Rocket Lab (NASDAQ:RKLB) Trading Down 1.2% – Should You Sell?

Rocket Lab Corporation (NASDAQ:RKLB) shares traded down 1.2% on Tuesday . The stock traded as low as $41.23 and last traded at $42.78. 16,598,153 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 20,799,443 shares. The stock had previously closed at $43.31.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RKLB shares. Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. KeyCorp raised their price objective on Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Wall Street Zen raised Rocket Lab from a “strong sell” rating to a “hold” rating in a research report on Saturday. Robert W. Baird assumed coverage on Rocket Lab in a report on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 price target for the company. Finally, Citigroup restated a “market perform” rating on shares of Rocket Lab in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.33.

Rocket Lab Stock Performance

The firm’s fifty day simple moving average is $55.82 and its 200 day simple moving average is $43.19. The company has a market capitalization of $20.70 billion, a PE ratio of -112.58 and a beta of 2.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The business had revenue of $155.08 million during the quarter, compared to analyst estimates of $152.45 million. During the same quarter last year, the business posted ($0.10) EPS. The company’s revenue was up 48.0% on a year-over-year basis. Rocket Lab has set its Q4 2025 guidance at EPS. On average, research analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Buying and Selling

In other Rocket Lab news, Director Matthew Ocko sold 1,873,097 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total value of $90,283,275.40. Following the sale, the director owned 541,526 shares in the company, valued at approximately $26,101,553.20. This represents a 77.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Arjun Kampani sold 31,185 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total transaction of $1,527,129.45. Following the transaction, the senior vice president directly owned 499,045 shares of the company’s stock, valued at approximately $24,438,233.65. This trade represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,406,361 shares of company stock valued at $267,483,973 in the last three months. 11.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rocket Lab

A number of institutional investors have recently modified their holdings of RKLB. Envestnet Asset Management Inc. raised its holdings in Rocket Lab by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer’s stock worth $420,000 after purchasing an additional 1,749 shares during the period. New York State Common Retirement Fund increased its position in shares of Rocket Lab by 23.6% in the first quarter. New York State Common Retirement Fund now owns 133,371 shares of the rocket manufacturer’s stock valued at $2,385,000 after buying an additional 25,483 shares in the last quarter. CWM LLC raised its stake in shares of Rocket Lab by 50.9% during the 1st quarter. CWM LLC now owns 7,935 shares of the rocket manufacturer’s stock worth $142,000 after buying an additional 2,678 shares during the period. Victory Capital Management Inc. lifted its position in shares of Rocket Lab by 661.5% during the 1st quarter. Victory Capital Management Inc. now owns 345,740 shares of the rocket manufacturer’s stock valued at $6,182,000 after buying an additional 300,337 shares in the last quarter. Finally, Miller Financial Services LLC acquired a new stake in Rocket Lab in the 1st quarter valued at $179,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab 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.