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.