Rocket Lab (NASDAQ:RKLB) Stock Price Down 1.1% – Here’s Why

Rocket Lab Corporation (NASDAQ:RKLB) dropped 1.1% during mid-day trading on Friday . The stock traded as low as $63.70 and last traded at $66.27. Approximately 16,774,834 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 21,035,688 shares. The stock had previously closed at $67.00.

Analyst Upgrades and Downgrades

RKLB has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Bank of America raised their target price on shares of Rocket Lab from $30.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Roth Capital reaffirmed a “buy” rating on shares of Rocket Lab in a research note on Friday, August 29th. KeyCorp raised their target price on shares of Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.75.

Rocket Lab Stock Down 1.1%

The firm’s 50 day moving average is $50.68 and its two-hundred day moving average is $37.41. The firm has a market cap of $32.07 billion, a P/E ratio of -147.27 and a beta of 2.14. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insider Activity

In other Rocket Lab news, insider Frank Klein sold 4,286 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $47.72, for a total transaction of $204,527.92. Following the sale, the insider directly owned 1,316,005 shares in the company, valued at approximately $62,799,758.60. This trade represents a 0.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matthew Ocko sold 1,873,097 shares of the firm’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 transaction of $90,283,275.40. Following the sale, the director owned 541,526 shares in the company, valued at $26,101,553.20. This trade represents a 77.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,406,361 shares of company stock worth $267,483,973. Corporate insiders own 11.90% of the company’s stock.

Institutional Trading of Rocket Lab

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Rocket Lab in the second quarter valued at approximately $192,918,000. Sender Co & Partners Inc. acquired a new stake in shares of Rocket Lab in the first quarter valued at approximately $621,000. McGuire Investment Group LLC raised its holdings in shares of Rocket Lab by 91.3% in the second quarter. McGuire Investment Group LLC now owns 196,107 shares of the rocket manufacturer’s stock valued at $7,015,000 after purchasing an additional 93,613 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Rocket Lab by 6.4% in the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock valued at $38,057,000 after purchasing an additional 128,907 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Rocket Lab by 186.0% in the first quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer’s stock valued at $24,984,000 after purchasing an additional 908,808 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

About Rocket Lab

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.