Rocket Lab Corporation (NASDAQ:RKLB) Receives Average Recommendation of “Moderate Buy” from Analysts

Rocket Lab Corporation (NASDAQ:RKLB) has earned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $58.1667.

Several research firms recently weighed in on RKLB. Needham & Company LLC reissued a “buy” rating and issued a $63.00 target price on shares of Rocket Lab in a research note on Tuesday. Wall Street Zen upgraded shares of Rocket Lab from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Robert W. Baird initiated coverage on shares of Rocket Lab in a research note on Wednesday, October 15th. They set an “outperform” rating and a $83.00 price objective on the stock. KeyCorp upped their target price on shares of Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th.

Insiders Place Their Bets

In other Rocket Lab news, insider Frank Klein sold 4,736 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $42.08, for a total transaction of $199,290.88. Following the completion of the sale, the insider owned 1,269,487 shares of the company’s stock, valued at $53,420,012.96. This trade represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter Beck sold 18,857 shares of Rocket Lab stock in a transaction on Monday, November 24th. The stock was sold at an average price of $40.65, for a total transaction of $766,537.05. Following the transaction, the chief executive officer directly owned 902,942 shares of the company’s stock, valued at approximately $36,704,592.30. This trade represents a 2.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 5,573,532 shares of company stock valued at $274,301,358. Corporate insiders own 11.90% of the company’s stock.

Institutional Trading of Rocket Lab

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC bought a new stake in shares of Rocket Lab during the second quarter worth approximately $192,918,000. Sender Co & Partners Inc. bought a new position in shares of Rocket Lab during the first quarter worth approximately $621,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Rocket Lab by 44.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 992,777 shares of the rocket manufacturer’s stock worth $35,512,000 after purchasing an additional 306,713 shares during the last quarter. McGuire Investment Group LLC lifted its holdings in Rocket Lab by 91.3% during the 2nd quarter. McGuire Investment Group LLC now owns 196,107 shares of the rocket manufacturer’s stock worth $7,015,000 after purchasing an additional 93,613 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Rocket Lab by 6.4% in the 1st quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock valued at $38,057,000 after purchasing an additional 128,907 shares during the period. Institutional investors own 71.78% of the company’s stock.

Rocket Lab Price Performance

Shares of NASDAQ RKLB opened at $41.93 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83. The business has a 50-day moving average of $54.79 and a 200-day moving average of $44.00. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of -110.34 and a beta of 2.16. Rocket Lab has a fifty-two week low of $14.71 and a fifty-two week high of $73.97.

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

Rocket Lab Company Profile

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.