Rocket Lab USA, Inc. (NASDAQ:RKLB) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,195,577 shares of the rocket manufacturer's stock after purchasing an additional 668,093 shares during the period. Vanguard Group Inc. owned about 7.24% of Rocket Lab USA worth $921,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Spectrum Wealth Counsel LLC purchased a new stake in Rocket Lab USA during the fourth quarter worth about $25,000. Sandy Spring Bank purchased a new stake in shares of Rocket Lab USA during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Rocket Lab USA during the 4th quarter worth approximately $40,000. New Millennium Group LLC grew its holdings in shares of Rocket Lab USA by 105.0% in the 4th quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer's stock worth $52,000 after acquiring an additional 1,050 shares during the period. Finally, AlphaQuest LLC purchased a new position in Rocket Lab USA in the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 71.78% of the company's stock.

Insiders Place Their Bets

In other Rocket Lab USA news, insider Frank Klein sold 1,835 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $28,253,644.92. This trade represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.70% of the stock is owned by corporate insiders.

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Rocket Lab USA Trading Up 1.5 %

NASDAQ RKLB traded up $0.27 during mid-day trading on Tuesday, reaching $18.15. 14,007,712 shares of the stock were exchanged, compared to its average volume of 14,755,571. The stock has a market capitalization of $8.23 billion, a PE ratio of -49.05 and a beta of 2.06. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. Rocket Lab USA, Inc. has a 1-year low of $3.47 and a 1-year high of $33.34. The business's fifty day simple moving average is $23.33 and its 200 day simple moving average is $19.89.

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 business 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%. On average, research analysts anticipate that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. The Goldman Sachs Group boosted their target price on Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. KeyCorp decreased their price objective on shares of Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Morgan Stanley raised their target price on shares of Rocket Lab USA from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. TD Cowen raised shares of Rocket Lab USA to a "strong-buy" rating in a report on Monday, February 24th. Finally, Stifel Nicolaus raised their price objective on shares of 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.