Rocket Lab's (RKLB) Sell (D-) Rating Reaffirmed at Weiss Ratings

Rocket Lab (NASDAQ:RKLB - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Citigroup reaffirmed a "buy" rating and set a $50.00 price target (up from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. KeyCorp increased their price target on Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price target on shares of Rocket Lab in a research report on Wednesday, September 3rd. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. Finally, Cantor Fitzgerald increased their price target on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rocket Lab presently has an average rating of "Moderate Buy" and a consensus price target of $42.27.

Rocket Lab Stock Performance

Shares of Rocket Lab stock opened at $65.31 on Wednesday. The company has a market cap of $31.61 billion, a PE ratio of -145.13 and a beta of 2.14. Rocket Lab has a 52 week low of $8.99 and a 52 week high of $68.53. The business has a 50 day moving average price of $47.61 and a 200-day moving average price of $34.98. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million during the quarter, compared to analysts' expectations 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 last year, the company earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Rocket Lab will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, CFO Adam C. Spice sold 874,588 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 2,057,889 shares of the company's stock, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank Klein sold 45,535 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $2,229,848.95. Following the transaction, the insider directly owned 1,320,291 shares of the company's stock, valued at approximately $64,654,650.27. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,406,361 shares of company stock valued at $267,483,973 in the last quarter. Insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On Rocket Lab

A number of large investors have recently made changes to their positions in RKLB. Kingstone Capital Partners Texas LLC bought a new position in shares of Rocket Lab in the second quarter worth $192,918,000. Norges Bank bought a new position in shares of Rocket Lab in the second quarter worth $164,751,000. Vanguard Group Inc. boosted its holdings in shares of Rocket Lab by 10.6% in the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after acquiring an additional 3,833,969 shares during the period. Invesco Ltd. boosted its holdings in shares of Rocket Lab by 67.0% in the second quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer's stock worth $223,287,000 after acquiring an additional 2,504,054 shares during the period. Finally, Marex Group plc bought a new position in shares of Rocket Lab in the second quarter worth $74,359,000. 71.78% of the stock is 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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