Teamwork Financial Advisors LLC Takes $379,000 Position in Rocket Lab Corporation $RKLB

Key Points

• Teamwork Financial Advisors LLC acquired 10,590 shares of Rocket Lab Corporation, valued at about $379,000, in their recent SEC filing.
• Institutional investors now own 71.78% of Rocket Lab's stock, with notable increases in positions from Zevenbergen Capital Investments LLC and Voya Investment Management LLC.
• Analyst ratings for Rocket Lab include several buy ratings and a consensus price target of $42.27, despite the company reporting a negative earnings per share (EPS) for the last quarter.

Teamwork Financial Advisors LLC acquired a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,590 shares of the rocket manufacturer's stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Zevenbergen Capital Investments LLC raised its stake in shares of Rocket Lab by 538.1% during the second quarter. Zevenbergen Capital Investments LLC now owns 1,082,356 shares of the rocket manufacturer's stock valued at $38,716,000 after purchasing an additional 912,726 shares in the last quarter. HBW Advisory Services LLC bought a new stake in shares of Rocket Lab during the second quarter valued at about $227,000. Voya Investment Management LLC raised its stake 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 valued at $24,984,000 after purchasing an additional 908,808 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Rocket Lab by 9.6% during the first quarter. Rhumbline Advisers now owns 525,018 shares of the rocket manufacturer's stock valued at $9,387,000 after purchasing an additional 45,889 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Rocket Lab during the first quarter valued at about $1,150,000. 71.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RKLB has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. 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 started coverage on Rocket Lab in a report on Monday, July 28th. They set a "hold" rating and a $51.00 target price on the stock. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. Finally, Bank of America lifted their target price on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. One investment 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 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.

Rocket Lab Stock Up 10.1%

NASDAQ RKLB traded up $4.91 during trading on Friday, reaching $53.34. 27,818,612 shares of the company's stock were exchanged, compared to its average volume of 20,480,992. 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 capitalization of $25.57 billion, a PE ratio of -118.53 and a beta of 2.17. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The company's fifty day simple moving average is $45.25 and its 200-day simple moving average is $31.09.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS 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 business had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The company's revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Buying and Selling

In other Rocket Lab news, Director Merline Saintil sold 6,353 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total transaction of $212,063.14. Following the completion of the sale, the director directly owned 419,569 shares in the company, valued at approximately $14,005,213.22. This trade represents a 1.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.