SBI Securities Co. Ltd. Makes New Investment in Rocket Lab USA, Inc. (NASDAQ:RKLB)

SBI Securities Co. Ltd. bought a new stake in Rocket Lab USA, Inc. (NASDAQ:RKLB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 176,960 shares of the rocket manufacturer’s stock, valued at approximately $4,507,000.

Several other large investors have also made changes to their positions in RKLB. Creative Planning boosted its position in Rocket Lab USA by 39.1% in the third quarter. Creative Planning now owns 83,547 shares of the rocket manufacturer’s stock valued at $813,000 after buying an additional 23,504 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Rocket Lab USA by 33.1% in the 3rd quarter. Van ECK Associates Corp now owns 131,076 shares of the rocket manufacturer’s stock worth $1,275,000 after acquiring an additional 32,618 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of Rocket Lab USA in the 3rd quarter worth approximately $146,000. Concurrent Investment Advisors LLC bought a new stake in Rocket Lab USA during the 3rd quarter worth approximately $132,000. Finally, GSA Capital Partners LLP acquired a new stake in Rocket Lab USA during the 3rd quarter valued at $139,000. Institutional investors own 71.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RKLB shares. TD Cowen upgraded Rocket Lab USA to a “strong-buy” rating in a report on Monday, February 24th. Wells Fargo & Company increased their price objective on shares of Rocket Lab USA from $13.50 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. The Goldman Sachs Group upped their target price on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Stifel Nicolaus raised their price target on shares of Rocket Lab USA from $26.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Bank of America boosted their price objective on shares of Rocket Lab USA from $10.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.61.

Rocket Lab USA Stock Performance

RKLB stock opened at $20.44 on Friday. The business’s fifty day moving average is $26.71 and its 200-day moving average is $17.91. The company has a market cap of $10.22 billion, a P/E ratio of -55.25 and a beta of 1.99. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. Rocket Lab USA, Inc. has a twelve month low of $3.47 and a twelve month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The firm had revenue of $132.39 million during the quarter, compared to analyst estimates of $130.58 million. Equities research analysts forecast that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.

Insider Buying and Selling at Rocket Lab USA

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

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.