Rocket Lab’s (RKLB) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Rocket Lab (NASDAQ:RKLB) in a report published on Wednesday morning,Benzinga reports. They currently have a $55.00 price objective on the rocket manufacturer’s stock.

Several other research firms have also commented on RKLB. Citigroup reiterated a “buy” rating and set a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Stifel Nicolaus boosted their price objective on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group began coverage on shares of Rocket Lab in a research note on Monday, June 30th. They set a “neutral” rating and a $27.00 price objective for the company. Cantor Fitzgerald boosted their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Bank of America boosted their price objective on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Rocket Lab presently has an average rating of “Moderate Buy” and a consensus price target of $42.27.

Rocket Lab Trading Up 6.6%

NASDAQ:RKLB opened at $45.84 on Wednesday. Rocket Lab has a one year low of $5.74 and a one year high of $53.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The firm has a market cap of $21.97 billion, a P/E ratio of -101.87 and a beta of 2.17. The firm has a 50-day simple moving average of $43.93 and a 200-day simple moving average of $30.08.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The business had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Rocket Lab will post -0.38 EPS for the current fiscal year.

Insider Activity at Rocket Lab

In other Rocket Lab news, Director Merline Saintil sold 6,353 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total transaction of $212,063.14. Following the transaction, the director owned 419,569 shares in the company, valued at approximately $14,005,213.22. This represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Matthew Ocko sold 820,000 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $26.01, for a total transaction of $21,328,200.00. Following the completion of the sale, the director directly owned 1,083,053 shares in the company, valued at $28,170,208.53. This trade represents a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,040,446 shares of company stock worth $27,247,305. 11.90% of the stock is owned by company insiders.

Institutional Trading of Rocket Lab

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Rocket Lab by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock valued at $715,728,000 after acquiring an additional 3,833,969 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Rocket Lab by 67.0% in the 2nd quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer’s stock valued at $223,287,000 after acquiring an additional 2,504,054 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Rocket Lab in the 2nd quarter valued at $192,918,000. Norges Bank purchased a new stake in shares of Rocket Lab in the 2nd quarter valued at $164,751,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Rocket Lab in the 4th quarter valued at $72,623,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

About Rocket Lab

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.