Rocket Lab (NASDAQ:RKLB) Shares Up 5.3% – What’s Next?

Rocket Lab Corporation (NASDAQ:RKLB)’s stock price rose 5.3% on Monday . The stock traded as high as $42.53 and last traded at $42.45. Approximately 19,981,513 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 20,782,313 shares. The stock had previously closed at $40.30.

Analyst Ratings Changes

A number of equities analysts have recently commented on RKLB shares. Morgan Stanley decreased their price target on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Cantor Fitzgerald increased their target price on Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Robert W. Baird assumed coverage on Rocket Lab in a research report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 price target on the stock. Citigroup reiterated a “market perform” rating on shares of Rocket Lab in a report on Wednesday, November 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $63.00 price objective on shares of Rocket Lab in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.17.

Rocket Lab Price Performance

The firm has a fifty day moving average of $54.79 and a two-hundred day moving average of $44.00. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The business’s revenue was up 48.0% on a year-over-year basis. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insider Transactions at Rocket Lab

In other Rocket Lab news, SVP Arjun Kampani sold 31,185 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total value of $1,527,129.45. Following the completion of the sale, the senior vice president owned 499,045 shares in the company, valued at approximately $24,438,233.65. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Adam C. Spice sold 874,588 shares of Rocket Lab stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the completion of the sale, the chief financial officer owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,558,242 shares of company stock valued at $273,657,955. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RKLB. CIBC Private Wealth Group LLC lifted its position in shares of Rocket Lab by 28.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,948 shares of the rocket manufacturer’s stock worth $381,000 after purchasing an additional 1,747 shares during the period. CIBC Bancorp USA Inc. bought a new position in Rocket Lab in the third quarter worth about $741,000. Centaurus Financial Inc. purchased a new stake in Rocket Lab in the third quarter worth about $286,000. Coldstream Capital Management Inc. bought a new stake in Rocket Lab during the 3rd quarter valued at approximately $224,000. Finally, Danske Bank A S purchased a new position in shares of Rocket Lab during the 3rd quarter worth approximately $10,623,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

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.