Prospera Financial Services Inc Takes Position in Rocket Lab Corporation $RKLB

Prospera Financial Services Inc bought a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,715 shares of the rocket manufacturer's stock, valued at approximately $383,000.

• MarketBeat Week in Review – 11/10 - 11/14

Several other hedge funds have also recently modified their holdings of RKLB. Vanguard Group Inc. lifted its position in Rocket Lab by 10.6% during the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock valued at $715,728,000 after purchasing an additional 3,833,969 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Rocket Lab during the 2nd quarter valued at $192,918,000. Invesco Ltd. boosted its stake in shares of Rocket Lab by 56.1% in the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock worth $66,840,000 after buying an additional 1,343,518 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Rocket Lab by 2.6% in the 1st quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer's stock worth $46,247,000 after buying an additional 65,255 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Rocket Lab by 6.4% in the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock worth $38,057,000 after acquiring an additional 128,907 shares during the period. Hedge funds and other institutional investors own 71.78% of the company's stock.

Rocket Lab Stock Performance

Shares of NASDAQ RKLB opened at $45.54 on Friday. The stock has a market cap of $22.04 billion, a PE ratio of -119.84 and a beta of 2.16. Rocket Lab Corporation has a 1 year low of $14.71 and a 1 year high of $73.97. The firm has a fifty day moving average price of $55.90 and a 200-day moving average price of $42.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.33.

• Rocket Lab Stock Jumps After Earnings, Despite Neutron Delay

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. Rocket Lab's quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RKLB. Roth Capital reissued a "buy" rating and issued a $75.00 target price on shares of Rocket Lab in a research report on Tuesday. Morgan Stanley dropped their price objective on shares of Rocket Lab from $68.00 to $67.00 and set an "equal weight" rating on the stock in a report on Wednesday. KeyCorp boosted their target price on shares of Rocket Lab from $50.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, October 17th. Needham & Company LLC increased their price target on shares of Rocket Lab from $55.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.33.

• MarketBeat Week in Review – 10/27 - 10/31

Read Our Latest Research Report on RKLB

Insider Activity

In related news, Director Matthew Ocko sold 1,873,097 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the sale, the director owned 541,526 shares of the company's stock, valued at approximately $26,101,553.20. This trade represents a 77.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank Klein sold 4,286 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total value of $204,527.92. Following the completion of the transaction, the insider owned 1,316,005 shares of the company's stock, valued at $62,799,758.60. The trade was a 0.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,406,361 shares of company stock valued at $267,483,973 in the last three months. 11.90% of the stock is currently owned by insiders.

Rocket Lab 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.

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