Rocket Lab (NASDAQ:RKLB) Stock Price Up 5% - Here's What Happened

Key Points

• Rocket Lab's stock rose 5% to $63.57, with a trading volume of approximately 13.1 million shares, indicating a decline from its usual daily volume.
• Analysts have revised their ratings on Rocket Lab, with Bank of America raising its price target to $50.00 and KeyCorp to $75.00, reflecting a generally positive market outlook.
• In recent insider trading, Director Matthew Ocko sold over 1.8 million shares, representing a significant decrease in his position, indicating potential shifts in insider confidence.

Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) rose 5% on Thursday . The stock traded as high as $64.70 and last traded at $63.57. Approximately 13,104,359 shares were traded during trading, a decline of 38% from the average daily volume of 21,005,217 shares. The stock had previously closed at $60.56.

Analyst Ratings Changes

A number of brokerages recently weighed in on RKLB. 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. The Goldman Sachs Group assumed coverage on shares of Rocket Lab in a research report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price target on the stock. KeyCorp lifted their price target on shares of Rocket Lab from $50.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, October 17th. Stifel Nicolaus lifted their price target on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Roth Capital reiterated a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.75.

Rocket Lab Stock Up 5.0%

The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The stock has a market capitalization of $30.77 billion, a P/E ratio of -141.27 and a beta of 2.14. The firm has a 50 day moving average of $51.92 and a 200-day moving average of $38.24.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The firm 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%. The business's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Matthew Ocko sold 1,873,097 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total value of $90,283,275.40. Following the sale, the director directly owned 541,526 shares in the company, valued at approximately $26,101,553.20. This represents a 77.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Peter Beck sold 1,436,442 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 2,500,000 shares in the company, valued at approximately $121,875,000. This represents a 36.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,406,361 shares of company stock valued at $267,483,973 over the last 90 days. Company insiders own 11.90% of the company's stock.

Institutional Trading of Rocket Lab

A number of large investors have recently bought and sold shares of RKLB. Sound Income Strategies LLC bought a new stake in shares of Rocket Lab in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC grew its stake in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock worth $28,000 after buying an additional 416 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Rocket Lab by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock worth $35,000 after buying an additional 1,226 shares during the last quarter. Financial Consulate Inc. bought a new stake in Rocket Lab during the third quarter worth about $35,000. Finally, Spectrum Wealth Counsel LLC grew its stake in Rocket Lab by 100.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after buying an additional 1,000 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors.

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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