Rocket Lab (NASDAQ:RKLB) Stock Price Down 2.9% - What's Next?

Key Points

• Rocket Lab's stock (NASDAQ:RKLB) fell by 2.9% to $65.40 after closing at $67.35, with trading volume declining by 18% from the average.
• The company reported a quarterly revenue of $144.50 million, surpassing expectations, but missed EPS estimates with a loss of ($0.13).
• Analysts generally hold a "Moderate Buy" rating for Rocket Lab, with a consensus price target of $51.75, while key firms have set target prices as high as $83.00.

Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) shares fell 2.9% during trading on Tuesday . The stock traded as low as $64.86 and last traded at $65.40. 17,354,880 shares changed hands during trading, a decline of 18% from the average session volume of 21,041,846 shares. The stock had previously closed at $67.35.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RKLB shares. Craig Hallum initiated 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. Weiss Ratings restated a "sell (d-)" rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Roth Capital reiterated a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. Robert W. Baird began coverage on Rocket Lab in a report on Wednesday, October 15th. They issued an "outperform" rating and a $83.00 price target for the company. Finally, KeyCorp lifted their price target on Rocket Lab from $50.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $51.75.

Rocket Lab Trading Down 2.9%

The firm has a market cap of $31.65 billion, a price-to-earnings ratio of -145.33 and a beta of 2.14. The business has a fifty day moving average of $51.13 and a two-hundred day moving average of $37.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued 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). The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Lab

In related news, SVP Arjun Kampani sold 31,185 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total transaction of $1,527,129.45. Following the completion of the transaction, the senior vice president directly owned 499,045 shares in the company, valued at $24,438,233.65. The trade was a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total value of $70,026,547.50. Following the sale, the chief executive officer owned 2,500,000 shares in the company, valued at approximately $121,875,000. This trade represents a 36.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rocket Lab

Several hedge funds have recently modified their holdings of RKLB. Truist Financial Corp grew its holdings in shares of Rocket Lab by 1.9% during the second quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer's stock worth $442,000 after buying an additional 234 shares in the last quarter. Parvin Asset Management LLC grew its stake in Rocket Lab by 7.2% in the 2nd quarter. Parvin Asset Management LLC now owns 3,725 shares of the rocket manufacturer's stock worth $133,000 after acquiring an additional 250 shares during the period. GAMMA Investing LLC raised its holdings in Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock valued at $54,000 after acquiring an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Rocket Lab by 109.5% during the 2nd 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. Finally, HBW Advisory Services LLC lifted its stake in shares of Rocket Lab by 7.0% during the 3rd quarter. HBW Advisory Services LLC now owns 6,805 shares of the rocket manufacturer's stock worth $326,000 after purchasing an additional 448 shares during the period. 71.78% of the stock is owned by institutional investors and hedge funds.

Rocket Lab 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.