Rocket Lab (NASDAQ:RKLB) Stock Price Up 1.8% - Time to Buy?

Key Points

• Rocket Lab's stock price increased by 1.8%, reaching a last trading price of $69.27, with a significant trading volume of approximately 26 million shares, which is 24% higher than the average daily volume.
• Several analysts have raised their price targets for Rocket Lab stock, with Bank of America increasing theirs from $30.00 to $50.00 and maintaining a "buy" rating.
• Insider trading activity included significant sales, with CEO Peter Beck selling over 1.4 million shares, representing a 36.49% decrease in his position, and insiders have sold a total of $267 million worth of shares in the last quarter.

Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report)'s stock price rose 1.8% on Wednesday . The stock traded as high as $73.97 and last traded at $69.27. Approximately 26,142,421 shares were traded during trading, an increase of 24% from the average daily volume of 21,042,176 shares. The stock had previously closed at $68.03.

Wall Street Analyst Weigh In

RKLB has been the topic of several recent analyst reports. 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 research note on Wednesday, July 16th. Morgan Stanley raised their price objective on Rocket Lab from $20.00 to $68.00 and gave the company an "equal weight" rating in a research note on Monday. Cantor Fitzgerald raised their price objective on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Craig Hallum initiated coverage on Rocket Lab in a research note on Monday, July 28th. They set a "hold" rating and a $51.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of Rocket Lab in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Rocket Lab presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.64.

Rocket Lab Trading Up 1.8%

The stock has a market capitalization of $33.52 billion, a PE ratio of -153.93 and a beta of 2.14. The firm has a 50-day moving average price of $49.29 and a 200-day moving average price of $36.38. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60.

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 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 firm had revenue of $144.50 million during the quarter, compared to analysts' expectations of $135.42 million. During the same period last year, the business posted ($0.08) EPS. The company's revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Frank Klein sold 4,286 shares of Rocket Lab stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total value of $204,527.92. Following the completion of the sale, the insider owned 1,316,005 shares of the company's stock, valued at approximately $62,799,758.60. This trade represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the chief executive officer directly owned 2,500,000 shares of the company's stock, 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. Insiders have sold a total of 5,406,361 shares of company stock worth $267,483,973 in the last quarter. 11.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new position in Rocket Lab in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 416 shares during the period. Atlantic Union Bankshares Corp bought a new position in Rocket Lab in the 2nd quarter worth about $36,000. Kilter Group LLC bought a new position in Rocket Lab in the 2nd quarter worth about $37,000. Finally, ORG Partners LLC boosted its position in shares of Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock valued at $38,000 after acquiring an additional 910 shares during the last quarter. Institutional investors 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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