Rocket Lab (NASDAQ:RKLB) Trading Down 1.2% – Here’s Why

Shares of Rocket Lab Corporation (NASDAQ:RKLB) traded down 1.2% during trading on Tuesday . The company traded as low as $41.23 and last traded at $42.78. 16,598,153 shares changed hands during trading, a decline of 20% from the average session volume of 20,799,443 shares. The stock had previously closed at $43.31.

Analysts Set New Price Targets

RKLB has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Robert W. Baird assumed coverage on Rocket Lab in a report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 target price for the company. Citigroup reaffirmed a “market perform” rating on shares of Rocket Lab in a research note on Wednesday, November 12th. KeyCorp increased their price objective on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, Morgan Stanley decreased their price objective on Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.33.

Rocket Lab Stock Down 1.2%

The firm’s fifty day simple moving average is $55.82 and its two-hundred day simple moving average is $43.19. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of -112.58 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $155.08 million for the quarter, compared to analyst estimates of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insiders Place Their Bets

In related news, Director Matthew Ocko sold 1,873,097 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were 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. The trade was a 77.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank Klein sold 45,535 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total transaction of $2,229,848.95. Following the completion of the transaction, the insider directly owned 1,320,291 shares in the company, valued at $64,654,650.27. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 5,406,361 shares of company stock worth $267,483,973. Corporate insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Rocket Lab

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of Rocket Lab by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer’s stock worth $420,000 after purchasing an additional 1,749 shares during the period. New York State Common Retirement Fund lifted its stake in Rocket Lab by 23.6% during the first quarter. New York State Common Retirement Fund now owns 133,371 shares of the rocket manufacturer’s stock worth $2,385,000 after purchasing an additional 25,483 shares in the last quarter. CWM LLC boosted its position in shares of Rocket Lab by 50.9% during the first quarter. CWM LLC now owns 7,935 shares of the rocket manufacturer’s stock worth $142,000 after buying an additional 2,678 shares during the period. Victory Capital Management Inc. grew its stake in shares of Rocket Lab by 661.5% in the first quarter. Victory Capital Management Inc. now owns 345,740 shares of the rocket manufacturer’s stock valued at $6,182,000 after buying an additional 300,337 shares in the last quarter. Finally, Miller Financial Services LLC acquired a new stake in shares of Rocket Lab in the first quarter valued at $179,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

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.