HBW Advisory Services LLC Invests $227,000 in Rocket Lab Corporation $RKLB

Key Points

• HBW Advisory Services LLC invested approximately $227,000 in Rocket Lab Corporation by acquiring 6,357 shares during the second quarter.
• Rocket Lab reported negative earnings per share of ($0.13) for the last quarter, missing estimates, but had a revenue boost of 35.9% compared to the previous year.
• Several analysts have set optimistic price targets for Rocket Lab, with ratings indicating a consensus of "Moderate Buy" and an average target price of approximately $42.27.

HBW Advisory Services LLC bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,357 shares of the rocket manufacturer's stock, valued at approximately $227,000.

A number of other large investors have also modified their holdings of the business. Voya Investment Management LLC raised its stake in shares of Rocket Lab by 186.0% during the 1st quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer's stock worth $24,984,000 after buying an additional 908,808 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Rocket Lab by 9.6% during the 1st quarter. Rhumbline Advisers now owns 525,018 shares of the rocket manufacturer's stock worth $9,387,000 after buying an additional 45,889 shares in the last quarter. Strs Ohio purchased a new position in Rocket Lab in the 1st quarter valued at approximately $1,150,000. Intech Investment Management LLC increased its stake in Rocket Lab by 36.3% in the 1st quarter. Intech Investment Management LLC now owns 257,590 shares of the rocket manufacturer's stock valued at $4,606,000 after purchasing an additional 68,573 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Rocket Lab by 1.0% in the 1st quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer's stock valued at $1,206,000 after purchasing an additional 681 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Price Performance

Shares of NASDAQ:RKLB opened at $53.34 on Monday. Rocket Lab Corporation has a 52 week low of $6.91 and a 52 week high of $54.03. The company has a market cap of $25.57 billion, a P/E ratio of -118.53 and a beta of 2.17. 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 fifty day simple moving average of $45.25 and a 200-day simple moving average of $31.09.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its 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). The firm had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. Rocket Lab's revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price objective on shares of Rocket Lab in a research note on Wednesday, September 3rd. Citigroup reaffirmed a "buy" rating and issued a $50.00 price objective (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Stifel Nicolaus raised their price objective on Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. KeyCorp raised their price target on Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group assumed coverage on Rocket Lab in a research report on Monday, June 30th. They set a "neutral" rating and a $27.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Rocket Lab currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

Insider Activity at Rocket Lab

In related news, Director Merline Saintil sold 6,353 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total value of $212,063.14. Following the transaction, the director owned 419,569 shares in the company, valued at approximately $14,005,213.22. The trade was a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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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