Rocket Lab Corporation $RKLB Shares Purchased by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Rocket Lab Corporation by 36.3%, now holding 257,590 shares valued at approximately $4.6 million.
• Multiple analysts have raised their price targets for Rocket Lab, with Stifel Nicolaus setting a new target at $55.00 and Citigroup increasing theirs to $50.00.
• Despite experiencing a net loss of ($0.13) earnings per share in the latest quarter, Rocket Lab's revenue increased by 35.9% year-over-year to $144.5 million.

Intech Investment Management LLC increased its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 36.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 257,590 shares of the rocket manufacturer's stock after purchasing an additional 68,573 shares during the period. Intech Investment Management LLC owned 0.06% of Rocket Lab worth $4,606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth increased its stake in Rocket Lab by 1.0% during the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer's stock worth $1,206,000 after purchasing an additional 681 shares during the period. Integrity Alliance LLC. acquired a new position in Rocket Lab in the first quarter valued at approximately $179,000. SCS Capital Management LLC acquired a new position in Rocket Lab in the first quarter valued at approximately $242,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Rocket Lab by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer's stock valued at $13,831,000 after acquiring an additional 90,758 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of Rocket Lab in the first quarter valued at approximately $671,000. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rocket Lab

In other news, Director Merline Saintil sold 6,353 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total value of $212,063.14. Following the completion of the transaction, the director owned 419,569 shares in the company, valued at $14,005,213.22. This trade represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Craig Hallum assumed coverage on Rocket Lab in a report on Monday, July 28th. They issued a "hold" rating and a $51.00 price objective for the company. Stifel Nicolaus upped their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald upped their price target on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Citigroup restated a "buy" rating and set a $50.00 price target (up previously from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $55.00 price target on shares of Rocket Lab in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Rocket Lab presently has an average rating of "Moderate Buy" and an average price target of $42.27.

Rocket Lab Trading Up 10.1%

NASDAQ:RKLB opened at $53.34 on Friday. The stock has a fifty day moving average price of $45.25 and a two-hundred day moving average price of $30.94. The stock has a market capitalization of $25.57 billion, a price-to-earnings ratio of -118.53 and a beta of 2.17. 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 1 year low of $6.91 and a 1 year high of $54.03.

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

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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