Needham & Company LLC Issues Positive Forecast for Rocket Lab (NASDAQ:RKLB) Stock Price

Rocket Lab (NASDAQ:RKLB) had its target price lifted by Needham & Company LLC from $55.00 to $63.00 in a research note published on Wednesday morning, MarketBeat.com reports. Needham & Company LLC currently has a buy rating on the rocket manufacturer’s stock.

A number of other analysts also recently commented on the company. Robert W. Baird assumed coverage on Rocket Lab in a research report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Roth Capital reiterated a “buy” rating and issued a $75.00 price target on shares of Rocket Lab in a research report on Tuesday. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, KeyCorp increased their target price on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given 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 $57.33.

Rocket Lab Stock Down 9.4%

Shares of NASDAQ RKLB traded down $4.72 during midday trading on Wednesday, hitting $45.25. The company’s stock had a trading volume of 26,146,500 shares, compared to its average volume of 20,815,697. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of -119.08 and a beta of 2.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.33. Rocket Lab has a 1 year low of $14.71 and a 1 year high of $73.97. The business’s fifty day simple moving average is $55.86 and its two-hundred day simple moving average is $42.57.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The company had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. During the same period in the prior year, the firm posted ($0.10) EPS. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. Rocket Lab has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Rocket Lab will post -0.38 EPS for the current year.

Insider Activity

In related news, SVP Arjun Kampani sold 9,416 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total value of $449,143.20. Following the transaction, the senior vice president owned 489,629 shares in the company, valued at approximately $23,355,303.30. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Ocko sold 1,873,097 shares of the business’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 of the company’s stock, valued at approximately $26,101,553.20. This represents a 77.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,406,361 shares of company stock worth $267,483,973. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Rocket Lab

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Rocket Lab during the third quarter valued at approximately $25,000. Hara Capital LLC purchased a new position in Rocket Lab in the 3rd quarter valued at about $25,000. UMB Bank n.a. increased its position in shares of Rocket Lab by 352.5% during the third quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Rocket Lab in the third quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Rocket Lab 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.