Harbour Investments Inc. Has $103,000 Stock Position in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Harbour Investments Inc. increased its position in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 64.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,041 shares of the rocket manufacturer’s stock after purchasing an additional 1,581 shares during the quarter. Harbour Investments Inc.’s holdings in Rocket Lab USA were worth $103,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Chicago Partners Investment Group LLC boosted its stake in Rocket Lab USA by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 79,943 shares of the rocket manufacturer’s stock worth $2,187,000 after buying an additional 334 shares in the last quarter. Wellington Shields & Co. LLC boosted its stake in Rocket Lab USA by 0.5% during the fourth quarter. Wellington Shields & Co. LLC now owns 74,522 shares of the rocket manufacturer’s stock worth $1,898,000 after buying an additional 383 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Rocket Lab USA by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 15,078 shares of the rocket manufacturer’s stock worth $384,000 after buying an additional 746 shares in the last quarter. IFP Advisors Inc boosted its stake in Rocket Lab USA by 12.3% during the fourth quarter. IFP Advisors Inc now owns 6,885 shares of the rocket manufacturer’s stock worth $175,000 after buying an additional 753 shares in the last quarter. Finally, Spectrum Wealth Counsel LLC acquired a new stake in Rocket Lab USA during the fourth quarter worth $25,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus lifted 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 note on Wednesday, January 8th. Citigroup reduced their target price on shares of Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. KeyCorp reduced their target price on shares of 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. Wells Fargo & Company reduced their target price on shares of Rocket Lab USA from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Finally, TD Cowen upgraded shares of Rocket Lab USA to a “strong-buy” rating in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rocket Lab USA presently has a consensus rating of “Moderate Buy” and an average price target of $23.06.

Insiders Place Their Bets

In other Rocket Lab USA news, insider Frank Klein sold 1,835 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $19.93, for a total transaction of $36,571.55. Following the completion of the sale, the insider now directly owns 1,417,644 shares of the company’s stock, valued at approximately $28,253,644.92. The trade was a 0.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 13.70% of the company’s stock.

Rocket Lab USA Stock Up 2.2 %

Shares of NASDAQ RKLB opened at $18.94 on Monday. The firm’s 50-day simple moving average is $24.20 and its 200 day simple moving average is $19.27. The company has a market cap of $8.59 billion, a price-to-earnings ratio of -51.19 and a beta of 2.06. 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 12-month low of $3.47 and a 12-month high of $33.34.

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

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.