Rocket Lab USA, Inc. (NASDAQ:RKLB) Given Consensus Rating of “Moderate Buy” by Analysts

Rocket Lab USA, Inc. (NASDAQ:RKLB) has received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.06.

Several research analysts have issued reports on RKLB shares. Stifel Nicolaus lifted their price target on shares of Rocket Lab USA from $26.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Citigroup decreased their target price on Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 28th. TD Cowen raised Rocket Lab USA to a “strong-buy” rating in a report on Monday, February 24th. KeyCorp dropped their price target on Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, The Goldman Sachs Group boosted their price objective on Rocket Lab USA from $12.00 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th.

Insider Buying and Selling at Rocket Lab USA

In other news, insider Frank Klein sold 1,835 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $19.93, for a total value of $36,571.55. Following the completion of the sale, the insider now directly owns 1,417,644 shares of the company’s stock, valued at $28,253,644.92. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Spectrum Wealth Counsel LLC acquired a new stake in shares of Rocket Lab USA during the 4th quarter valued at $25,000. Sandy Spring Bank purchased a new stake in shares of Rocket Lab USA during the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Rocket Lab USA during the fourth quarter valued at $40,000. Quarry LP purchased a new position in Rocket Lab USA in the fourth quarter valued at about $48,000. Finally, NewEdge Advisors LLC increased its position in Rocket Lab USA by 1,000.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer’s stock worth $49,000 after purchasing an additional 1,750 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab USA Trading Up 1.1 %

Shares of Rocket Lab USA stock opened at $18.62 on Friday. The business has a fifty day simple moving average of $23.71 and a 200-day simple moving average of $19.56. Rocket Lab USA has a fifty-two week low of $3.47 and a fifty-two week high of $33.34. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of -50.32 and a beta of 2.06. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97.

Rocket Lab USA (NASDAQ:RKLB) last issued its quarterly earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $132.39 million during the quarter, compared to analyst estimates of $130.58 million. Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. On average, equities analysts forecast that Rocket Lab USA will post -0.38 EPS for the current fiscal year.

Rocket Lab USA 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.