Rocket Lab USA, Inc. (NASDAQ:RKLB) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $25.18.

Several brokerages have issued reports on RKLB. Citigroup cut their target price on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company dropped their price target on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley raised their price objective on Rocket Lab USA from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Needham & Company LLC lifted their target price on Rocket Lab USA from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Finally, TD Cowen raised shares of Rocket Lab USA to a "strong-buy" rating in a research report on Monday, February 24th.

Insider Transactions at Rocket Lab USA

In other news, insider Arjun Kampani sold 5,277 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $29.97, for a total value of $158,151.69. Following the transaction, the insider now owns 569,606 shares of the company's stock, valued at $17,071,091.82. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank Klein sold 44,553 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $18.18, for a total value of $809,973.54. Following the completion of the transaction, the insider now owns 1,419,479 shares in the company, valued at $25,806,128.22. This represents a 3.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,937 shares of company stock worth $3,285,279 in the last quarter. 13.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spectrum Wealth Counsel LLC acquired a new position in shares of Rocket Lab USA in the 4th quarter valued at approximately $25,000. Sandy Spring Bank bought a new position in Rocket Lab USA in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc boosted its holdings in shares of Rocket Lab USA 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. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Rocket Lab USA in the first quarter valued at approximately $29,000. Finally, Farther Finance Advisors LLC increased its position in shares of Rocket Lab USA 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 acquiring an additional 1,226 shares in the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Rocket Lab USA Price Performance

Shares of NASDAQ:RKLB traded up $2.47 during trading on Thursday, reaching $28.92. The company had a trading volume of 33,986,699 shares, compared to its average volume of 16,578,000. The firm's fifty day moving average is $22.37 and its 200 day moving average is $23.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. The firm has a market capitalization of $13.12 billion, a PE ratio of -78.16 and a beta of 2.08. Rocket Lab USA has a twelve month low of $4.20 and a twelve month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The rocket manufacturer reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). The company had revenue of $122.57 million for the quarter, compared to analyst estimates of $120.74 million. Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. Rocket Lab USA's revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) EPS. On average, equities analysts forecast that Rocket Lab USA will post -0.38 EPS for the current year.

Rocket Lab USA 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.