Deutsche Bank AG Acquires 112,569 Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB)

Deutsche Bank AG boosted its stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 58.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,483 shares of the rocket manufacturer's stock after buying an additional 112,569 shares during the period. Deutsche Bank AG owned 0.06% of Rocket Lab USA worth $7,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Udine Wealth Management Inc. bought a new position in shares of Rocket Lab USA during the 4th quarter worth approximately $1,342,000. Van ECK Associates Corp grew its holdings in Rocket Lab USA by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 166,369 shares of the rocket manufacturer's stock worth $4,237,000 after purchasing an additional 35,293 shares during the last quarter. AlphaCentric Advisors LLC increased its position in shares of Rocket Lab USA by 66.7% during the fourth quarter. AlphaCentric Advisors LLC now owns 25,000 shares of the rocket manufacturer's stock worth $637,000 after purchasing an additional 10,000 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Rocket Lab USA during the 4th quarter valued at $1,281,000. Finally, Empowered Funds LLC acquired a new stake in shares of Rocket Lab USA in the 4th quarter worth $288,000. Institutional investors own 71.78% of the company's stock.

Insider Transactions at Rocket Lab USA

In related news, insider Frank Klein sold 1,835 shares of the 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 sale, the insider now directly owns 1,417,644 shares of the company's stock, valued at approximately $28,253,644.92. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.70% of the company's stock.

Rocket Lab USA Price Performance

NASDAQ:RKLB opened at $25.57 on Friday. The firm's fifty day moving average is $20.19 and its two-hundred day moving average is $22.48. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of -69.11 and a beta of 2.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. Rocket Lab USA, Inc. has a one year low of $4.15 and a one year high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last issued its earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). The company had revenue of $122.57 million during the quarter, compared to analysts' expectations of $120.74 million. Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The firm's quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) EPS. Research analysts expect that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RKLB shares. Citigroup reduced their target price on Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Morgan Stanley upped 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. Needham & Company LLC reiterated a "buy" rating and issued a $28.00 target price on shares of Rocket Lab USA in a research note on Tuesday, May 13th. The Goldman Sachs Group upped their price target on shares of Rocket Lab USA from $14.35 to $16.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Finally, KeyCorp decreased their price target on shares of Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.

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.

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