Two Sigma Investments LP Makes New Investment in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Two Sigma Investments LP purchased a new position in Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,848,210 shares of the rocket manufacturer's stock, valued at approximately $47,074,000. Two Sigma Investments LP owned 0.37% of Rocket Lab USA at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Spectrum Wealth Counsel LLC bought a new position in shares of Rocket Lab USA during the 4th quarter worth about $25,000. Sandy Spring Bank acquired a new position in Rocket Lab USA during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Rocket Lab USA in the fourth quarter worth approximately $40,000. Quarry LP bought a new position in Rocket Lab USA in the fourth quarter worth approximately $48,000. Finally, NewEdge Advisors LLC grew its stake in Rocket Lab USA by 1,000.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer's stock valued at $49,000 after acquiring an additional 1,750 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab USA Price Performance

Shares of NASDAQ RKLB traded up $0.65 during midday trading on Thursday, hitting $25.82. 18,591,477 shares of the company's stock were exchanged, compared to its average volume of 16,024,913. The business's fifty day moving average price is $20.64 and its two-hundred day moving average price is $22.71. The company has a market cap of $11.71 billion, a price-to-earnings ratio of -69.78 and a beta of 2.04. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. Rocket Lab USA, Inc. has a 12-month low of $4.15 and a 12-month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last announced its earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The company had revenue of $122.57 million during the quarter, compared to analysts' expectations of $120.74 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The firm's revenue was up 32.1% on a year-over-year basis. As a group, research analysts forecast that Rocket Lab USA, Inc. will post -0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RKLB has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reissued a "buy" rating and set a $28.00 target price on shares of Rocket Lab USA in a research report on Tuesday, May 13th. Citigroup lowered their target price on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a report on Friday, February 28th. TD Cowen raised shares of Rocket Lab USA to a "strong-buy" rating in a research report on Monday, February 24th. Finally, Morgan Stanley lifted their price target on 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. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Rocket Lab USA has a consensus rating of "Moderate Buy" and an average target price of $23.50.

Insider Buying and Selling at Rocket Lab USA

In other Rocket Lab USA news, insider Frank Klein sold 1,835 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $19.93, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.70% of the company's stock.

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.