Rocket Lab Corporation (NASDAQ:RKLB) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.2727.

Several equities analysts have recently weighed in on the company. Craig Hallum assumed coverage on Rocket Lab in a report on Monday, July 28th. They issued a "hold" rating and a $51.00 price objective for the company. Weiss Ratings restated a "sell (d-)" rating on shares of Rocket Lab in a report on Saturday, September 27th. Bank of America raised their price objective on Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Stifel Nicolaus raised their price objective on Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their price objective on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a report on Friday, August 8th.

Insider Buying and Selling

In other news, CFO Adam C. Spice sold 874,588 shares of the firm's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the completion of the transaction, the chief financial officer owned 2,057,889 shares in the company, valued at $98,799,250.89. This trade represents a 29.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter Beck sold 1,436,442 shares of Rocket Lab stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total value of $70,026,547.50. Following the transaction, the chief executive officer owned 2,500,000 shares of the company's stock, valued at $121,875,000. The trade was a 36.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock worth $267,483,973 over the last three months. Company insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On Rocket Lab

A number of hedge funds and other institutional investors have recently bought and sold shares of RKLB. EverSource Wealth Advisors LLC grew its holdings in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock worth $28,000 after purchasing an additional 416 shares during the period. Farther Finance Advisors LLC grew its holdings 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 grew its holdings 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. Atlantic Union Bankshares Corp bought a new position in Rocket Lab during the second quarter worth about $36,000. Finally, Kilter Group LLC bought a new stake in shares of Rocket Lab during the second quarter worth approximately $37,000. Institutional investors own 71.78% of the company's stock.

Rocket Lab Stock Performance

RKLB opened at $61.51 on Wednesday. The business's 50-day moving average price is $47.23 and its two-hundred day moving average price is $34.77. Rocket Lab has a 1 year low of $8.99 and a 1 year high of $62.56. The company has a market capitalization of $29.77 billion, a price-to-earnings ratio of -136.69 and a beta of 2.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $135.42 million. During the same period in the prior year, the business earned ($0.08) EPS. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. Equities analysts expect that Rocket Lab will post -0.38 EPS for the current fiscal year.

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.

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