IFP Advisors Inc Has $82,000 Stake in Rocket Lab Corporation $RKLB

IFP Advisors Inc lifted its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 78.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,290 shares of the rocket manufacturer’s stock after buying an additional 1,008 shares during the quarter. IFP Advisors Inc’s holdings in Rocket Lab were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Blair William & Co. IL grew its position in shares of Rocket Lab by 7.9% during the 2nd quarter. Blair William & Co. IL now owns 202,772 shares of the rocket manufacturer’s stock worth $7,253,000 after buying an additional 14,799 shares during the period. Maryland State Retirement & Pension System acquired a new stake in shares of Rocket Lab during the 2nd quarter worth approximately $681,000. Clear Creek Financial Management LLC acquired a new stake in shares of Rocket Lab during the 2nd quarter worth approximately $1,454,000. Abel Hall LLC acquired a new stake in shares of Rocket Lab during the 2nd quarter worth approximately $239,000. Finally, KLP Kapitalforvaltning AS grew its position in shares of Rocket Lab by 25.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 80,600 shares of the rocket manufacturer’s stock worth $2,883,000 after buying an additional 16,300 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab Price Performance

RKLB opened at $66.27 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of -147.27 and a beta of 2.14. The firm’s fifty day moving average price is $50.68 and its two-hundred day moving average price is $37.54. Rocket Lab Corporation has a 1 year low of $10.29 and a 1 year high of $73.97.

Rocket Lab (NASDAQ:RKLB) last posted 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). The firm had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.Rocket Lab’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior 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 Corporation will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a research report on Thursday. Citigroup reissued a “buy” rating and issued a $50.00 price target (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Rocket Lab in a research report on Wednesday, September 3rd. Roth Capital reissued a “buy” rating on shares of Rocket Lab in a research report on Friday, August 29th. Finally, Cantor Fitzgerald lifted their price target on shares of Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.75.

Insider Activity

In other Rocket Lab news, CEO Peter Beck sold 1,436,442 shares of Rocket Lab stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the transaction, the chief executive officer directly owned 2,500,000 shares of the company’s stock, valued at $121,875,000. The trade was a 36.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Adam C. Spice sold 874,588 shares of Rocket Lab stock in a transaction on Friday, September 19th. The stock was sold at an average price of $48.01, for a total transaction of $41,988,969.88. Following the transaction, the chief financial officer directly owned 2,057,889 shares in the company, valued at $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,406,361 shares of company stock worth $267,483,973. Company insiders own 11.90% of the company’s stock.

Rocket Lab 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.