Rocket Lab Sees Unusually High Options Volume (NASDAQ:RKLB)

Rocket Lab Corporation (NASDAQ:RKLB) saw unusually large options trading on Friday. Investors bought 169,448 call options on the company. This is an increase of 49% compared to the average volume of 113,903 call options.

Wall Street Analyst Weigh In

RKLB has been the subject of several recent analyst reports. Bank of America upped their target price on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Craig Hallum initiated coverage on shares of Rocket Lab in a report on Monday, July 28th. They issued a “hold” rating and a $51.00 target price for the company. KeyCorp upped their target price on shares of Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Citigroup reiterated a “buy” rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Stifel Nicolaus lifted their price target on shares of Rocket Lab from $34.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.27.

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 transaction, the director directly owned 419,569 shares of the company’s stock, valued at approximately $14,005,213.22. This trade represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Rocket Lab

Several institutional investors have recently made changes to their positions in RKLB. Versant Capital Management Inc lifted its holdings in shares of 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. EverSource Wealth Advisors LLC boosted its position in shares of Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after buying an additional 416 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Rocket Lab during the first quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its position in shares of Rocket Lab by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock valued at $35,000 after buying an additional 1,226 shares during the period. Finally, Spectrum Wealth Counsel LLC boosted its position in shares of Rocket Lab by 100.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after buying an additional 1,000 shares during the period. Institutional investors own 71.78% of the company’s stock.

Rocket Lab Stock Up 10.1%

Shares of NASDAQ:RKLB opened at $53.34 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Rocket Lab has a 12 month low of $6.91 and a 12 month high of $54.03. The company has a 50-day moving average price of $45.25 and a 200 day moving average price of $30.94. The company has a market cap of $25.57 billion, a price-to-earnings ratio of -118.53 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) 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 business had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. During the same period in the previous year, the business posted ($0.08) EPS. The firm’s revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Rocket Lab will post -0.38 earnings per share for the current year.

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.