NTV Asset Management LLC Purchases New Shares in Rocket Lab Corporation $RKLB

Key Points

• NTV Asset Management LLC has acquired 8,275 shares of Rocket Lab Corporation (RKLB) valued at approximately $296,000 during the second quarter.
• A significant number of institutional investors have adjusted their holdings in Rocket Lab, collectively holding 71.78% of the company's stock.
• Research analysts have shown mixed sentiments, with price targets ranging from $30.00 to $55.00 and an overall average rating of "Moderate Buy."

NTV Asset Management LLC acquired a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,275 shares of the rocket manufacturer's stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RKLB. Kingstone Capital Partners Texas LLC bought a new stake in shares of Rocket Lab in the second quarter valued at about $192,918,000. Sender Co & Partners Inc. acquired a new stake in Rocket Lab in the 1st quarter worth about $621,000. McGuire Investment Group LLC boosted its holdings in Rocket Lab by 91.3% in the 2nd quarter. McGuire Investment Group LLC now owns 196,107 shares of the rocket manufacturer's stock valued at $7,015,000 after purchasing an additional 93,613 shares during the period. Royal Bank of Canada grew its position in shares of Rocket Lab by 6.4% during the 1st quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock worth $38,057,000 after purchasing an additional 128,907 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Rocket Lab by 186.0% during the first quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer's stock worth $24,984,000 after purchasing an additional 908,808 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald boosted their price target on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Rocket Lab in a report on Saturday, September 27th. Bank of America boosted their price target on Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Craig Hallum started coverage on shares of Rocket Lab in a research report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.27.

Rocket Lab Price Performance

RKLB stock opened at $56.16 on Friday. The company has a market capitalization of $27.18 billion, a P/E ratio of -124.80 and a beta of 2.14. The company has a fifty day moving average price of $46.61 and a 200-day moving average price of $34.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. Rocket Lab Corporation has a 52-week low of $8.99 and a 52-week high of $56.94.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings data 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 company 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%. The business's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Activity at Rocket Lab

In other Rocket Lab news, SVP Arjun Kampani sold 31,185 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total transaction of $1,527,129.45. Following the completion of the transaction, the senior vice president owned 499,045 shares in the company, valued at approximately $24,438,233.65. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Ocko sold 1,873,097 shares of the company's 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 directly owned 541,526 shares in the company, valued at approximately $26,101,553.20. This represents a 77.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,406,361 shares of company stock valued at $267,483,973 over the last ninety days. Insiders own 11.90% of the company's stock.

Rocket Lab 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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