BTIG Research reissued their hold rating on shares of Rocket Lab (NASDAQ:RKLB – Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports.
Other research analysts have also issued research reports about the company. Bank of America raised their target price on Rocket Lab from $60.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Craig Hallum upgraded Rocket Lab from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Friday, May 8th. New Street Research started coverage on Rocket Lab in a report on Wednesday. They set a “buy” rating and a $150.00 price target on the stock. KeyCorp lowered Rocket Lab from an “overweight” rating to a “sector weight” rating in a report on Thursday, January 15th. Finally, The Goldman Sachs Group lifted their price target on Rocket Lab from $47.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $97.19.
Read Our Latest Stock Analysis on Rocket Lab
Rocket Lab Stock Up 6.8%
Rocket Lab (NASDAQ:RKLB – Get Free Report) last posted its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same quarter last year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was up 63.4% on a year-over-year basis. Sell-side analysts expect that Rocket Lab will post -0.22 EPS for the current fiscal year.
Insider Buying and Selling at Rocket Lab
In other Rocket Lab news, Director Alexander R. Slusky sold 100,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $118.08, for a total value of $11,808,000.00. Following the sale, the director directly owned 434,675 shares in the company, valued at $51,326,424. The trade was a 18.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frank Klein sold 36,768 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $71.95, for a total value of $2,645,457.60. Following the completion of the sale, the insider owned 1,088,237 shares in the company, valued at approximately $78,298,652.15. The trade was a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 333,449 shares of company stock valued at $28,295,233 in the last ninety days. 8.40% of the stock is owned by corporate insiders.
Institutional Trading of Rocket Lab
Several hedge funds have recently made changes to their positions in the company. Sara Bay Financial raised its stake in shares of Rocket Lab by 0.7% in the fourth quarter. Sara Bay Financial now owns 15,905 shares of the rocket manufacturer’s stock valued at $1,121,000 after buying an additional 117 shares during the period. ORG Partners LLC raised its stake in shares of Rocket Lab by 9.1% in the fourth quarter. ORG Partners LLC now owns 1,458 shares of the rocket manufacturer’s stock valued at $102,000 after buying an additional 121 shares during the period. Bartlett & CO. Wealth Management LLC raised its stake in shares of Rocket Lab by 7.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock valued at $120,000 after buying an additional 124 shares during the period. Sovereign Financial Group Inc. raised its stake in shares of Rocket Lab by 3.9% in the first quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock valued at $213,000 after buying an additional 125 shares during the period. Finally, Traynor Capital Management Inc. raised its stake in shares of Rocket Lab by 1.9% in the fourth quarter. Traynor Capital Management Inc. now owns 7,191 shares of the rocket manufacturer’s stock valued at $502,000 after buying an additional 133 shares during the period. 71.78% of the stock is currently owned by institutional investors.
Rocket Lab News Summary
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Shares are benefiting from renewed investor confidence after a strong first-quarter report and follow-on analyst price target increases, which reinforced the view that Rocket Lab’s growth remains on track. Why Rocket Lab (RKLB) Stock Is Trading Up Today
- Positive Sentiment: Momentum is also being driven by optimism that Neutron launches later this year could open a larger addressable market and position Rocket Lab as a stronger competitor in medium-lift launches. Rocket Lab Stock Is Getting a Major Lift. Investors Are Betting on Its Neutron Launch Later This Year.
- Positive Sentiment: Investor sentiment improved further after Rocket Lab reported a $2.2 billion backlog and announced a new multi-launch deal, signaling healthy demand visibility. Rocket Lab Stock Jumps After $2.2B Backlog and New Multi-Launch Deal
- Positive Sentiment: The company is also expanding its defense-related relevance, including work tied to hypersonics, which could diversify revenue beyond satellite launches and support long-term growth. Anduril Hires Rocket Lab to Help It With Hypersonics
- Neutral Sentiment: Rocket Lab also registered shares for the Mynaric acquisition resale, a routine corporate filing that may matter strategically but is not an immediate operating catalyst. Rocket Lab Registers Shares for Mynaric Acquisition Resale
- Negative Sentiment: On the cautionary side, insider selling by a director may raise some concerns about valuation after the stock’s sharp run-up, even if it does not change the company’s fundamentals. Director Alexander R. Slusky transaction filing
Rocket Lab Company Profile
Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.
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