WINTON GROUP Ltd purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,900 shares of the rocket manufacturer’s stock, valued at approximately $1,807,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Aventura Private Wealth LLC purchased a new position in Rocket Lab in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 416 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Rocket Lab in the 4th quarter worth approximately $32,000. DecisionPoint Financial LLC lifted its holdings in shares of Rocket Lab by 91.1% in the 4th quarter. DecisionPoint Financial LLC now owns 472 shares of the rocket manufacturer’s stock worth $33,000 after acquiring an additional 225 shares during the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of Rocket Lab in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.
More Rocket Lab News
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Wall Street sentiment improved after Stifel raised its price target on Rocket Lab to a Street-high $132 from $110 and kept a Buy rating, reinforcing the view that growth can continue. Rocket Lab Stock (RKLB) Lands a New Street-High Target as Top Stifel Analyst Sees Stronger Growth Ahead
- Positive Sentiment: Recent coverage continues to highlight Rocket Lab’s strong operating momentum, including its first-ever $200 million revenue quarter, 63%+ year-over-year revenue growth, expanding gross margin, and a backlog that reached $2.2 billion. Rocket Lab: Don’t Hold Your Breath On Neutron
- Positive Sentiment: The broader space sector is getting a lift from SpaceX IPO excitement, and Rocket Lab is being viewed as a public-market way to play the space race, which has helped sentiment across RKLB and other space stocks. There’s More to Space Stocks Than SpaceX
- Neutral Sentiment: Some analysts and commentators are warning that the stock’s big rally may have outrun fundamentals, pointing to valuation risk and possible volatility if expectations become harder to beat. We’re Holding Rocket Lab Despite 356% Rally
- Negative Sentiment: Bearish pieces argue investors should be cautious ahead of a possible SpaceX IPO “reality check,” with concerns that competition and sky-high expectations could eventually pressure RKLB’s multiple. Rocket Lab: Sell Before The SpaceX IPO Reality Check
Insider Activity at Rocket Lab
Rocket Lab Stock Performance
NASDAQ:RKLB opened at $110.08 on Monday. The company has a fifty day moving average of $97.02 and a 200 day moving average of $78.94. Rocket Lab Corporation has a 52 week low of $25.24 and a 52 week high of $151.00. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $63.71 billion, a P/E ratio of -344.00 and a beta of 2.48.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The company had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. During the same period in the prior year, the business posted ($0.12) EPS. The firm’s revenue was up 63.4% compared to the same quarter last year. On average, research analysts predict that Rocket Lab Corporation will post -0.29 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Rocket Lab from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Citizens Jmp boosted their price objective on shares of Rocket Lab from $85.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. TD Cowen boosted their price objective on shares of Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Clear Str upgraded shares of Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Rocket Lab currently has a consensus rating of “Moderate Buy” and an average target price of $98.88.
View Our Latest Research Report on Rocket Lab
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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