Rocket Lab (NASDAQ:RKLB) Trading 2.1% Higher – Still a Buy?

Shares of Rocket Lab Corporation (NASDAQ:RKLB) shot up 2.1% on Friday . The company traded as high as $41.05 and last traded at $40.30. 18,767,479 shares changed hands during trading, a decline of 10% from the average session volume of 20,786,383 shares. The stock had previously closed at $39.48.

Analyst Ratings Changes

Several research firms have recently issued reports on RKLB. Cantor Fitzgerald increased their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Robert W. Baird began coverage on shares of Rocket Lab in a research report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Wall Street Zen upgraded Rocket Lab from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 target price (up previously from $65.00) on shares of Rocket Lab in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.17.

Rocket Lab Trading Up 2.1%

The company has a quick ratio of 2.83, a current ratio of 3.18 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $55.50 and its two-hundred day moving average is $43.30. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of -106.05 and a beta of 2.16.

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 the consensus estimate of ($0.05) by $0.02. The company had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Activity

In other news, CFO Adam C. Spice sold 874,588 shares of Rocket Lab stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $48.01, for a total value of $41,988,969.88. Following the transaction, the chief financial officer owned 2,057,889 shares of the company’s stock, valued at $98,799,250.89. The trade was a 29.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Arjun Kampani sold 31,185 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total transaction of $1,527,129.45. Following the sale, the senior vice president directly owned 499,045 shares of the company’s stock, valued at approximately $24,438,233.65. This represents 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 over the last quarter. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RKLB. Wilmington Savings Fund Society FSB acquired a new stake in shares of Rocket Lab during the third quarter worth $25,000. Hara Capital LLC purchased a new position in Rocket Lab in the 3rd quarter worth about $25,000. UMB Bank n.a. raised its holdings in Rocket Lab by 352.5% during the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after buying an additional 423 shares during the period. Sound Income Strategies LLC acquired a new stake in Rocket Lab during the 3rd quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after buying 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.