Signaturefd LLC Boosts Stake in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Signaturefd LLC increased its stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) by 12.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,014 shares of the rocket manufacturer’s stock after purchasing an additional 653 shares during the period. Signaturefd LLC’s holdings in Rocket Lab USA were worth $153,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Spectrum Wealth Counsel LLC purchased a new position in shares of Rocket Lab USA during the 4th quarter worth approximately $25,000. Wingate Wealth Advisors Inc. acquired a new stake in Rocket Lab USA during the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC lifted its holdings in Rocket Lab USA by 1,565.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,015 shares of the rocket manufacturer’s stock worth $53,000 after buying an additional 1,894 shares in the last quarter. AlphaQuest LLC acquired a new stake in Rocket Lab USA during the 4th quarter worth approximately $52,000. Finally, New Millennium Group LLC lifted its holdings in Rocket Lab USA by 105.0% during the 4th quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer’s stock worth $52,000 after buying an additional 1,050 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Insiders Place Their Bets

In other Rocket Lab USA news, insider Frank Klein sold 1,835 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $19.93, for a total transaction of $36,571.55. Following the transaction, the insider now directly owns 1,417,644 shares of the company’s stock, valued at approximately $28,253,644.92. This trade represents a 0.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 13.70% of the stock is currently owned by insiders.

Rocket Lab USA Price Performance

Shares of NASDAQ:RKLB opened at $18.94 on Friday. The company’s fifty day moving average price is $24.20 and its 200 day moving average price is $19.18. Rocket Lab USA, Inc. has a 12 month low of $3.47 and a 12 month high of $33.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16. The firm has a market capitalization of $8.59 billion, a P/E ratio of -51.19 and a beta of 2.06.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The company had revenue of $132.39 million for the quarter, compared to analyst estimates of $130.58 million. As a group, sell-side analysts predict that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen upgraded shares of Rocket Lab USA to a “strong-buy” rating in a report on Monday, February 24th. Citigroup reduced their target price on shares of Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 28th. KeyCorp reduced their price objective on shares of Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Stifel Nicolaus raised their price objective on shares of Rocket Lab USA from $26.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley raised their price objective on shares of Rocket Lab USA from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.06.

Rocket Lab USA 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.