SCS Capital Management LLC Takes $242,000 Position in Rocket Lab Corporation $RKLB

Key Points

• SCS Capital Management LLC has acquired a new stake in Rocket Lab Corporation, purchasing 13,539 shares valued at approximately $242,000.
• Vanguard Group Inc. increased its holdings in Rocket Lab by 10.6%, now owning over 40 million shares valued at nearly $715.7 million.
• Rocket Lab missed earnings expectations with a report of (-$0.13) earnings per share, missing the consensus estimate of (-$0.07), despite a revenue increase of 35.9% year-over-year.

SCS Capital Management LLC acquired a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,539 shares of the rocket manufacturer's stock, valued at approximately $242,000.

Several other hedge funds have also recently made changes to their positions in RKLB. Vanguard Group Inc. raised its holdings in shares of Rocket Lab by 10.6% during the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock valued at $715,728,000 after purchasing an additional 3,833,969 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Rocket Lab during the fourth quarter valued at approximately $72,623,000. Two Sigma Investments LP purchased a new stake in Rocket Lab during the fourth quarter valued at approximately $47,074,000. Invesco Ltd. increased its holdings in Rocket Lab by 56.1% during the first quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock valued at $66,840,000 after buying an additional 1,343,518 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Rocket Lab during the first quarter valued at approximately $23,964,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rocket Lab news, Director Merline Saintil sold 6,353 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.90% of the stock is owned by company insiders.

Rocket Lab Price Performance

Shares of NASDAQ:RKLB opened at $53.34 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The firm has a fifty day moving average price of $45.25 and a 200 day moving average price of $30.94. Rocket Lab Corporation has a fifty-two week low of $6.91 and a fifty-two week high of $54.03. The firm has a market cap of $25.57 billion, a price-to-earnings ratio of -118.53 and a beta of 2.17.

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). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company had revenue of $144.50 million for the quarter, compared to the consensus estimate of $135.42 million. During the same quarter in the prior year, the company posted ($0.08) EPS. Rocket Lab'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, sell-side analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of Rocket Lab in a report on Wednesday, September 3rd. Craig Hallum assumed coverage on shares of Rocket Lab in a report on Monday, July 28th. They set a "hold" rating and a $51.00 target price for the company. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. Citigroup reaffirmed a "buy" rating and set a $50.00 target price (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Stifel Nicolaus upped 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 and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

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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