Tamar Securities LLC Buys Shares of 11,084 Rocket Lab USA, Inc. (NASDAQ:RKLB)

Tamar Securities LLC bought a new stake in Rocket Lab USA, Inc. (NASDAQ:RKLB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,084 shares of the rocket manufacturer’s stock, valued at approximately $108,000.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in Rocket Lab USA by 59.4% in the first quarter. Advisors Asset Management Inc. now owns 10,816 shares of the rocket manufacturer’s stock valued at $44,000 after purchasing an additional 4,032 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Rocket Lab USA in the second quarter valued at $46,000. Baxter Bros Inc. acquired a new stake in Rocket Lab USA in the second quarter valued at $48,000. Amalgamated Bank grew its holdings in Rocket Lab USA by 26.7% in the second 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 last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Rocket Lab USA in the second quarter valued at $67,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RKLB has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on Rocket Lab USA from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $7.00 price objective on shares of Rocket Lab USA in a research note on Monday, September 30th. BTIG Research initiated coverage on Rocket Lab USA in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Citigroup increased their price objective on Rocket Lab USA from $5.45 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, JMP Securities initiated coverage on Rocket Lab USA in a research note on Thursday, September 12th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.75.

Rocket Lab USA Stock Performance

Shares of NASDAQ:RKLB opened at $11.19 on Thursday. The company has a market cap of $5.56 billion, a P/E ratio of -31.97 and a beta of 1.32. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.43 and a current ratio of 2.82. Rocket Lab USA, Inc. has a one year low of $3.47 and a one year high of $11.19. The business’s 50-day simple moving average is $7.46 and its 200 day simple moving average is $5.51.

Rocket Lab USA (NASDAQ:RKLB) last announced its earnings results on Thursday, August 8th. The rocket manufacturer reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. The business had revenue of $106.25 million for the quarter, compared to the consensus estimate of $105.47 million. Rocket Lab USA had a negative return on equity of 34.12% and a negative net margin of 54.17%. The company’s revenue was up 71.2% on a year-over-year basis. During the same period last year, the business posted ($0.10) EPS. On average, sell-side analysts forecast that Rocket Lab USA, Inc. will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Lab USA

In other Rocket Lab USA news, General Counsel Arjun Kampani sold 28,563 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $6.96, for a total transaction of $198,798.48. Following the completion of the sale, the general counsel now owns 637,558 shares in the company, valued at $4,437,403.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael D. Griffin sold 39,446 shares of Rocket Lab USA stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $6.90, for a total value of $272,177.40. Following the completion of the transaction, the director now owns 42,353 shares in the company, valued at approximately $292,235.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Arjun Kampani sold 28,563 shares of Rocket Lab USA stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $6.96, for a total value of $198,798.48. Following the completion of the transaction, the general counsel now owns 637,558 shares of the company’s stock, valued at approximately $4,437,403.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,521 shares of company stock worth $906,059 in the last 90 days. 13.70% of the stock is owned by corporate insiders.

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.