Wealth Architects LLC Has $757,000 Stock Position in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Wealth Architects LLC raised its position in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 25.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,731 shares of the rocket manufacturer’s stock after acquiring an additional 6,034 shares during the period. Wealth Architects LLC’s holdings in Rocket Lab USA were worth $757,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings in Rocket Lab USA by 46.8% in the 3rd quarter. Citigroup Inc. now owns 691,387 shares of the rocket manufacturer’s stock valued at $6,727,000 after acquiring an additional 220,432 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Rocket Lab USA by 22.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,878,357 shares of the rocket manufacturer’s stock valued at $28,006,000 after acquiring an additional 532,207 shares in the last quarter. Geode Capital Management LLC raised its holdings in Rocket Lab USA by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,253,035 shares of the rocket manufacturer’s stock valued at $80,317,000 after acquiring an additional 898,223 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Rocket Lab USA in the 3rd quarter valued at approximately $449,000. Finally, National Bank of Canada FI grew its stake in shares of Rocket Lab USA by 149.2% in the 3rd quarter. National Bank of Canada FI now owns 50,408 shares of the rocket manufacturer’s stock valued at $490,000 after purchasing an additional 30,178 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab USA Stock Up 7.1 %

NASDAQ:RKLB opened at $18.81 on Monday. The stock’s fifty day moving average price is $25.10 and its two-hundred day moving average price is $18.84. Rocket Lab USA, Inc. has a 52-week low of $3.47 and a 52-week high of $33.34. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. The company has a market cap of $8.53 billion, a price-to-earnings ratio of -50.84 and a beta of 2.06.

Rocket Lab USA (NASDAQ:RKLB) last posted its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share (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 firm had revenue of $132.39 million for the quarter, compared to analyst estimates of $130.58 million. On average, analysts anticipate that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

RKLB has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on Rocket Lab USA from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upped their price objective on Rocket Lab USA from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Morgan Stanley upped their price objective on Rocket Lab USA from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. TD Cowen upgraded Rocket Lab USA to a “strong-buy” rating in a research note on Monday, February 24th. Finally, Wells Fargo & Company lowered their price objective on Rocket Lab USA from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.06.

Rocket Lab USA 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.