Rocket Lab Corporation $RKLB Shares Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Rocket Lab Corporation by 190.2%, acquiring an additional 386,285 shares, resulting in a total ownership of 589,410 shares valued at approximately $10.54 million.
• Analysts have recently upgraded their ratings for Rocket Lab, with targets raised by firms such as Cantor Fitzgerald and Needham & Company, indicating strong market confidence and a consensus price target of $42.27.
• Despite a year-over-year revenue increase of 35.9%, Rocket Lab reported a quarterly loss of ($0.13) EPS, missing analysts' expectations, and has set guidance for a challenging fiscal year with anticipated EPS of -0.38.

Vident Advisory LLC raised its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 190.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 589,410 shares of the rocket manufacturer's stock after purchasing an additional 386,285 shares during the period. Vident Advisory LLC owned about 0.13% of Rocket Lab worth $10,539,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP acquired a new stake in Rocket Lab in the fourth quarter valued at $17,261,000. SG Americas Securities LLC increased its position in shares of Rocket Lab by 2,186.7% in the 1st quarter. SG Americas Securities LLC now owns 353,522 shares of the rocket manufacturer's stock worth $6,321,000 after purchasing an additional 338,062 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Rocket Lab by 52.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,652 shares of the rocket manufacturer's stock valued at $1,049,000 after purchasing an additional 20,076 shares in the last quarter. Smith Anglin Financial LLC lifted its position in shares of Rocket Lab by 132.1% during the first quarter. Smith Anglin Financial LLC now owns 27,261 shares of the rocket manufacturer's stock worth $487,000 after purchasing an additional 15,515 shares during the last quarter. Finally, Mizuho Markets Americas LLC grew its stake in Rocket Lab by 155.7% in the first quarter. Mizuho Markets Americas LLC now owns 785,471 shares of the rocket manufacturer's stock worth $14,044,000 after purchasing an additional 478,333 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on RKLB shares. Citigroup restated a "buy" rating and set a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Stifel Nicolaus boosted their price target on Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald upped their price target on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. KeyCorp raised their price objective on Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, The Goldman Sachs Group began coverage on shares of Rocket Lab in a research note on Monday, June 30th. They set a "neutral" rating and a $27.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.27.

Insiders Place Their Bets

In related news, Director Merline Saintil sold 6,353 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total value of $212,063.14. Following the sale, the director directly owned 419,569 shares in the company, valued at $14,005,213.22. This trade represents a 1.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arjun Kampani sold 5,194 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $155,820.00. Following the transaction, the insider owned 530,230 shares of the company's stock, valued at $15,906,900. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,040,446 shares of company stock valued at $27,247,305. Corporate insiders own 11.90% of the company's stock.

Rocket Lab Stock Performance

Shares of Rocket Lab stock traded up $0.69 during trading on Monday, hitting $48.60. 15,851,315 shares of the stock were exchanged, compared to its average volume of 20,560,366. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. Rocket Lab Corporation has a 12 month low of $5.74 and a 12 month high of $53.44. The stock's fifty day moving average is $43.05 and its 200 day moving average is $29.62. The stock has a market cap of $23.30 billion, a PE ratio of -108.00 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. During the same period in the previous year, the firm earned ($0.08) earnings per share. The company's revenue for the quarter was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current year.

Rocket Lab Company 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.