Cetera Investment Advisers Purchases 17,084 Shares of Rocket Lab Corporation $RKLB

Cetera Investment Advisers grew its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 10.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,414 shares of the rocket manufacturer’s stock after purchasing an additional 17,084 shares during the period. Cetera Investment Advisers’ holdings in Rocket Lab were worth $11,650,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RKLB. Vanguard Group Inc. raised its position in shares of Rocket Lab by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after buying an additional 5,610,469 shares in the last quarter. Baillie Gifford & Co. grew its position in Rocket Lab by 47.2% during the fourth quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock worth $1,245,317,000 after buying an additional 5,725,536 shares in the last quarter. Capital World Investors increased its stake in Rocket Lab by 12.0% in the 4th quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock worth $1,130,172,000 after acquiring an additional 1,738,623 shares during the last quarter. State Street Corp increased its stake in Rocket Lab by 1.0% in the 4th quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock worth $873,411,000 after acquiring an additional 120,652 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Rocket Lab by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 9,004,724 shares of the rocket manufacturer’s stock valued at $626,605,000 after acquiring an additional 825,158 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RKLB. Craig Hallum lifted their price target on Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Rocket Lab from $73.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Bank of America raised their target price on shares of Rocket Lab from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Stifel Nicolaus set a $132.00 target price on shares of Rocket Lab in a research report on Thursday, June 4th. Finally, Wells Fargo & Company assumed coverage on shares of Rocket Lab in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $60.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $110.29.

Trending Headlines about Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Rocket Lab won a record $266 million U.S. Space Force contract covering at least 12 suborbital missions through 2028. The award expands its missile-defense role, strengthens its government backlog and supports its strategy of providing integrated launch and space systems. Why Rocket Lab Stock Is Up Today
• Positive Sentiment: Analysts and industry checks cited continued demand for launch services, progress on the Neutron rocket and expanding capabilities beyond satellite launches. Citizens reportedly sees substantial long-term upside, while ARK Invest purchased approximately 62,497 RKLB shares valued at about $4 million. ARK Adds Rocket Lab
• Neutral Sentiment: The FAA proposed reducing environmental regulations for commercial-space licensing, potentially shortening approval timelines and lowering regulatory friction for Rocket Lab and other launch providers. The financial benefit, however, is uncertain and would take time to materialize. Trump Administration Slashes Environmental Rules
• Negative Sentiment: Risk-off trading has pressured the entire space sector, with investors reassessing high-growth aerospace companies after a sharp repricing in SpaceX. This contagion has overwhelmed Rocket Lab’s contract news and pushed the shares below their 50-day moving average, with traders watching roughly $56 as potential support. Rocket Lab Stock Trapped Below 50-Day Moving Average
• Negative Sentiment: Despite 63% year-over-year quarterly revenue growth, Rocket Lab remains unprofitable, with negative margins and substantial spending required for Neutron development. Investors also recognize that the $266 million contract will be recognized over multiple years rather than immediately improving earnings or cash flow. Its strong liquidity and minimal debt provide a cushion, but profitability remains a key concern.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $58.60 on Thursday. The business has a 50 day moving average of $98.35 and a 200 day moving average of $86.64. The company has a market capitalization of $33.91 billion, a price-to-earnings ratio of -183.12 and a beta of 2.54. Rocket Lab Corporation has a 1-year low of $37.57 and a 1-year high of $151.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02.

Rocket Lab (NASDAQ:RKLB) last issued its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.Rocket Lab’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. On average, sell-side analysts predict that Rocket Lab Corporation will post -0.26 earnings per share for the current fiscal year.

Insider Transactions at Rocket Lab

In related news, SVP Arjun Kampani sold 88,000 shares of Rocket Lab stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $107.98, for a total value of $9,502,240.00. Following the transaction, the senior vice president owned 264,705 shares in the company, valued at $28,582,845.90. This trade represents a 24.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marvin Bradford Clevenger sold 3,500 shares of Rocket Lab stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $146.67, for a total transaction of $513,345.00. Following the completion of the transaction, the insider owned 473,975 shares in the company, valued at approximately $69,517,913.25. The trade was a 0.73% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,849,294 shares of company stock worth $362,816,208. Corporate insiders own 8.40% of the company’s stock.

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.