Natixis Advisors LLC Purchases Shares of 11,436 Rocket Lab USA, Inc. (NASDAQ:RKLB)

Natixis Advisors LLC purchased a new stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,436 shares of the rocket manufacturer’s stock, valued at approximately $291,000.

Several other institutional investors have also recently made changes to their positions in RKLB. Catalyst Funds Management Pty Ltd purchased a new stake in Rocket Lab USA during the fourth quarter valued at approximately $502,000. Wellington Shields & Co. LLC increased its stake in shares of Rocket Lab USA by 0.5% in the 4th quarter. Wellington Shields & Co. LLC now owns 74,522 shares of the rocket manufacturer’s stock worth $1,898,000 after purchasing an additional 383 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Rocket Lab USA by 4.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 97,109 shares of the rocket manufacturer’s stock worth $2,473,000 after purchasing an additional 3,841 shares during the period. Swiss National Bank lifted its position in Rocket Lab USA by 10.0% during the fourth quarter. Swiss National Bank now owns 634,900 shares of the rocket manufacturer’s stock valued at $16,171,000 after purchasing an additional 57,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Rocket Lab USA during the fourth quarter valued at about $21,896,000. Institutional investors own 71.78% of the company’s stock.

Rocket Lab USA Trading Up 1.1 %

Shares of Rocket Lab USA stock opened at $18.62 on Friday. Rocket Lab USA, Inc. has a twelve month low of $3.47 and a twelve month high of $33.34. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $23.71 and a 200-day moving average price of $19.56. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of -50.32 and a beta of 2.06.

Rocket Lab USA (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $132.39 million during 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%. Equities research analysts anticipate that Rocket Lab USA, Inc. will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling at Rocket Lab USA

In related news, insider Frank Klein sold 1,835 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $19.93, for a total transaction of $36,571.55. Following the sale, the insider now owns 1,417,644 shares in the company, valued at approximately $28,253,644.92. This represents a 0.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RKLB. KeyCorp lowered their price objective on 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. Wells Fargo & Company dropped their price target on shares of 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. The Goldman Sachs Group increased their price objective on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. TD Cowen upgraded shares of Rocket Lab USA to a “strong-buy” rating in a research note on Monday, February 24th. Finally, Morgan Stanley increased their price target on Rocket Lab USA from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Five 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.06.

About Rocket Lab USA

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.