Marshall Wace LLP Acquires Shares of 12,630 Rocket Lab USA, Inc. (NASDAQ:RKLB)

Marshall Wace LLP purchased a new stake in shares of 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. The fund purchased 12,630 shares of the rocket manufacturer's stock, valued at approximately $322,000.

A number of other large investors have also made changes to their positions in the company. Udine Wealth Management Inc. bought a new position in shares of Rocket Lab USA in the fourth quarter worth approximately $1,342,000. Van ECK Associates Corp increased its position in Rocket Lab USA by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 166,369 shares of the rocket manufacturer's stock worth $4,237,000 after purchasing an additional 35,293 shares during the last quarter. AlphaCentric Advisors LLC raised its position in shares of Rocket Lab USA by 66.7% during the 4th quarter. AlphaCentric Advisors LLC now owns 25,000 shares of the rocket manufacturer's stock valued at $637,000 after buying an additional 10,000 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Rocket Lab USA during the 4th quarter valued at $1,281,000. Finally, Empowered Funds LLC bought a new position in shares of Rocket Lab USA during the fourth quarter valued at approximately $288,000. 71.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Rocket Lab USA

In other news, insider Frank Klein sold 1,835 shares of Rocket Lab USA stock in a transaction dated 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 in the company, valued at $28,253,644.92. This trade represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RKLB. Citigroup decreased their target price on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Morgan Stanley upped their price objective 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. The Goldman Sachs Group lifted their target price on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. TD Cowen upgraded shares of Rocket Lab USA to a "strong-buy" rating in a research note on Monday, February 24th. Finally, Wells Fargo & Company lowered their price objective 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. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.25.

Rocket Lab USA Stock Performance

Shares of NASDAQ RKLB traded down $0.10 during trading on Wednesday, reaching $22.27. 7,722,292 shares of the company traded hands, compared to its average volume of 15,511,714. The stock has a market cap of $10.10 billion, a P/E ratio of -60.18 and a beta of 2.04. The firm's fifty day simple moving average is $19.53 and its 200 day simple moving average is $21.83. 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 $3.82 and a 12-month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last posted its earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The firm had revenue of $132.39 million during the quarter, compared to analyst estimates of $130.58 million. As a group, research analysts anticipate that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal 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.