Nomura Asset Management Co. Ltd. Has $3.57 Million Stock Holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Nomura Asset Management Co. Ltd. decreased its stake in Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 38.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140,267 shares of the rocket manufacturer's stock after selling 87,171 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Rocket Lab USA were worth $3,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RKLB. Geode Capital Management LLC lifted its holdings in shares of Rocket Lab USA by 12.2% in the third quarter. Geode Capital Management LLC now owns 8,253,035 shares of the rocket manufacturer's stock valued at $80,317,000 after purchasing an additional 898,223 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Rocket Lab USA in the 4th quarter worth about $21,896,000. Vanguard Group Inc. boosted its position in Rocket Lab USA by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 36,195,577 shares of the rocket manufacturer's stock worth $921,901,000 after acquiring an additional 668,093 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Rocket Lab USA by 22.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,878,357 shares of the rocket manufacturer's stock valued at $28,006,000 after purchasing an additional 532,207 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of Rocket Lab USA by 94.8% in the fourth quarter. Prudential Financial Inc. now owns 808,900 shares of the rocket manufacturer's stock worth $20,603,000 after purchasing an additional 393,730 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company's stock.

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Rocket Lab USA Stock Performance

Rocket Lab USA stock traded down $1.52 during trading hours on Friday, reaching $16.37. 22,730,853 shares of the company were exchanged, compared to its average volume of 14,888,483. Rocket Lab USA, Inc. has a 12 month low of $3.47 and a 12 month high of $33.34. 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 50-day moving average of $22.57 and a 200 day moving average of $20.03. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of -44.24 and a beta of 2.06.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $132.39 million for the quarter, compared to the consensus estimate of $130.58 million. Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. As a group, research analysts anticipate that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current year.

Insider Activity

In other news, insider Frank Klein sold 1,835 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $19.93, for a total value of $36,571.55. Following the completion of the sale, the insider now directly owns 1,417,644 shares of the company's stock, valued at approximately $28,253,644.92. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Rocket Lab USA from $12.00 to $13.50 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Citigroup dropped their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. KeyCorp reduced their price objective on Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Morgan Stanley boosted their target price on Rocket Lab USA from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, Stifel Nicolaus raised their price target on Rocket Lab USA from $26.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.06.

Rocket Lab USA 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.