Rocket Lab USA, Inc. (NASDAQ:RKLB) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,087 shares of the rocket manufacturer's stock after buying an additional 12,042 shares during the quarter. Stifel Financial Corp's holdings in Rocket Lab USA were worth $1,963,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Spectrum Wealth Counsel LLC acquired a new stake in Rocket Lab USA during the 4th quarter worth about $25,000. Sandy Spring Bank acquired a new stake in Rocket Lab USA during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Rocket Lab USA during the fourth quarter valued at approximately $40,000. NewEdge Advisors LLC lifted its holdings in Rocket Lab USA by 1,000.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer's stock valued at $49,000 after acquiring an additional 1,750 shares during the period. Finally, New Millennium Group LLC boosted its position in Rocket Lab USA by 105.0% in the 4th quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer's stock worth $52,000 after purchasing an additional 1,050 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen upgraded shares of Rocket Lab USA to a "strong-buy" rating in a research note on Monday, February 24th. Wells Fargo & Company lowered their target price on shares of Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. KeyCorp cut their price target on Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Needham & Company LLC started coverage on Rocket Lab USA in a research report on Friday, April 25th. They set a "buy" rating and a $28.00 price target on the stock. Finally, Citigroup cut their price objective on Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Rocket Lab USA has a consensus rating of "Moderate Buy" and a consensus target price of $23.25.

Rocket Lab USA Price Performance

Shares of Rocket Lab USA stock traded down $2.54 on Friday, hitting $20.56. 30,261,759 shares of the company were exchanged, compared to its average volume of 15,595,495. Rocket Lab USA, Inc. has a 1-year low of $3.98 and a 1-year high of $33.34. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of -55.57 and a beta of 2.04. The company has a 50-day moving average price of $19.66 and a 200 day moving average price of $21.91.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last issued its earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). The company had revenue of $122.57 million during the quarter, compared to analyst estimates of $120.74 million. Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The firm's revenue was up 32.1% compared to the same quarter last year. During the same period last year, the business earned ($0.09) earnings per share. As a group, sell-side analysts predict that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Frank Klein sold 44,553 shares of Rocket Lab USA stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $18.18, for a total transaction of $809,973.54. Following the sale, the insider now owns 1,419,479 shares of the company's stock, valued at approximately $25,806,128.22. The trade was a 3.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.70% of the stock is owned by insiders.

About Rocket Lab USA

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.