15,686 Shares in Rocket Lab USA, Inc. (NASDAQ:RKLB) Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC acquired a new stake in Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,686 shares of the rocket manufacturer's stock, valued at approximately $400,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC grew its stake in Rocket Lab USA by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 79,943 shares of the rocket manufacturer's stock valued at $2,187,000 after acquiring an additional 334 shares during the last quarter. Wellington Shields & Co. LLC grew its position in shares of Rocket Lab USA by 0.5% in the fourth quarter. Wellington Shields & Co. LLC now owns 74,522 shares of the rocket manufacturer's stock valued at $1,898,000 after purchasing an additional 383 shares during the last quarter. Signaturefd LLC grew its position in shares of Rocket Lab USA by 12.2% in the fourth quarter. Signaturefd LLC now owns 6,014 shares of the rocket manufacturer's stock valued at $153,000 after purchasing an additional 653 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Rocket Lab USA by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 15,078 shares of the rocket manufacturer's stock worth $384,000 after purchasing an additional 746 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Rocket Lab USA by 12.3% during the 4th quarter. IFP Advisors Inc now owns 6,885 shares of the rocket manufacturer's stock worth $175,000 after purchasing an additional 753 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

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Rocket Lab USA Trading Down 7.5 %

Rocket Lab USA stock traded down $1.45 during trading on Thursday, reaching $17.89. The company had a trading volume of 16,520,849 shares, compared to its average volume of 14,774,580. Rocket Lab USA, Inc. has a 12-month low of $3.47 and a 12-month high of $33.34. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. The stock's 50 day moving average price is $23.12 and its two-hundred day moving average price is $19.89. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of -48.35 and a beta of 2.06.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). The firm had revenue of $132.39 million for the quarter, compared to analyst estimates 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, equities analysts expect that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal year.

Insider Transactions at Rocket Lab USA

In related news, insider Frank Klein sold 1,835 shares of Rocket Lab USA stock in a transaction on Monday, March 17th. The shares were sold at an average price of $19.93, for a total transaction of $36,571.55. Following the transaction, the insider now owns 1,417,644 shares in the company, valued at approximately $28,253,644.92. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 13.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on RKLB. Wells Fargo & Company dropped their price target on Rocket Lab USA from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Morgan Stanley lifted their price objective on Rocket Lab USA from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Citigroup reduced their target price on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group lifted their price target on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus upped their price objective on shares of Rocket Lab USA from $26.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.06.

Rocket Lab USA 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.