices are near record highs, mortgage rates remain elevated, and not enough homes are being built to meet demand in many areas of the country. But recent weeks have brought some signs that the housing market is trending in a positive direction: home-price growth is slowing and mortgage rates are starting to fall. Redfin's new report explores hypothetical scenarios for U.
Inventory is growing more in Las Vegas than anywhere else in the nation while home sales fall, with many local residents backing off amid economic uncertainty and a faltering tourism industry The total number of homes for sale in Las Vegas rose 31% year over year in July, the biggest increase of any major U.S. metro area and roughly triple the national increase. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. That marks a year straight of 20%-plus inventory increases for Las Vegas. Supply is piling up in Las Vegas because would-be homebuyers are sitting on the sidelines. Pending home sales fell 8.6% year over year in July, and closed sales fell
SCHEDULE 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
SCHEDULE 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
SCHEDULE 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
SCHEDULE 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
8-K - Rocket Companies, Inc. (0001805284) (Filer)
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8-K - Rocket Companies, Inc. (0001805284) (Filer)
8-K - Rocket Companies, Inc. (0001805284) (Filer)
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SCHEDULE 13G/A - Rocket Companies, Inc. (0001805284) (Subject)
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
4 - Rocket Companies, Inc. (0001805284) (Issuer)
Live finance-specific insights
Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper" or the "Company") today announced that at a special meeting of Company stockholders held earlier today, its stockholders voted to adopt the Company's merger agreement with Rocket Companies, Inc. ("Rocket") (NYSE:RKT). As previously announced, under the terms of the merger agreement, Mr. Cooper stockholders are entitled to receive 11 shares of Rocket Class A common stock for each share of Mr. Cooper common stock. Additionally, Mr. Cooper may declare and pay a dividend of $2.00 per share of Mr. Cooper common stock prior to the effective time of the transaction. The final voting results of the Company's special meeting will be reported in a
DETROIT, July 17, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today announced that the Company will issue its second quarter 2025 earnings on July 31, 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. RKT) is a Detroit-based fintech platform company including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Rocket
Generated Q1'25 total revenue, net of $1.0 billion and adjusted revenue of $1.3 billion. Adjusted revenue came in at the high end of our guidance rangeReported Q1'25 GAAP net loss of $212 million, or $0.08 GAAP diluted loss per share and adjusted net income of $80 million, or $0.04 adjusted diluted earnings per shareDelivered Q1'25 adjusted EBITDA of $169 millionDETROIT, May 8, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate, title and personal finance businesses, today announced results for the first quarter ended March 31, 2025.
DETROIT, April 24, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today announced that the Company will issue its first quarter 2025 earnings on May 8, 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. RKT) is a Detroit-based fintech platform company including mortgage, real estate and personal finance businesses: Rocket Mortgage, Rocket Homes, R
Redfin Corporation (NASDAQ:RDFN) will release first-quarter 2025 results after the stock market closes on Tuesday, May 6, 2025. Given the pending acquisition of Redfin by Rocket Companies (NYSE:RKT) that was announced on March 10, 2025, Redfin will not be holding a conference call or live webcast to discuss Redfin's quarterly financial results. The financial results press release will be accessible on Redfin's Investor Relations website at http://investors.redfin.com. Forward-Looking Information This communication contains statements herein regarding the proposed transaction between Rocket Companies, Inc. ("Rocket") and Redfin Corporation ("Redfin"); future financial and operating results
Combined company to service more than $2.1 trillion in loan volumeIntegrating Rocket's originations-servicing recapture flywheel with Mr. Cooper's servicing platform will drive down costs and improve the experience for the companies' nearly 10 million combined clients, representing one in every six mortgagesTransaction is expected to generate annual run-rate revenue and cost synergies of approximately $500 million, contributing to organic revenue growth while increasing operating leverage and maintaining significant capital and liquidity. This announcement follows Rocket's recent agreement to acquire digital brokerage platform RedfinCompanies to host conference call and webcast today at 8:00
Most-visited real estate brokerage website joins with largest mortgage lenderConnects Redfin's nearly 50 million monthly visitors to Rocket's mortgage productsRocket Companies to collapse "Up-C" structure and declares a special cash dividend of $0.80 per share of Class A common stock to be paid on April 3Rocket to host conference call and webcast today at 8:00 a.m. ETDETROIT and SEATTLE, March 10, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform consisting of mortgage, real estate and personal finance businesses, today announced it has entered into an agreement to purchase Redfin (NASDAQ:RDFN), a leading digital real estate brokerage, in an all-stock tran
Generated Q4'24 total revenue, net of $1.8 billion and adjusted revenue of $1.2 billion. Adjusted revenue came in at the high end of our guidance rangeReported Q4'24 GAAP net income of $649 million, or $0.23 GAAP diluted earnings per share and adjusted net income of $85 million, or $0.04 adjusted diluted earnings per shareReported full year 2024 total revenue, net of $5.1 billion and adjusted revenue of $4.9 billion, representing 34% and 30% growth, respectively, year-over-yearReported full year 2024 GAAP net income of $636 million, or $0.21 GAAP diluted earnings per share and adjusted net income of $456 million, or $0.23 adjusted diluted earnings per shareDelivered full year adjusted EBITDA
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
Analytical look into recent insider purchases
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
This live feed shows all institutional transactions in real time.
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Live Leadership Updates
TORONTO, Aug. 12, 2025 /PRNewswire/ -- Viral Nation, a global leader in social-first transformation, today announced it has been named the Social Media Agency of Record for Rocket, the Detroit-based fintech platform including mortgage, real estate, title, and personal finance businesses. Rocket will leverage Viral Nation's influencer marketing, social strategy, community management, and social content creation abilities to deliver raw, relatable homeownership stories that break through social media's glossy facade. At a time when nearly 80% of social media users turn to their
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced the appointment of Julie Booth to its Board of Directors, effective immediately. Ms. Booth most recently served as Chief Financial Officer and Treasurer of Rocket Companies (NYSE:RKT) ("Rocket"), the Detroit-based fintech platform company with mortgage, real estate, and personal finance businesses. Ms. Booth's appointment increases the size of Regional Management's Board of Directors from eight directors to nine directors. Ms. Booth will serve as a member of the Audit Committee of Regional Management's Board of Directors. "We are excited to welcome Julie to our Board," said Maria Contreras-Sweet,
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
ROYAL OAK, Mich., Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effective January 1, 2024. Ms. He is currently the Chief Leadership Advisor at Rocket Central, where she is responsible for executive leadership development for Rocket Companies, Inc. (NYSE:RKT). She co-founded Rocket Central and previously served as President and Chief Operating Officer. Prior to that role, Ms. He served as Chief Information Officer of Rocket Mortgage, one of the nation's
Highly Accomplished Fintech Executive with Proven Track Record of Delivering Superior Performance and InnovationBob Walters, Rocket Companies Executive and Rocket Mortgage CEO to Retire Effective September 5Krishna to Succeed Walters as Rocket Mortgage CEO in dual role; Bill Emerson to Become President and Chief Operating Officer of Rocket CompaniesDETROIT, July 31, 2023 /PRNewswire/ -- Rocket Companies (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses, including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, today announced that its Board of Directors has appointed accomplished fintech execu
Jay Farner to Retire June 1, 2023, After 27 Years with CompanyLongtime Rocket Executive Bill Emerson Named Interim CEO, Emerson Served 15 Years as Farner's Immediate Predecessor Rocket Initiates Search for Permanent SuccessorDETROIT, Feb. 13, 2023 /PRNewswire/ -- Rocket Companies (NYSE:RKT), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses, including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, today announced that following a 27-year career at the Company, Chief Executive Officer Jay Farner plans to retire from his position effective June 1, 2023.