Nomura Holdings Inc. Makes New Investment in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Nomura Holdings Inc. purchased a new stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 52,578 shares of the rocket manufacturer's stock, valued at approximately $1,339,000.

Other hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its holdings in Rocket Lab USA by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 79,943 shares of the rocket manufacturer's stock worth $2,187,000 after acquiring an additional 334 shares during the period. Wellington Shields & Co. LLC lifted its position in shares of Rocket Lab USA by 0.5% during the 4th quarter. Wellington Shields & Co. LLC now owns 74,522 shares of the rocket manufacturer's stock worth $1,898,000 after purchasing an additional 383 shares during the last quarter. Signaturefd LLC boosted its stake in Rocket Lab USA by 12.2% during the 4th quarter. Signaturefd LLC now owns 6,014 shares of the rocket manufacturer's stock valued at $153,000 after purchasing an additional 653 shares during the period. Envestnet Asset Management Inc. grew its holdings in Rocket Lab USA by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,747 shares of the rocket manufacturer's stock valued at $554,000 after buying an additional 696 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Rocket Lab USA by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 15,078 shares of the rocket manufacturer's stock valued at $384,000 after buying an additional 746 shares during the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on RKLB. Needham & Company LLC reaffirmed a "buy" rating and set a $28.00 target price on shares of Rocket Lab USA in a research report on Tuesday, May 13th. Morgan Stanley increased their target price 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. Citigroup lowered their price target on Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. TD Cowen upgraded Rocket Lab USA to a "strong-buy" rating in a research report on Monday, February 24th. Finally, Wells Fargo & Company lowered their price objective on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. 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 stock. According to data from MarketBeat.com, Rocket Lab USA presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.

Rocket Lab USA Stock Performance

Rocket Lab USA stock traded up $0.23 during midday trading on Monday, reaching $25.80. 17,245,232 shares of the company's stock were exchanged, compared to its average volume of 15,919,003. The stock's 50-day simple moving average is $20.19 and its 200 day simple moving average is $22.57. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of -69.73 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 52 week low of $4.15 and a 52 week high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) earnings per share. On average, analysts expect that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal year.

Insider Transactions at Rocket Lab USA

In related news, insider Frank Klein sold 1,835 shares of the firm'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 sale, the insider now owns 1,417,644 shares of the company's stock, valued at $28,253,644.92. This trade represents a 0.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.70% of the stock is currently owned by insiders.

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.