Rocket Lab Corporation (NASDAQ:RKLB – Get Free Report) fell 2.9% during trading on Tuesday . The stock traded as low as $115.23 and last traded at $127.31. 29,885,774 shares changed hands during trading, an increase of 26% from the average session volume of 23,678,416 shares. The stock had previously closed at $131.16.
More Rocket Lab News
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab continues to show strong underlying business momentum, with Q1 revenue up about 63% year over year and backlog more than doubling, reinforcing the company’s long-term growth story.
- Positive Sentiment: Shareholders approved governance changes at the 2026 annual meeting, which may support a more streamlined corporate structure and signal continued alignment with management’s strategy. Rocket Lab Shareholders Approve Governance Changes at Annual Meeting
- Neutral Sentiment: SpaceX IPO speculation is keeping the broader space sector in focus, and Rocket Lab is being mentioned as one of the names benefiting from renewed investor attention on space infrastructure stocks.
- Negative Sentiment: The $3 billion stock sale program is the main pressure point, as the market is worried about dilution and the possibility that future share issuance could weigh on per-share value. Rocket Lab Stock Falls After Announcing $3 Billion Distribution Agreement
- Negative Sentiment: Several articles and commentary point to valuation concerns after a sharp run-up in the stock, with some analysts urging caution and suggesting investors may be chasing the move too late.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Citigroup restated an “outperform” rating on shares of Rocket Lab in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Rocket Lab from $73.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Clear Str upgraded shares of Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Wall Street Zen upgraded shares of Rocket Lab from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Finally, Zacks Research lowered shares of Rocket Lab from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus price target of $97.19.
Rocket Lab Stock Down 6.6%
The business has a fifty day moving average price of $83.57 and a two-hundred day moving average price of $72.72. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The company has a market cap of $72.60 billion, a price-to-earnings ratio of -392.03 and a beta of 2.30.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $200.35 million for the quarter, compared to the consensus estimate of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The firm’s revenue was up 63.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. On average, equities analysts predict that Rocket Lab Corporation will post -0.24 earnings per share for the current year.
Insider Buying and Selling at Rocket Lab
In related news, insider Frank Klein sold 44,482 shares of Rocket Lab stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $3,095,502.38. Following the completion of the sale, the insider owned 1,125,005 shares of the company’s stock, valued at approximately $78,289,097.95. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter Beck sold 18,857 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $69.59, for a total value of $1,312,258.63. Following the completion of the transaction, the chief executive officer owned 884,085 shares in the company, valued at $61,523,475.15. This trade represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 333,449 shares of company stock worth $28,295,233 over the last 90 days. 8.40% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Rocket Lab
Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Rocket Lab by 114.0% in the first quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after buying an additional 92,849 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Rocket Lab by 1,812.1% in the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock valued at $658,000 after acquiring an additional 34,882 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Rocket Lab by 53.8% in the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock valued at $282,000 after acquiring an additional 5,507 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Rocket Lab by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock worth $13,831,000 after acquiring an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth grew its position in Rocket Lab by 1.0% in the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after acquiring an additional 681 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.
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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