From MarketBeat:

Rocket Companies, Inc. (NYSE:RKT) is rated an average of “Reduce” by twelve research firms covering the company. Five analysts rated the stock as “sell” and seven assigned a “hold” rating with an average twelve-month target price of $9.43. Recent price targets by analysts range from $6.00 to $14.00.

Shares of Rocket Companies opened at $12.63 on Monday, with a market capitalization of $25.04 billion and a P/E ratio of -60.14. The company reported ($0.01) in EPS, beating analysts’ estimates, and a revenue of $1.20 billion, higher than the expected $1.08 billion.

Hedge funds have shown interest in Rocket Companies, with JPMorgan Chase & Co., Raymond James Financial Services Advisors Inc., and Bank of New York Mellon Corp. among the notable institutional investors.

Rocket Companies, Inc. is a fintech holding company that provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through Direct to Consumer and Partner Network segments and includes brands such as Rocket Mortgage, Amrock, Rocket Homes, Rocket Auto, and Rocket Loans.

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Read more: Rocket Companies, Inc. (NYSE:RKT) Given Average Rating of “Reduce” by Brokerages