Analysts Issue Forecasts for Rocket Lab USA FY2025 Earnings

Rocket Lab USA, Inc. (NASDAQ:RKLB) – Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Rocket Lab USA in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard anticipates that the rocket manufacturer will earn ($0.18) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $24.00 price target on the stock. The consensus estimate for Rocket Lab USA’s current full-year earnings is ($0.34) per share.

Other equities analysts have also issued reports about the company. Bank of America upped their target price on Rocket Lab USA from $10.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on Rocket Lab USA from $12.00 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Stifel Nicolaus increased their target price on Rocket Lab USA from $26.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Citigroup raised their price objective 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. Finally, KeyCorp upped their target price on shares of Rocket Lab USA from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. 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 stock. Based on data from MarketBeat.com, Rocket Lab USA currently has a consensus rating of “Moderate Buy” and an average target price of $20.06.

Rocket Lab USA Stock Down 5.3 %

Rocket Lab USA stock opened at $29.62 on Thursday. 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 has a market cap of $14.81 billion, a PE ratio of -80.05 and a beta of 1.98. Rocket Lab USA has a fifty-two week low of $3.47 and a fifty-two week high of $31.64. The firm’s 50-day simple moving average is $24.56 and its 200 day simple moving average is $13.71.

Insider Transactions at Rocket Lab USA

In other Rocket Lab USA news, Director Matthew Ocko sold 2,000,000 shares of Rocket Lab USA stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $17.73, for a total value of $35,460,000.00. Following the transaction, the director now directly owns 2,351,135 shares of the company’s stock, valued at $41,685,623.55. The trade was a 45.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Klein sold 35,968 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.15, for a total value of $868,627.20. Following the completion of the sale, the insider now owns 1,464,032 shares of the company’s stock, valued at $35,356,372.80. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,114,530 shares of company stock worth $38,168,400. 13.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Amalgamated Bank increased its position in Rocket Lab USA by 26.7% during the 2nd quarter. Amalgamated Bank now owns 12,038 shares of the rocket manufacturer’s stock valued at $58,000 after purchasing an additional 2,538 shares during the period. DRW Securities LLC bought a new position in shares of Rocket Lab USA during the second quarter valued at approximately $125,000. Xponance Inc. grew its stake in shares of Rocket Lab USA by 29.1% in the 2nd quarter. Xponance Inc. now owns 22,185 shares of the rocket manufacturer’s stock worth $106,000 after buying an additional 4,997 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Rocket Lab USA by 21.2% in the second quarter. The Manufacturers Life Insurance Company now owns 205,190 shares of the rocket manufacturer’s stock worth $985,000 after acquiring an additional 35,849 shares in the last quarter. Finally, Scientech Research LLC raised its holdings in Rocket Lab USA by 135.4% in the second quarter. Scientech Research LLC now owns 182,520 shares of the rocket manufacturer’s stock worth $876,000 after buying an additional 104,980 shares during the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

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.