Universal Beteiligungs und Servicegesellschaft mbH Takes $4.13 Million Position in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 162,294 shares of the rocket manufacturer's stock, valued at approximately $4,134,000.

Other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Rocket Lab USA during the fourth quarter worth about $84,000. Sunbelt Securities Inc. lifted its stake in Rocket Lab USA by 911.9% during the 4th quarter. Sunbelt Securities Inc. now owns 5,717 shares of the rocket manufacturer's stock valued at $150,000 after acquiring an additional 5,152 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Rocket Lab USA by 30.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,790 shares of the rocket manufacturer's stock valued at $17,391,000 after acquiring an additional 159,642 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Rocket Lab USA in the fourth quarter worth $22,331,000. Finally, Vident Advisory LLC raised its holdings in shares of Rocket Lab USA by 8.8% during the fourth quarter. Vident Advisory LLC now owns 203,125 shares of the rocket manufacturer's stock worth $5,174,000 after purchasing an additional 16,396 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley upped their price target on shares of Rocket Lab USA from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. KeyCorp dropped their target price on Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Wells Fargo & Company decreased their price target on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. TD Cowen upgraded Rocket Lab USA to a "strong-buy" rating in a research report on Monday, February 24th. Finally, Needham & Company LLC increased their price target on Rocket Lab USA from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $25.18.

Insiders Place Their Bets

In other news, insider Frank Klein sold 44,553 shares of Rocket Lab USA stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $18.18, for a total value of $809,973.54. Following the sale, the insider now owns 1,419,479 shares of the company's stock, valued at $25,806,128.22. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arjun Kampani sold 5,277 shares of the firm's stock in a transaction dated 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. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,234 shares of company stock valued at $1,081,690 over the last quarter. Company insiders own 13.70% of the company's stock.

Rocket Lab USA Stock Up 0.5%

Shares of Rocket Lab USA stock traded up $0.12 on Tuesday, reaching $26.72. 12,149,834 shares of the company were exchanged, compared to its average volume of 16,338,980. The stock's 50 day moving average price is $21.87 and its 200-day moving average price is $23.49. The company has a market cap of $12.12 billion, a P/E ratio of -72.21 and a beta of 2.04. Rocket Lab USA, Inc. has a 1-year low of $4.20 and a 1-year high of $33.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last posted its earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share 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 business had revenue of $122.57 million for the quarter, compared to analysts' expectations of $120.74 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. Rocket Lab USA's revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, equities analysts forecast that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.

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.