Mercer Global Advisors Inc. ADV Has $1.73 Million Holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Mercer Global Advisors Inc. ADV increased its position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 142.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,801 shares of the rocket manufacturer's stock after buying an additional 39,832 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Rocket Lab USA were worth $1,727,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RKLB. Chicago Partners Investment Group LLC raised its position in shares of Rocket Lab USA by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 79,943 shares of the rocket manufacturer's stock worth $2,187,000 after acquiring an additional 334 shares in the last quarter. Wellington Shields & Co. LLC increased its holdings in Rocket Lab USA by 0.5% in the fourth quarter. Wellington Shields & Co. LLC now owns 74,522 shares of the rocket manufacturer's stock worth $1,898,000 after purchasing an additional 383 shares in the last quarter. Signaturefd LLC lifted its stake in Rocket Lab USA by 12.2% in the fourth quarter. Signaturefd LLC now owns 6,014 shares of the rocket manufacturer's stock valued at $153,000 after buying an additional 653 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Rocket Lab USA by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 21,747 shares of the rocket manufacturer's stock worth $554,000 after buying an additional 696 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Rocket Lab USA by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 15,078 shares of the rocket manufacturer's stock worth $384,000 after buying an additional 746 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Insider Buying and Selling

In other Rocket Lab USA news, insider Frank Klein sold 1,835 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $19.93, for a total value of $36,571.55. Following the sale, the insider now directly owns 1,417,644 shares in the company, valued at $28,253,644.92. The trade was a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Rocket Lab USA from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Needham & Company LLC initiated coverage on shares of Rocket Lab USA in a report on Friday, April 25th. They set a "buy" rating and a $28.00 price objective on the stock. KeyCorp reduced their target price on Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. The Goldman Sachs Group upped their price target on Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Finally, TD Cowen raised Rocket Lab USA to a "strong-buy" rating in a research note on Monday, February 24th. 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.25.

Rocket Lab USA Price Performance

Shares of NASDAQ:RKLB opened at $22.27 on Thursday. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The stock has a market cap of $10.10 billion, a PE ratio of -60.18 and a beta of 2.04. The stock's fifty day simple moving average is $19.57 and its two-hundred day simple moving average is $21.83. Rocket Lab USA, Inc. has a 1-year low of $3.82 and a 1-year high of $33.34.

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

Rocket Lab USA 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.

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