Rocket Lab’s (RKLB) “Overweight” Rating Reiterated at KeyCorp

KeyCorp restated their overweight rating on shares of Rocket Lab (NASDAQ:RKLB) in a research note issued to investors on Tuesday, MarketBeat.com reports. KeyCorp currently has a $100.00 price target on the rocket manufacturer’s stock.

RKLB has been the topic of a number of other reports. Raymond James Financial initiated coverage on shares of Rocket Lab in a report on Friday, September 11th. They set an “outperform” rating and a $80.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research report on Thursday, October 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Rocket Lab in a research report on Friday, October 16th. Wall Street Zen lowered shares of Rocket Lab from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Barclays assumed coverage on shares of Rocket Lab in a report on Friday, October 9th. They issued an “overweight” rating and a $85.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given 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 $99.10.

Rocket Lab Trading Down 3.1%

Shares of RKLB opened at $64.07 on Tuesday. Rocket Lab has a 52 week low of $37.57 and a 52 week high of $151.00. The stock has a 50 day moving average of $62.51 and a 200-day moving average of $78.48.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Monday, November 9th. The rocket manufacturer reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.05). Rocket Lab had a negative net margin of 25.73% and a negative return on equity of 5.79%. The firm had revenue of $267.83 million for the quarter, compared to analyst estimates of $257.21 million. Analysts expect that Rocket Lab will post -0.20 earnings per share for the current fiscal year.

Insider Transactions at Rocket Lab

In other Rocket Lab news, CFO Adam C. Spice sold 140,157 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $52.79, for a total transaction of $7,398,888.03. Following the completion of the transaction, the chief financial officer owned 1,155,967 shares in the company, valued at approximately $61,023,497.93. The trade was a 10.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Arjun Kampani sold 6,034 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $66.65, for a total transaction of $402,166.10. Following the completion of the sale, the senior vice president directly owned 250,917 shares of the company’s stock, valued at $16,723,618.05. The trade was a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 551,832 shares of company stock worth $34,940,037 over the last 90 days. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Rocket Lab

Several hedge funds have recently modified their holdings of RKLB. Hilton Head Capital Partners LLC raised its position in Rocket Lab by 3,590.0% in the third quarter. Hilton Head Capital Partners LLC now owns 369 shares of the rocket manufacturer’s stock worth $26,000 after acquiring an additional 359 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Rocket Lab during the 2nd quarter valued at $30,000. Highland Investment Advisors LLC purchased a new stake in Rocket Lab in the 2nd quarter worth about $30,000. NBH Bank purchased a new stake in shares of Rocket Lab in the second quarter worth approximately $30,000. Finally, Cherry Tree Wealth Management LLC acquired a new stake in shares of Rocket Lab during the 2nd quarter valued at $32,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Rocket Lab

These are some of the RKLB headlines that stood out recently:

• Positive Sentiment: Rocket Lab says its 100th Electron launch is scheduled for November 14, a major operational milestone. The mission will carry an Earth-imaging satellite for Japan’s iQPS, highlighting continued launch activity and execution in the small-satellite market. Rocket Lab To Launch Milestone 100th Electron Rocket This Week
• Negative Sentiment: The latest quarterly results showed revenue up about 73% year over year to $267.8 million and above expectations, but Rocket Lab’s loss per share was wider than analysts expected. The earnings miss, along with Neutron’s launch delay to 2027, has weighed on sentiment despite record backlog and demand. Q3 Earnings Call Highlights Neutron Demand and Launch Delays
• Negative Sentiment: Several analysts have cut price targets, including Piper Sandler (to $58 from $83) and Morgan Stanley (to $103 from $105), reflecting caution around execution and valuation. Berenberg’s modest increase offers a counterpoint, leaving analyst views mixed. Piper Sandler Cuts Rocket Lab Price Target

About Rocket Lab

Rocket Lab is a space company that provides launch services and spacecraft and satellite systems for commercial, civil, and national security customers. Founded in 2006 by Peter Beck, the company operates internationally, with headquarters in Long Beach, California, and launch operations in New Zealand and the United States. Its launch business centers on Electron, a small orbital rocket designed to carry satellites to space, and HASTE, a suborbital vehicle used for hypersonic test missions. Rocket Lab is also developing Neutron, a larger launch vehicle.