Rocket Lab Corporation (NASDAQ:RKLB) Receives Average Rating of “Moderate Buy” from Brokerages

Rocket Lab Corporation (NASDAQ:RKLB) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $51.75.

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Rocket Lab in a research report on Wednesday, September 3rd. KeyCorp lifted their price target on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Robert W. Baird assumed coverage on Rocket Lab in a research report on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 price target for the company. Finally, Roth Capital reiterated a “buy” rating on shares of Rocket Lab in a research report on Friday, August 29th.

Insider Transactions at Rocket Lab

In other news, CFO Adam C. Spice sold 874,588 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the completion of the sale, the chief financial officer owned 2,057,889 shares of the company’s stock, valued at approximately $98,799,250.89. The trade was a 29.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frank Klein sold 45,535 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $2,229,848.95. Following the completion of the sale, the insider directly owned 1,320,291 shares of the company’s stock, valued at approximately $64,654,650.27. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,406,361 shares of company stock worth $267,483,973. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. raised its position in shares of Rocket Lab by 176.1% in the 3rd quarter. Baillie Gifford & Co. now owns 12,125,910 shares of the rocket manufacturer’s stock worth $580,952,000 after acquiring an additional 7,734,788 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Rocket Lab in the 2nd quarter worth approximately $192,918,000. Norges Bank bought a new position in shares of Rocket Lab in the 2nd quarter worth approximately $164,751,000. Vanguard Group Inc. raised its position 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 worth $715,728,000 after acquiring an additional 3,833,969 shares in the last quarter. Finally, Invesco Ltd. raised its position 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 worth $223,287,000 after acquiring an additional 2,504,054 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Rocket Lab Stock Performance

Shares of Rocket Lab stock opened at $62.98 on Friday. The business’s fifty day simple moving average is $54.88 and its 200 day simple moving average is $40.70. The firm has a market capitalization of $30.48 billion, a P/E ratio of -139.96 and a beta of 2.14. Rocket Lab has a 12 month low of $10.29 and a 12 month high of $73.97. 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 (NASDAQ:RKLB) last issued its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm 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 business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Rocket Lab will post -0.38 EPS 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.