Rocket Lab (NASDAQ:RKLB) Shares Up 5.3% – Here’s Why

Rocket Lab Corporation (NASDAQ:RKLB)’s stock price was up 5.3% on Monday . The company traded as high as $42.53 and last traded at $42.45. Approximately 19,981,513 shares changed hands during trading, a decline of 4% from the average daily volume of 20,782,313 shares. The stock had previously closed at $40.30.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America increased their price target on shares of Rocket Lab from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Wall Street Zen upgraded shares of Rocket Lab from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Craig Hallum assumed coverage on Rocket Lab in a research note on Monday, July 28th. They issued a “hold” rating and a $51.00 price target for the company. Needham & Company LLC lifted their target price on shares of Rocket Lab from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Finally, KeyCorp increased their price target on Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rocket Lab has an average rating of “Moderate Buy” and an average target price of $58.17.

Rocket Lab Stock Performance

The company’s fifty day simple moving average is $55.01 and its 200 day simple moving average is $43.86. The firm has a market capitalization of $22.68 billion, a PE ratio of -111.71 and a beta of 2.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83.

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

Insider Buying and Selling

In other news, insider Frank Klein sold 45,535 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total value of $2,229,848.95. Following the completion of the sale, the insider directly owned 1,320,291 shares in the company, valued at $64,654,650.27. This represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Adam C. Spice sold 874,588 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the completion of the transaction, the chief financial officer directly owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,406,361 shares of company stock worth $267,483,973 over the last quarter. 11.90% of the stock is owned by insiders.

Institutional Trading of Rocket Lab

Several institutional investors have recently added to or reduced their stakes in RKLB. Wilmington Savings Fund Society FSB purchased a new position in Rocket Lab during the third quarter valued at approximately $25,000. Hara Capital LLC purchased a new stake in Rocket Lab in the 3rd quarter worth approximately $25,000. UMB Bank n.a. raised its position in shares of Rocket Lab by 352.5% in the third quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after acquiring an additional 423 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Rocket Lab during the 3rd quarter valued at approximately $27,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

About Rocket Lab

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.