FNY Investment Advisers LLC Purchases 17,331 Shares of Rocket Lab Corporation $RKLB

Key Points

• FNY Investment Advisers LLC increased its holdings in Rocket Lab Corporation by 330.2% during the 2nd quarter, acquiring an additional 17,331 shares, bringing their total to 22,580 shares worth approximately $807,000.
• Institutional ownership of Rocket Lab stands at 71.78%, with significant investments from firms like Vanguard Group and Invesco Ltd., who increased their stakes by 10.6% and 56.1%, respectively, in recent quarters.
• Analysts have set varied price targets for Rocket Lab, with Morgan Stanley raising its target to $68.00, while the consensus price target is currently $51.75, reflecting a generally positive outlook for the stock.

FNY Investment Advisers LLC boosted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 330.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,580 shares of the rocket manufacturer's stock after purchasing an additional 17,331 shares during the quarter. FNY Investment Advisers LLC's holdings in Rocket Lab were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RKLB. Kingstone Capital Partners Texas LLC bought a new stake in Rocket Lab during the 2nd quarter worth about $192,918,000. Vanguard Group Inc. raised its holdings in Rocket Lab by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after purchasing an additional 3,833,969 shares during the last quarter. Invesco Ltd. raised its holdings in Rocket Lab by 56.1% during the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock worth $66,840,000 after purchasing an additional 1,343,518 shares during the last quarter. Nuveen LLC bought a new stake in Rocket Lab during the 1st quarter worth about $23,964,000. Finally, Zevenbergen Capital Investments LLC raised its holdings in Rocket Lab by 538.1% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 1,082,356 shares of the rocket manufacturer's stock worth $38,716,000 after purchasing an additional 912,726 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on RKLB. Morgan Stanley boosted their price objective on Rocket Lab from $20.00 to $68.00 and gave the stock an "equal weight" rating in a report on Monday, October 13th. Citigroup reaffirmed a "buy" rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Craig Hallum started coverage on Rocket Lab in a research note on Monday, July 28th. They issued a "hold" rating and a $51.00 price target for the company. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a research note on Friday, August 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $51.75.

Rocket Lab Trading Down 2.9%

NASDAQ:RKLB opened at $65.40 on Wednesday. Rocket Lab Corporation has a twelve month low of $10.29 and a twelve month high of $73.97. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $51.57 and a two-hundred day moving average price of $38.09. The company has a market cap of $31.65 billion, a P/E ratio of -145.33 and a beta of 2.14.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. During the same period last year, the company earned ($0.08) EPS. The company's revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insider Activity at Rocket Lab

In related news, CEO Peter Beck sold 1,436,442 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total value of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares of the company's stock, valued at approximately $121,875,000. This trade represents a 36.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Ocko sold 1,873,097 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the completion of the sale, the director owned 541,526 shares of the company's stock, valued at approximately $26,101,553.20. This represents a 77.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,406,361 shares of company stock worth $267,483,973. Insiders own 11.90% of the company's stock.

About Rocket Lab

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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