Yeomans Consulting Group Inc. Takes Position in Rocket Lab Corporation $RKLB

Yeomans Consulting Group Inc. purchased a new stake in Rocket Lab Corporation (NASDAQ:RKLB) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,365 shares of the rocket manufacturer’s stock, valued at approximately $449,000.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of Rocket Lab by 145.5% in the 3rd quarter. CWM LLC now owns 20,844 shares of the rocket manufacturer’s stock valued at $999,000 after purchasing an additional 12,353 shares during the last quarter. Busey Bank bought a new position in shares of Rocket Lab during the 3rd quarter valued at approximately $240,000. Cadent Capital Advisors LLC purchased a new stake in Rocket Lab during the 3rd quarter valued at $668,000. Harbor Capital Advisors Inc. bought a new stake in Rocket Lab in the third quarter worth $862,000. Finally, World Investment Advisors bought a new stake in Rocket Lab in the third quarter worth $394,000. 71.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on RKLB. Wall Street Zen downgraded shares of Rocket Lab from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Baird R W upgraded shares of Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Bank of America raised their price objective on shares of Rocket Lab from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Rocket Lab presently has an average rating of “Moderate Buy” and an average target price of $61.25.

Rocket Lab Stock Performance

Shares of NASDAQ:RKLB opened at $76.55 on Friday. The firm’s 50 day simple moving average is $55.27 and its 200-day simple moving average is $48.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.83 and a current ratio of 3.18. Rocket Lab Corporation has a one year low of $14.71 and a one year high of $79.83. The firm has a market cap of $40.89 billion, a PE ratio of -201.45 and a beta of 2.20.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $155.08 million during the quarter, compared to analyst estimates of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.Rocket Lab’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) earnings per share. As a group, equities analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Buying and Selling at Rocket Lab

In other news, Director Nina Armagno sold 27,314 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $68.21, for a total transaction of $1,863,087.94. Following the transaction, the director owned 108,940 shares in the company, valued at approximately $7,430,797.40. This trade represents a 20.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Peter Beck sold 1,560,254 shares of Rocket Lab stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $57.47, for a total value of $89,667,797.38. Following the completion of the sale, the chief executive officer owned 939,746 shares of the company’s stock, valued at $54,007,202.62. The trade was a 62.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,729,485 shares of company stock worth $151,832,870. Insiders own 11.90% of the company’s stock.

Rocket Lab Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.