Cantor Fitzgerald L. P. Buys Shares of 73,850 Rocket Lab USA, Inc. (NASDAQ:RKLB)

Cantor Fitzgerald L. P. purchased a new position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 73,850 shares of the rocket manufacturer's stock, valued at approximately $1,881,000.

A number of other institutional investors have also recently bought and sold shares of RKLB. FMR LLC boosted its holdings in shares of Rocket Lab USA by 30,853.3% during the fourth quarter. FMR LLC now owns 3,696,136 shares of the rocket manufacturer's stock worth $94,141,000 after acquiring an additional 3,684,195 shares during the period. BNP Paribas Financial Markets acquired a new position in Rocket Lab USA in the 4th quarter valued at $56,977,000. Renaissance Technologies LLC increased its position in Rocket Lab USA by 1,765.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,818,800 shares of the rocket manufacturer's stock worth $46,325,000 after buying an additional 1,721,300 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Rocket Lab USA by 3,592.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,534,265 shares of the rocket manufacturer's stock worth $39,477,000 after buying an additional 1,492,708 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Rocket Lab USA in the fourth quarter valued at about $31,601,000. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab USA Stock Performance

Shares of NASDAQ RKLB traded down $0.10 during midday trading on Wednesday, reaching $22.27. The company's stock had a trading volume of 7,722,292 shares, compared to its average volume of 15,511,714. 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 stock has a market capitalization of $10.10 billion, a P/E ratio of -60.18 and a beta of 2.04. The firm has a 50 day moving average price of $19.57 and a 200-day moving average price of $21.83. Rocket Lab USA, Inc. has a 12-month low of $3.82 and a 12-month high of $33.34.

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

Analyst Upgrades and Downgrades

RKLB has been the subject of a number of recent analyst reports. TD Cowen upgraded Rocket Lab USA to a "strong-buy" rating in a research report on Monday, February 24th. Stifel Nicolaus raised their target price 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. The Goldman Sachs Group upped their price target on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Morgan Stanley lifted 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 research note on Monday, March 10th. Finally, Needham & Company LLC began coverage on shares of Rocket Lab USA in a research report on Friday, April 25th. They set a "buy" rating and a $28.00 price objective for the company. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.25.

Insider Buying and Selling at Rocket Lab USA

In other news, insider Frank Klein sold 1,835 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $19.93, for a total transaction of $36,571.55. Following the transaction, the insider now owns 1,417,644 shares of the company's stock, valued at $28,253,644.92. This represents a 0.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.70% of the company's stock.

About Rocket Lab USA

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.