Rocket Companiesの空売り状況は、投資家がRocket Companiesの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Rocket Companies (NYSE:RKT) 株価情報, 空売り情報

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.

Rocket Companies, Inc. Class A Common Stock

Rocket Companies Inc

Reflectkote Inc

RAKUTEN BK LTD by RAKUTEN BK LTD.

News

TREE

President Trump Said Treasury Is Going To Lead The Effort To Cut Unnecessary Regulation, And Will Unleash Lending For All American People And Businesses

President-elect Donald Trump announced plans Thursday to nominate private equity CEO Bill Pulte as director of the <a href="https://www.benzinga.com/topic/housing">Federal Housing Finance Agency (FHFA)</a>. 
What To Know: If Trump&#8217;s selection is confirmed, Pulte will become the top housing regulator, overseeing mortgage giants Fannie Mae (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTCQB">FNMA</a>) and Freddie Mac (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTCQB">FMCC</a>), which have been in conservatorship since the 2008 financial crisis.
The FHFA is expected to play an integral role in anticipated efforts to return the mortgage giants to the private sector, according to Reuters. 
Trump reportedly took steps to try to remove Fannie Mae and Freddie Mac from government control during his first term. Removing the mortgage giants from conservatorship is expected to be a priority for Trump in his upcoming administration. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43035888/donald-trump-reportedly-open-to-us-crypto-reserve-as-bitcoin-reserve-chatter-gathers-steam">Donald Trump Reportedly Open To US Crypto Reserve As Bitcoin Reserve Chatter Gathers Steam</a>
Pulte is the grandson of William Pulte, founder and chairman of U.S. homebuilder PulteGroup.&nbsp;He&#8217;s also known for his philanthropy on social media platform X, where he often gives away money to people in need of financial help.
&#8220;Bill needs no formal introduction to the Great Citizens of our Country, because they have seen, and many have experienced, his philanthropy firsthand. He believes in the incredible potential of our Nation, and will help us restore the American Dream FOR ALL,&#8221; Trump said in a <a href="https://truthsocial.com/@realDonaldTrump/posts/113838912162964211">post</a> on Truth Social. 
Shares of Fannie Mae were down nearly 10% and shares of Freddie Mac were lower by more than 11% at last check, according to <a href="http://pro.benzinga.com">Benzinga Pro.</a> 
Despite Thursday&#8217;s declines, Fannie and Freddie are both up close to 300% over the past three months in anticipation of Trump&#8217;s return to the White House.
Meanwhile, the VanEck Mortgage REIT Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MORT#NYSE">MORT</a>) and IShares Residential And Multisector Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REZ#NYSE">REZ</a>) were both up about 1% at the time of writing. Names like UWM Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>) and Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) were also higher, last up 2.63% and 0.82%, respectively.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/bonds/25/01/43026749/trumps-tax-cut-plans-could-be-derailed-by-soaring-bond-yields-warns-gop-mortgage-credit-card-rates-auto-loan-are-going-to-continue-to-go-up">Trump&#8217;s Tax Cut Plans Could Be Derailed By Soaring Bond Yields, Warns GOP: &#8216;Mortgage&#8230;Credit Card Rates&#8230; Auto Loan Are Going To Continue To Go Up&#8217;</a></li>
</ul>
Photo: Courtesy of the Library Of Congress.

Government

Movers

Real Estate

FMCC

FNMA

MORT

iShares FTSE NAREIT Residential PLUS Capped Index Fund

UWMC

Trump Taps Private Equity Investor Bill Pulte To Lead Federal Housing Finance Agency

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 $14 to $10.5.

Price Target

Analyst Ratings

JP Morgan Maintains Underweight on Rocket Companies, Lowers Price Target to $10.5

UBS analyst Douglas Harter upgrades Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) from Sell to Neutral and lowers the price target from $12.5 to $11.5.

Upgrades

UBS Upgrades Rocket Companies to Neutral, Lowers Price Target to $11.5

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$32.8K</td>
<td>15.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>RKT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$11.00</td>
<td>$30.0K</td>
<td>3.7K</td>
<td>545</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$82.50</td>
<td>$123.6K</td>
<td>0</td>
<td>500</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$100.00</td>
<td>$26.6K</td>
<td>4.0K</td>
<td>408</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$280.00</td>
<td>$25.2K</td>
<td>15.5K</td>
<td>271</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$65.00</td>
<td>$25.4K</td>
<td>1.0K</td>
<td>191</td>
</tr>
<tr>
<td>FI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$220.00</td>
<td>$28.1K</td>
<td>244</td>
<td>172</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$180.00</td>
<td>$88.5K</td>
<td>835</td>
<td>108</td>
</tr>
<tr>
<td>AFL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/07/25</td>
<td>$102.00</td>
<td>$39.0K</td>
<td>0</td>
<td>100</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$240.00</td>
<td>$52.6K</td>
<td>2.1K</td>
<td>27</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on January 17, 2025. Parties traded 585 contract(s) at a $75.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $56.0 per contract. There were 15802 open contracts at this strike prior to today, and today 2017 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a put option sweep with neutral sentiment. It expires in 10 day(s) on January 17, 2025. Parties traded 500 contract(s) at a $11.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $60.0 per contract. There were 3727 open contracts at this strike prior to today, and today 545 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bullish sentiment. It expires in 192 day(s) on July 18, 2025. Parties traded 463 contract(s) at a $82.50 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $123.6K, with a price of $267.0 per contract. There were 0 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option sweep with bearish sentiment. It expires in 164 day(s) on June 20, 2025. Parties traded 35 contract(s) at a $100.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $762.0 per contract. There were 4083 open contracts at this strike prior to today, and today 408 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bearish, expiring in 45 day(s) on February 21, 2025. This event was a transfer of 10 contract(s) at a $280.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $2536.0 per contract. There were 15520 open contracts at this strike prior to today, and today 271 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a call option sweep with bearish sentiment. It expires in 45 day(s) on February 21, 2025. Parties traded 40 contract(s) at a $65.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $635.0 per contract. There were 1099 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold. 
• Regarding FI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), we observe a call option sweep with neutral sentiment. It expires in 45 day(s) on February 21, 2025. Parties traded 131 contract(s) at a $220.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $215.0 per contract. There were 244 open contracts at this strike prior to today, and today 172 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $180.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $88.5K, with a price of $885.0 per contract. There were 835 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
• Regarding AFL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on February 7, 2025. Parties traded 100 contract(s) at a $102.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 0 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bearish, expiring in 374 day(s) on January 16, 2026. This event was a transfer of 18 contract(s) at a $240.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $52.6K, with a price of $2925.0 per contract. There were 2123 open contracts at this strike prior to today, and today 27 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AFRM

COIN

SCHW

10 Financials Stocks Whale Activity In Today's Session

Goldman Sachs analyst Ryan Nash 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 $16 to $14.

Goldman Sachs Maintains Neutral on Rocket Companies, Lowers Price Target to $14

Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) underwent analysis by 13 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing 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">7</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</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">2</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">4</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">0</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $14.42, a high estimate of $19.00, and a low estimate of $10.50. A 6.97% drop is evident in the current average compared to the previous average price target of $15.50. 
<img src="https://www.benzinga.com/files/images/story/2025/1735912826_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Rocket Companies. The following summary 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>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$10.50</td>
<td>$11.50</td>
</tr>
<tr>
<td>James Faucette</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$13.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$11.50</td>
<td>$16.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$14.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Mihir Bhatia</td>
<td>B of A Securities</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
<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>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Rocket Companies. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Rocket Companies compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Rocket Companies's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Rocket Companies's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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>Get to Know Rocket Companies Better</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>Understanding the Numbers: Rocket Companies's Finances</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 Challenges: Rocket Companies's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -47.77%. This indicates a decrease in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Rocket Companies's net margin is impressive, surpassing industry averages. With a net margin of -3.62%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Rocket Companies's ROE excels beyond industry benchmarks, reaching -3.36%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Rocket Companies's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.09%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Rocket Companies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 10.11.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

13 Analysts Assess Rocket Companies: What You Need To Know

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 Underperform and lowers the price target from $11.5 to $10.5.

Keefe, Bruyette & Woods Maintains Underperform on Rocket Companies, Lowers Price Target to $10.5

<h2 class="wp-block-heading">Consumer Financial Protection Bureau Sues Rocket Homes, Alleges Kickback Scheme</h2>
The Consumer Financial Protection Bureau sued Rocket Homes, a division of Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), on Monday in what it said is an action stop the company from providing incentives to real estate brokers and agents to steer homebuyers to Rocket Mortgage,<a href="https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/"> LLC for loans</a>.
The CFPB alleged that Rocket Homes pressured real estate brokers and agents not to share information with clients concerning products which were not offered by Rocket Mortgage, including the availability of down payment assistance programs.&nbsp;
Read Next:<a href="https://www.benzinga.com/news/legal/24/12/42687945/zelle-became-a-gold-mine-for-fraudsters-consumer-financial-protection-bureau-lawsuit"> &#8216;Zelle Became A Gold Mine For Fraudsters&#8217;: Consumer Financial Protection Bureau Lawsuit</a>
"Rocket engaged in a kickback scheme that discouraged homebuyers from comparison shopping and getting the best deal," said CFPB Director Rohit Chopra.&nbsp;
"At a time when homeownership feels out of reach for so many, companies should not illegally block competition in ways that drive up the cost of housing," Chopra added.
The CFPB also sued Jason Mitchell and his real estate brokerage firm, JMG Holding Partners LLC, which does business as The Jason Mitchell Group, for allegedly participating in the kickback scheme.&nbsp;
Rocket Homes denied the allegations in a statement late Monday, calling the lawsuit "flimsy" and part of a "political agenda.&#8221;
"The CFPB's allegations are false and a distortion of reality. The accusation that homebuyers paid more when working with Rocket Homes is a lie. Additionally, the notion that Rocket Homes penalized real estate brokers or agents for helping clients compare rates and choose the best lender for them is also a lie," the statement said, per Yahoo Finance.&nbsp;
<h2 class="wp-block-heading">SEC Charges Tai Mo Shan With Misleading Investors About Terra USD</h2>
The Securities and Exchange Commission last Friday<a href="https://www.sec.gov/newsroom/press-releases/2024-212"> charged</a> Tai Mo Shan Ltd. with misleading investors about the stability of Terra USD, when UST dropped from its purportedly fixed exchange rate of 1 UST to $1, known as a peg.&nbsp;
The SEC also charged Tai Mo Shan with offering and selling securities in unregistered transactions by acting as a statutory underwriter with respect to certain of its offers and sales of LUNA (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/luna/usd">LUNA</a>), a crypto asset issued by Terraform and offered and sold as a security.&nbsp;
"This case reminds us that, too many times in the crypto markets, we've seen significant investor losses due to fraud," said SEC Chair Gary Gensler.&nbsp;
"Here, the impact reverberated throughout the crypto markets, eventually costing the savings of countless investors. Regardless of the labels, crypto market participants should comply with the securities laws where applicable and not deceive the public. Otherwise, investors get hurt," Gensler added.&nbsp;
Tai Mo Shan agreed to pay $73,452,756 in disgorgement, $12,916,153 in prejudgment interest, and a $36,726,378 civil penalty as part of the settlement. Tai Mo Shan also agreed to cease and desist from violations of the registration and fraud provisions it violated, without admitting or denying the SEC's findings.
Read Next: 
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Financial Crime Weekly: SEC Charges Tai Mo Shan With Misleading Terra USD Investors, Rocket Companies Sued Over Alleged Kickback Scheme

<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.

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.

Trading Ideas

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.

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.

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.
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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

Keefe Bruyette analyst Bose George lowered the firm's price target on Rocket Companies (RKT) to $10.50 from $11.50 and keeps an Underperform rating...

Rocket Companies price target lowered to $10.50 from $11.50 at Keefe Bruyette

Deutsche Bank lowered the firm's price target on Rocket Companies (RKT) to $14 from $18 and keeps a Hold rating on the shares as part of a 2025 out...

Rocket Companies price target lowered to $14 from $18 at Deutsche Bank

Barclays analyst Terry Ma maintained a Sell rating on Rocket Companies (RKT – Research Report) today and set a price target of $10.00. The company'...

Rocket Companies (RKT) Gets a Sell from Barclays

Capital One, Discover, Synchrony upped at Barclays

Bullish option flow detected in Rocket Companies (RKT) with 6,032 calls trading, 1.2x expected, and implied vol increasing over 1 point to 53.57%. ...

Rocket Companies call volume above normal and directionally bullish

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

Morgan Stanley Reaffirms Their Hold Rating on Rocket Companies (RKT)

Unusual total active option classes on open include: Applied Digital Corp (APLD), Rocket Companies (RKT), Trump Media (DJT), Teladoc (TDOC), B Rile...

Unusually active option classes on open January 14th

Bullish option flow detected in Rocket Companies (RKT) with 10,306 calls trading, 3x expected, and implied vol increasing almost 3 points to 59.21%...

Unusual total active option classes on open include: Avery Dennison (AVY), Citizens Financial (CFG), iShares Global Clean Energy (ICLN), Genius Spo...

Unusually active option classes on open January 15th

Amid the DeepSeek-fuelled selloff on Wall Street yesterday it was not all bad news for investors as Rocket Companies ($RKT) led a rally among lende...

Rocket Companies (NYSE:RKT) Blasts Higher as Yields Dip amid DeepSeek Carnage

APLD

COOP

ESNT

EZPW

FINV

GENI

HOOD

KODK

LAES

NAVI

NMIH

OPFI

QFIN

RGTI

RILY

TDOC

VALE

XPEV

Press Releases

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

Earnings

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

Rocket Companies Unifies Under the 'Rocket' Brand with New Visual Identity

Rocket Launches Rocket.com Website with Integrated Search, Financing and Management Tools

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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