Westbourne Investments Inc. Makes New Investment in Rocket Lab Corporation $RKLB

Westbourne Investments Inc. purchased a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) in the second quarter, according to its most recent filing with the SEC. The firm purchased 8,500 shares of the rocket manufacturer’s stock, valued at approximately $304,000.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Rocket Lab by 118.1% during the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 860 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new stake in Rocket Lab during the 1st quarter worth about $29,000. Farther Finance Advisors LLC grew its holdings in Rocket Lab by 181.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock worth $35,000 after acquiring an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC grew its holdings in Rocket Lab by 100.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock worth $36,000 after acquiring an additional 1,000 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Rocket Lab by 39.8% during the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer’s stock worth $56,000 after purchasing an additional 887 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab Trading Down 12.6%

NASDAQ:RKLB opened at $47.24 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The firm has a market cap of $22.64 billion, a price-to-earnings ratio of -104.98 and a beta of 2.17. Rocket Lab Corporation has a 52 week low of $7.00 and a 52 week high of $55.17. The firm has a 50-day moving average price of $45.72 and a two-hundred day moving average price of $31.43.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The firm had revenue of $144.50 million during the quarter, compared to analysts’ expectations of $135.42 million. During the same quarter last year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Merline Saintil sold 6,353 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total transaction of $212,063.14. Following the completion of the sale, the director owned 419,569 shares in the company, valued at $14,005,213.22. This trade represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Craig Hallum assumed coverage on shares of Rocket Lab in a research report on Monday, July 28th. They set a “hold” rating and a $51.00 price objective on the stock. Bank of America increased their price objective on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Cantor Fitzgerald increased their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $55.00 price objective on shares of Rocket Lab in a research report on Wednesday, September 3rd. Finally, Roth Capital reissued a “buy” rating on shares of Rocket Lab in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rocket Lab presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.27.

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.