Rocket Lab Corporation (NASDAQ:RKLB) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Rocket Lab Corporation (NASDAQ:RKLB) has been given a consensus rating of "Moderate Buy" by analysts, with a 12-month price target averaging $42.27.
• In terms of recent trading activity, Director Merline Saintil sold 6,353 shares at an average price of $33.38, reducing their stake by 1.49%.
• Rocket Lab's stock has experienced a 10.1% increase, with a current market cap of $25.57 billion and a 12-month price range between $6.91 and $54.03.

Shares of Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $42.2727.

Several analysts recently issued reports 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 note on Monday, July 14th. KeyCorp boosted their target price on shares of Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Cantor Fitzgerald boosted their target price on shares of Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Craig Hallum began coverage on shares of Rocket Lab in a report on Monday, July 28th. They issued a "hold" rating and a $51.00 target price on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price on shares of Rocket Lab in a report on Wednesday, September 3rd.

Insiders Place Their Bets

In other Rocket Lab news, Director Merline Saintil sold 6,353 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total value of $212,063.14. Following the transaction, the director directly owned 419,569 shares in the company, valued at $14,005,213.22. The trade was a 1.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Rocket Lab

Several institutional investors and hedge funds have recently bought and sold shares of RKLB. Versant Capital Management Inc boosted its holdings in Rocket Lab by 118.1% in the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after purchasing an additional 860 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock worth $28,000 after acquiring an additional 416 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Rocket Lab in the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock worth $35,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC lifted its holdings in shares of Rocket Lab by 100.0% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after acquiring an additional 1,000 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab Stock Up 10.1%

Shares of NASDAQ RKLB opened at $53.34 on Friday. Rocket Lab has a 12-month low of $6.91 and a 12-month high of $54.03. The stock has a market cap of $25.57 billion, a PE ratio of -118.53 and a beta of 2.17. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $45.25 and a 200 day moving average of $30.94.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $144.50 million for the quarter, compared to analysts' expectations of $135.42 million. During the same period in the prior year, the company posted ($0.08) EPS. The firm's revenue 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 predict 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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