Rocket Lab Corporation (NASDAQ:RKLB) Given Average Rating of “Moderate Buy” by Analysts

Shares of Rocket Lab Corporation (NASDAQ:RKLB) have been assigned an average rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $102.7647.

A number of equities analysts have recently issued reports on the stock. Clear Str raised shares of Rocket Lab to a “strong-buy” rating in a research report on Wednesday, March 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. BTIG Research restated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company began coverage on shares of Rocket Lab in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price target for the company.

Rocket Lab Price Performance

Shares of NASDAQ RKLB opened at $107.24 on Monday. Rocket Lab has a twelve month low of $27.84 and a twelve month high of $151.00. The business’s 50 day moving average price is $105.58 and its two-hundred day moving average price is $83.61. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. The company has a market cap of $62.07 billion, a PE ratio of -335.13 and a beta of 2.48.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The business had revenue of $200.35 million during the quarter, compared to analysts’ expectations of $189.65 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The firm’s revenue for the quarter was up 63.4% compared to the same quarter last year. On average, analysts predict that Rocket Lab will post -0.29 EPS for the current year.

Trending Headlines about Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Rocket Lab is being added to the Nasdaq-100, a move that could bring steady institutional buying from passive funds and ETFs tracking the index. Why Rocket Lab’s Nasdaq-100 Moment Could Change the Story
• Positive Sentiment: The company passed a key SDA review, supporting the credibility of its space systems and defense business expansion. Rocket Lab (RKLB) Passes Key SDA Review As Nasdaq 100 Inclusion Reshapes Its Story
• Positive Sentiment: Recent commentary continues to highlight Rocket Lab’s strong fundamentals, including record quarterly revenue and a large backlog, which support the long-term growth narrative. Rocket Lab (RKLB) Stock Falls 30% Despite Record Q1 Results and Nasdaq-100 Entry
• Neutral Sentiment: Analyst and media commentary continues to frame RKLB as a high-growth space stock with meaningful upside, but also a relatively rich valuation after a sharp run. Price Prediction: Rocket Lab Will Hit $150 on This Date
• Negative Sentiment: SVP Arjun Kampani sold 88,000 shares worth about $9.5 million, and the insider sale has added to profit-taking concerns. Rocket Lab (NASDAQ:RKLB) SVP Sells 88,000 Shares

Insider Activity

In other news, CFO Adam C. Spice sold 62,744 shares of Rocket Lab stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total transaction of $8,945,412.08. Following the completion of the sale, the chief financial officer directly owned 983,049 shares of the company’s stock, valued at approximately $140,153,295.93. The trade was a 6.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Arjun Kampani sold 88,000 shares of Rocket Lab stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $107.98, for a total transaction of $9,502,240.00. Following the sale, the senior vice president directly owned 264,705 shares of the company’s stock, valued at $28,582,845.90. This represents a 24.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 573,515 shares of company stock valued at $76,412,122 in the last quarter. 8.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rocket Lab

A number of hedge funds have recently modified their holdings of RKLB. Sara Bay Financial increased its stake in Rocket Lab by 0.7% in the 4th quarter. Sara Bay Financial now owns 15,905 shares of the rocket manufacturer’s stock worth $1,121,000 after acquiring an additional 117 shares during the last quarter. ORG Partners LLC increased its stake in Rocket Lab by 9.1% in the 4th quarter. ORG Partners LLC now owns 1,458 shares of the rocket manufacturer’s stock worth $102,000 after acquiring an additional 121 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in Rocket Lab by 7.1% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock worth $120,000 after acquiring an additional 124 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in Rocket Lab by 3.9% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock worth $213,000 after acquiring an additional 125 shares during the last quarter. Finally, Traynor Capital Management Inc. increased its stake in Rocket Lab by 1.9% in the 4th quarter. Traynor Capital Management Inc. now owns 7,191 shares of the rocket manufacturer’s stock worth $502,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Rocket Lab Company 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.