Rocket Lab USA, Inc. (NASDAQ:RKLB) Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 30.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 682,790 shares of the rocket manufacturer's stock after buying an additional 159,642 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Rocket Lab USA worth $17,391,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in shares of Rocket Lab USA by 134.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,290 shares of the rocket manufacturer's stock valued at $237,000 after purchasing an additional 5,325 shares during the period. KBC Group NV increased its position in Rocket Lab USA by 36.1% in the 4th quarter. KBC Group NV now owns 14,258 shares of the rocket manufacturer's stock valued at $363,000 after acquiring an additional 3,779 shares during the period. Capital Investment Advisory Services LLC bought a new stake in Rocket Lab USA during the 4th quarter valued at $207,000. New Millennium Group LLC boosted its position in Rocket Lab USA by 105.0% during the 4th quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer's stock worth $52,000 after acquiring an additional 1,050 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Rocket Lab USA by 0.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 79,943 shares of the rocket manufacturer's stock worth $2,187,000 after purchasing an additional 334 shares in the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Roth Capital boosted their price target on shares of Rocket Lab USA from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday. TD Cowen raised shares of Rocket Lab USA to a "strong-buy" rating in a research note on Monday, February 24th. Needham & Company LLC raised their price objective on shares of Rocket Lab USA from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Wells Fargo & Company dropped their target price on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Rocket Lab USA presently has an average rating of "Moderate Buy" and a consensus price target of $25.18.

Rocket Lab USA Price Performance

Rocket Lab USA stock traded down $0.70 during mid-day trading on Friday, hitting $26.65. The company's stock had a trading volume of 12,664,618 shares, compared to its average volume of 16,378,147. The stock has a market capitalization of $12.09 billion, a P/E ratio of -72.03 and a beta of 2.04. Rocket Lab USA, Inc. has a twelve month low of $4.20 and a twelve month high of $33.34. The stock's fifty day moving average price is $21.73 and its two-hundred day moving average price is $23.44. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97.

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

Insider Buying and Selling

In other news, insider Frank Klein sold 44,553 shares of Rocket Lab USA stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $18.18, for a total value of $809,973.54. Following the transaction, the insider now directly owns 1,419,479 shares of the company's stock, valued at $25,806,128.22. This trade represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Arjun Kampani sold 5,277 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $29.97, for a total transaction of $158,151.69. Following the completion of the sale, the insider now owns 569,606 shares of the company's stock, valued at approximately $17,071,091.82. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,234 shares of company stock valued at $1,081,690. 13.70% of the stock is owned by corporate insiders.

About Rocket Lab USA

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.