What Does the Market Think of Rocket Companies (RKT) Shares?

By Chris Stiles • Wednesday, November 23 10:06 • Permanent Link

Shares of Rocket Companies fell to $7.43 during today's morning trading session. Despite the 0.7% change, the small-cap Mortgage Finance company still trades 6.52% above its average analyst target price of $6.98. So there may be further downside for the Mortgage Finance stock. Rocket Companies has target prices ranging from $4.5 to $9 per share, and its average rating is hold.

Besides an analyst consensus of little upside potential, other market factors point to there being mostly negative market sentiment on Rocket Companies. The stock has an unusually large proportion of its shares sold short at 30.3% and a short ratio of 9.6. Finally, we also note that an average number of institutional investors are invested in the stock, with 65.0% of Rocket Companies's shares being owned by this investor type.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.