Rocket Lab (NASDAQ:RKLB) Shares Up 1.7% - What's Next?

Key Points

• Rocket Lab's shares rose 1.7% during mid-day trading, with a last traded price of $41.39, despite a significant drop in trading volume compared to average sessions.
• A range of analysts have set new price targets for Rocket Lab, with Roth Capital raising their target to $35.00, Cantor Fitzgerald to $54.00, and Citigroup to $50.00, reflecting a generally positive outlook.
• The company reported revenue growth of 35.9% year-over-year, with quarterly revenues of $144.50 million, although it missed earnings expectations with an EPS of ($0.13).

Shares of Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) shot up 1.7% during mid-day trading on Thursday . The company traded as high as $41.39 and last traded at $41.39. 3,324,386 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 19,882,863 shares. The stock had previously closed at $40.69.

Analysts Set New Price Targets

A number of research firms have issued reports on RKLB. Roth Capital increased their target price on shares of Rocket Lab from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Cantor Fitzgerald increased their target price 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. Citigroup reiterated a "buy" rating and issued a $50.00 target price (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Bank of America raised their price target on shares of Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Stifel Nicolaus raised their price target on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.27.

Rocket Lab Stock Up 1.8%

The stock has a market cap of $19.86 billion, a P/E ratio of -91.96 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 firm's fifty day moving average is $40.06 and its 200 day moving average is $28.60.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted 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 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 analyst estimates of $135.42 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The business's revenue for the quarter was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Activity

In other Rocket Lab news, Director Matthew Ocko sold 820,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $26.01, for a total value of $21,328,200.00. Following the completion of the transaction, the director directly owned 1,083,053 shares of the company's stock, valued at approximately $28,170,208.53. The trade was a 43.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Arjun Kampani sold 28,988 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $26.66, for a total transaction of $772,820.08. Following the completion of the transaction, the insider directly owned 540,618 shares of the company's stock, valued at approximately $14,412,875.88. This represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,130,995 shares of company stock valued at $29,686,039. Company insiders own 11.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings 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 buying an additional 860 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock valued at $28,000 after buying an additional 416 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Rocket Lab in the first quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its holdings in shares of Rocket Lab by 181.1% in the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after buying an additional 1,226 shares during the period. Finally, Spectrum Wealth Counsel LLC boosted its holdings in shares of Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock valued at $36,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

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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