Zevenbergen Capital Investments LLC Has $38.72 Million Holdings in Rocket Lab Corporation $RKLB

Key Points

• Zevenbergen Capital Investments LLC increased its stake in Rocket Lab Corporation by 538.1%, now owning over 1 million shares valued at approximately $38.7 million.
• Major institutional investors, including Vanguard Group Inc. and Invesco Ltd., have also significantly increased their holdings in Rocket Lab, indicating strong investor confidence.
• Analysts have a consensus rating of "Moderate Buy" for Rocket Lab, with price targets ranging from $42.27 to $55.00, reflecting optimism about the company's future performance.

Zevenbergen Capital Investments LLC lifted its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 538.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,082,356 shares of the rocket manufacturer's stock after acquiring an additional 912,726 shares during the period. Zevenbergen Capital Investments LLC owned approximately 0.24% of Rocket Lab worth $38,716,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of Rocket Lab by 118.1% in the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after acquiring an additional 860 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in Rocket Lab during the first quarter worth about $29,000. Farther Finance Advisors LLC lifted its position in Rocket Lab by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock worth $35,000 after purchasing an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC lifted its position in Rocket Lab by 100.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after purchasing an additional 1,000 shares during the period. Finally, National Bank of Canada FI lifted its position in Rocket Lab by 39.8% during the first quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock worth $56,000 after purchasing an additional 887 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a "buy" rating and set a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Craig Hallum assumed coverage on shares of Rocket Lab in a research report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective for the company. Cantor Fitzgerald upped their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. Finally, Bank of America upped their price objective on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

Rocket Lab Price Performance

Shares of RKLB stock traded up $4.91 on Friday, reaching $53.34. The company had a trading volume of 27,818,612 shares, compared to its average volume of 20,480,992. The stock has a market capitalization of $25.57 billion, a PE ratio of -118.53 and a beta of 2.17. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a one year low of $6.91 and a one year high of $54.03. The business's 50-day moving average is $45.25 and its 200 day moving average is $31.09.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its earnings results 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 company had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. During the same period last year, the company posted ($0.08) EPS. The firm's revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insider Activity

In other news, Director Merline Saintil sold 6,353 shares of the company'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 completion of the transaction, the director owned 419,569 shares of the company's stock, valued at $14,005,213.22. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 11.90% of the stock is owned by corporate insiders.

About Rocket Lab

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.