Rocket Lab (NASDAQ:RKLB) Stock Price Down 3.3% - Here's What Happened

Key Points

• Rocket Lab's stock price fell by 3.3% during mid-day trading, reaching a low of $66.42 before closing at $67.00 on Thursday.
• Analysts have raised their price targets for Rocket Lab, with **Morgan Stanley** setting a target of **$68.00**, while the average target price is projected at **$49.67**.
• Quarterly earnings reported a loss of **($0.13) EPS**, missing estimates, though revenue increased by **35.9%** year-over-year to **$144.50 million**.

Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report)'s stock price was down 3.3% during mid-day trading on Thursday . The company traded as low as $66.42 and last traded at $67.00. Approximately 23,655,732 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 21,054,975 shares. The stock had previously closed at $69.27.

Analyst Ratings Changes

A number of analysts have issued reports on RKLB shares. Morgan Stanley raised their target price on Rocket Lab from $20.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Monday. Stifel Nicolaus raised their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald raised their price target on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Bank of America raised their price target on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Craig Hallum assumed coverage on Rocket Lab in a report on Monday, July 28th. They issued a "hold" rating and a $51.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $49.67.

Rocket Lab Stock Down 3.3%

The company has a market cap of $32.43 billion, a P/E ratio of -148.89 and a beta of 2.14. The company has a 50 day moving average of $49.80 and a 200-day moving average of $36.61. 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 posted 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 business had revenue of $144.50 million for the quarter, compared to the consensus estimate of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. Rocket Lab's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Insider Activity at Rocket Lab

In other Rocket Lab 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 transaction of $41,988,969.88. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Ocko sold 1,873,097 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total value of $90,283,275.40. Following the sale, the director owned 541,526 shares in the company, valued at $26,101,553.20. The trade was a 77.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock valued at $267,483,973 in the last ninety days. 11.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rocket Lab

Large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in Rocket Lab during the third quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its position in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Rocket Lab during the second quarter valued at about $36,000. Kilter Group LLC purchased a new stake in Rocket Lab during the second quarter valued at about $37,000. Finally, ORG Partners LLC raised its position in Rocket Lab by 491.9% during the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock valued at $38,000 after purchasing an additional 910 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company's stock.

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.

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