Nomura Holdings Inc. Makes New Investment in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Nomura Holdings Inc. purchased a new position in Rocket Lab USA, Inc. (NASDAQ:RKLB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,578 shares of the rocket manufacturer’s stock, valued at approximately $1,339,000.

Several other institutional investors have also added to or reduced their stakes in RKLB. Hennion & Walsh Asset Management Inc. boosted its holdings in Rocket Lab USA by 3.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 91,872 shares of the rocket manufacturer’s stock worth $2,340,000 after acquiring an additional 3,479 shares in the last quarter. Udine Wealth Management Inc. acquired a new stake in Rocket Lab USA in the fourth quarter worth about $1,342,000. Ariose Capital Management Ltd acquired a new stake in Rocket Lab USA in the fourth quarter worth about $1,871,000. Nisa Investment Advisors LLC boosted its holdings in Rocket Lab USA by 134.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,290 shares of the rocket manufacturer’s stock worth $237,000 after acquiring an additional 5,325 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Rocket Lab USA by 478.6% in the fourth quarter. Avior Wealth Management LLC now owns 6,966 shares of the rocket manufacturer’s stock worth $177,000 after acquiring an additional 5,762 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. KeyCorp decreased their target price on Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Wells Fargo & Company decreased their target price on Rocket Lab USA from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lifted their target price on Rocket Lab USA from $14.35 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Citigroup decreased their target price on 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, Morgan Stanley lifted their target price on Rocket Lab USA from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.50.

Insider Activity

In other news, insider Frank Klein sold 44,553 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $18.18, for a total value of $809,973.54. Following the completion of the sale, the insider now directly owns 1,419,479 shares in the company, valued at $25,806,128.22. The trade was a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.70% of the company’s stock.

Rocket Lab USA Stock Up 1.4%

Shares of RKLB stock opened at $25.57 on Friday. The stock has a 50 day moving average of $20.19 and a 200 day moving average of $22.48. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The stock has a market cap of $11.60 billion, a P/E ratio of -69.11 and a beta of 2.04. Rocket Lab USA, Inc. has a twelve month low of $4.15 and a twelve month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The company had revenue of $122.57 million for the quarter, compared to analysts’ expectations of $120.74 million. Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. As a group, sell-side analysts expect that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.

Rocket Lab USA 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.