Rocket Lab USA, Inc. (NASDAQ:RKLB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Rocket Lab USA, Inc. (NASDAQ:RKLB) has been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $22.28.

RKLB has been the subject of a number of research reports. TD Cowen raised Rocket Lab USA to a “strong-buy” rating in a research note on Thursday, December 19th. Citigroup lifted their price target on shares of Rocket Lab USA from $22.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their price objective 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. Wells Fargo & Company lifted their price objective on shares of Rocket Lab USA from $13.50 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Finally, Stifel Nicolaus boosted their target price on shares of Rocket Lab USA from $26.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th.

Insiders Place Their Bets

In related news, Director Nina Armagno sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.63, for a total transaction of $236,300.00. Following the completion of the sale, the director now directly owns 132,294 shares of the company’s stock, valued at approximately $3,126,107.22. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alexander R. Slusky sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $23.00, for a total value of $1,150,000.00. Following the completion of the transaction, the director now directly owns 534,675 shares in the company, valued at approximately $12,297,525. This represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 13.70% of the company’s stock.

Institutional Trading of Rocket Lab USA

Large investors have recently added to or reduced their stakes in the stock. Spectrum Wealth Counsel LLC bought a new position in shares of Rocket Lab USA during the 4th quarter valued at approximately $25,000. Sandy Spring Bank purchased a new position in Rocket Lab USA in the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Rocket Lab USA during the fourth quarter valued at $40,000. Quarry LP purchased a new stake in Rocket Lab USA in the fourth quarter worth $48,000. Finally, NewEdge Advisors LLC raised its stake in shares of Rocket Lab USA by 1,000.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer’s stock valued at $49,000 after buying an additional 1,750 shares during the period. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Rocket Lab USA Stock Performance

Shares of RKLB opened at $22.49 on Tuesday. Rocket Lab USA has a one year low of $3.47 and a one year high of $33.34. The company has a market cap of $11.24 billion, a PE ratio of -60.78 and a beta of 1.99. The stock has a 50-day moving average of $27.09 and a 200-day moving average of $17.45. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16.

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.