MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stake in Rocket Lab Corporation $RKLB

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 6.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 210,238 shares of the rocket manufacturer’s stock after buying an additional 12,243 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Rocket Lab were worth $3,759,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RKLB. Versant Capital Management Inc increased its holdings in Rocket Lab by 118.1% in the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 860 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in Rocket Lab in the 1st quarter worth about $29,000. Farther Finance Advisors LLC grew its position in shares of Rocket Lab by 181.1% in the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock valued at $35,000 after purchasing an additional 1,226 shares in the last quarter. Spectrum Wealth Counsel LLC lifted its holdings in Rocket Lab by 100.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Rocket Lab by 39.8% during the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer’s stock worth $56,000 after purchasing an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Merline Saintil sold 6,353 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total value of $212,063.14. Following the completion of the sale, the director owned 419,569 shares of the company’s stock, valued at $14,005,213.22. This trade represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on RKLB. Citigroup restated a “buy” rating and set a $50.00 target price (up from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Stifel Nicolaus lifted their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Craig Hallum started coverage on Rocket Lab in a research note on Monday, July 28th. They set a “hold” rating and a $51.00 price target for the company. The Goldman Sachs Group started coverage on Rocket Lab in a research note on Monday, June 30th. They set a “neutral” rating and a $27.00 price target for the company. Finally, Cantor Fitzgerald lifted their price target on Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Rocket Lab currently has an average rating of “Moderate Buy” and an average price target of $42.27.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $53.34 on Friday. The firm has a market cap of $25.57 billion, a PE ratio of -118.53 and a beta of 2.17. Rocket Lab Corporation has a fifty-two week low of $6.91 and a fifty-two week high of $54.03. 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 business has a 50 day moving average price of $45.25 and a 200-day moving average price of $30.94.

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

Rocket Lab Company Profile

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.