Catalyst Funds Management Pty Ltd bought a new position in Rocket Lab USA, Inc. (NASDAQ:RKLB – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 19,700 shares of the rocket manufacturer’s stock, valued at approximately $502,000.
Other hedge funds have also bought and sold shares of the company. Spectrum Wealth Counsel LLC purchased a new stake in shares of Rocket Lab USA during the fourth quarter valued at $25,000. Wingate Wealth Advisors Inc. purchased a new stake in Rocket Lab USA during the 4th quarter valued at about $40,000. New Millennium Group LLC increased its holdings in shares of Rocket Lab USA by 105.0% in the fourth quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer’s stock valued at $52,000 after purchasing an additional 1,050 shares during the period. AlphaQuest LLC purchased a new position in shares of Rocket Lab USA in the fourth quarter worth about $52,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Rocket Lab USA by 1,565.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,015 shares of the rocket manufacturer’s stock worth $53,000 after purchasing an additional 1,894 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.
Rocket Lab USA Price Performance
Shares of NASDAQ RKLB opened at $18.81 on Friday. 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 firm has a fifty day moving average of $25.10 and a 200 day moving average of $18.75. The firm has a market cap of $8.53 billion, a PE ratio of -50.84 and a beta of 2.06. Rocket Lab USA, Inc. has a one year low of $3.47 and a one year high of $33.34.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their price target 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. Morgan Stanley raised their target price on shares of Rocket Lab USA from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Citigroup lowered their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Wells Fargo & Company reduced their price objective on Rocket Lab USA from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, KeyCorp lowered their target price on Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.06.
View Our Latest Report on Rocket Lab USA
Rocket Lab USA 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.
See Also
- Five stocks we like better than Rocket Lab USA
- How Technical Indicators Can Help You Find Oversold Stocks
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How to Invest in Blue Chip Stocks
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to Invest in the Best Canadian Stocks
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding RKLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Lab USA, Inc. (NASDAQ:RKLB – Free Report).
Receive News & Ratings for Rocket Lab USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Lab USA and related companies with MarketBeat.com's FREE daily email newsletter.