Kestra Advisory Services LLC boosted its stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB – Free Report) by 216.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,180 shares of the rocket manufacturer’s stock after purchasing an additional 86,340 shares during the quarter. Kestra Advisory Services LLC’s holdings in Rocket Lab USA were worth $553,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Rocket Lab USA by 806.4% in the first quarter. Vanguard Group Inc. now owns 21,373,494 shares of the rocket manufacturer’s stock worth $172,057,000 after acquiring an additional 19,015,363 shares during the last quarter. State Street Corp grew its stake in shares of Rocket Lab USA by 1,164.6% during the first quarter. State Street Corp now owns 7,942,133 shares of the rocket manufacturer’s stock worth $63,934,000 after purchasing an additional 7,314,121 shares in the last quarter. BlackRock Inc. grew its stake in shares of Rocket Lab USA by 165.6% during the first quarter. BlackRock Inc. now owns 6,444,486 shares of the rocket manufacturer’s stock worth $51,878,000 after purchasing an additional 4,017,797 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in Rocket Lab USA by 20.8% in the second quarter. ArrowMark Colorado Holdings LLC now owns 8,591,899 shares of the rocket manufacturer’s stock valued at $51,551,000 after buying an additional 1,478,505 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Rocket Lab USA by 460.0% during the 2nd quarter. Northern Trust Corp now owns 1,759,047 shares of the rocket manufacturer’s stock worth $6,666,000 after buying an additional 1,444,907 shares during the last quarter. Institutional investors and hedge funds own 54.19% of the company’s stock.
Rocket Lab USA Stock Down 2.5 %
Shares of RKLB opened at $4.59 on Thursday. The company’s 50 day simple moving average is $4.92 and its 200-day simple moving average is $4.87. Rocket Lab USA, Inc. has a 12-month low of $3.62 and a 12-month high of $8.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.33 and a current ratio of 1.67.
Rocket Lab USA (NASDAQ:RKLB – Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $59.99 million during the quarter, compared to analyst estimates of $62.90 million. Rocket Lab USA had a negative net margin of 74.64% and a negative return on equity of 29.82%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. Sell-side analysts expect that Rocket Lab USA, Inc. will post -0.31 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 target price on shares of Rocket Lab USA in a research report on Friday, December 22nd. KeyCorp assumed coverage on shares of Rocket Lab USA in a report on Wednesday, January 17th. They set an “overweight” rating and a $8.00 price objective on the stock. Finally, Citigroup restated a “buy” rating and issued a $6.00 target price on shares of Rocket Lab USA in a report on Monday, February 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.88.
Check Out Our Latest Stock Analysis on RKLB
About Rocket Lab USA
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.
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