Wall Street Zen Upgrades Rocket Lab (NASDAQ:RKLB) to “Hold”

Rocket Lab (NASDAQ:RKLB) was upgraded by Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Craig Hallum assumed coverage on Rocket Lab in a report on Monday, July 28th. They set a “hold” rating and a $51.00 price target for the company. Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Morgan Stanley reduced their price target on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, KeyCorp upped their price objective on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rocket Lab has a consensus rating of “Moderate Buy” and a consensus target price of $57.33.

Rocket Lab Stock Performance

Rocket Lab stock opened at $45.54 on Friday. The stock has a market cap of $22.04 billion, a price-to-earnings ratio of -119.84 and a beta of 2.16. The stock’s 50 day simple moving average is $55.90 and its two-hundred day simple moving average is $42.75. Rocket Lab has a fifty-two week low of $14.71 and a fifty-two week high of $73.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.33 and a current ratio of 3.18.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The business had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, analysts expect that Rocket Lab will post -0.38 earnings per share for the current fiscal year.

Insider Activity at Rocket Lab

In other Rocket Lab news, CEO Peter Beck sold 1,436,442 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the sale, the chief executive officer owned 2,500,000 shares of the company’s stock, valued at approximately $121,875,000. The trade was a 36.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Arjun Kampani sold 31,185 shares of Rocket Lab stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $1,527,129.45. Following the transaction, the senior vice president directly owned 499,045 shares in the company, valued at approximately $24,438,233.65. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,406,361 shares of company stock valued at $267,483,973 in the last ninety days. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RKLB. Wilmington Savings Fund Society FSB purchased a new stake in Rocket Lab in the 3rd quarter worth $25,000. Hara Capital LLC purchased a new stake in shares of Rocket Lab during the third quarter worth about $25,000. UMB Bank n.a. raised its stake in Rocket Lab by 352.5% during the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock valued at $26,000 after purchasing an additional 423 shares during the period. Sound Income Strategies LLC bought a new stake in Rocket Lab during the 3rd quarter valued at approximately $27,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

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.