Rocket Lab USA (NASDAQ:RKLB) Shares Up 1.6% – Should You Buy?

Rocket Lab USA, Inc. (NASDAQ:RKLB) was up 1.6% on Tuesday . The company traded as high as $18.00 and last traded at $18.18. Approximately 4,047,943 shares were traded during trading, a decline of 78% from the average daily volume of 18,633,773 shares. The stock had previously closed at $17.88.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RKLB shares. Stifel Nicolaus upped their price objective on Rocket Lab USA from $26.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. TD Cowen raised Rocket Lab USA to a “strong-buy” rating in a research note on Monday, February 24th. KeyCorp decreased their price target on shares of 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. Citigroup lowered their price objective on shares of Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, The Goldman Sachs Group increased their target price on shares of Rocket Lab USA from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rocket Lab USA presently has a consensus rating of “Moderate Buy” and an average target price of $23.06.

Rocket Lab USA Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16. The stock has a market capitalization of $8.09 billion, a PE ratio of -48.20 and a beta of 2.06. The company has a 50 day moving average price of $23.59 and a 200-day moving average price of $19.82.

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

Insider Buying and Selling at Rocket Lab USA

In other Rocket Lab USA news, insider Frank Klein sold 44,553 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $18.18, for a total transaction of $809,973.54. Following the completion of the transaction, the insider now owns 1,419,479 shares of the company’s stock, valued at approximately $25,806,128.22. This trade represents a 3.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 13.70% of the company’s stock.

Institutional Trading of Rocket Lab USA

Hedge funds and other institutional investors have recently modified their holdings of the business. Spectrum Wealth Counsel LLC bought a new stake in Rocket Lab USA during the fourth quarter worth about $25,000. Sandy Spring Bank bought a new stake in shares of Rocket Lab USA in the 4th quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Rocket Lab USA in the 1st quarter worth approximately $29,000. Wingate Wealth Advisors Inc. bought a new position in Rocket Lab USA during the 4th quarter valued at approximately $40,000. Finally, Quarry LP purchased a new position in Rocket Lab USA during the fourth quarter valued at $48,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

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.