Yeomans Consulting Group Inc. Makes New $449,000 Investment in Rocket Lab Corporation $RKLB

Yeomans Consulting Group Inc. bought a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,365 shares of the rocket manufacturer’s stock, valued at approximately $449,000.

Several other large investors have also recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new stake in shares of Rocket Lab during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC raised its holdings in Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Rocket Lab during the second quarter valued at about $36,000. Kilter Group LLC bought a new stake in shares of Rocket Lab in the 2nd quarter valued at about $37,000. Finally, ORG Partners LLC grew its position in shares of Rocket Lab by 491.9% in the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock worth $38,000 after buying an additional 910 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RKLB has been the subject of a number of analyst reports. Bank of America increased their target price on shares of Rocket Lab from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Stifel Nicolaus upped their price target on Rocket Lab from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC increased their price objective on Rocket Lab from $63.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, December 3rd. Finally, Roth Capital restated a “buy” rating and set a $75.00 target price on shares of Rocket Lab in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.25.

Insiders Place Their Bets

In other news, SVP Arjun Kampani sold 28,615 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.65, for a total value of $1,163,199.75. Following the completion of the transaction, the senior vice president directly owned 461,014 shares in the company, valued at $18,740,219.10. This trade represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Nina Armagno sold 27,314 shares of Rocket Lab stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $68.21, for a total value of $1,863,087.94. Following the sale, the director directly owned 108,940 shares of the company’s stock, valued at $7,430,797.40. This trade represents a 20.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,729,485 shares of company stock valued at $151,832,870. Insiders own 11.90% of the company’s stock.

Rocket Lab Trading Down 0.8%

NASDAQ:RKLB opened at $76.55 on Friday. The company has a market capitalization of $40.89 billion, a P/E ratio of -201.45 and a beta of 2.20. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32. Rocket Lab Corporation has a 12 month low of $14.71 and a 12 month high of $79.83. The firm has a fifty day simple moving average of $55.27 and a 200-day simple moving average of $48.43.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The firm had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. During the same period in the prior year, the firm earned ($0.10) EPS. The firm’s revenue was up 48.0% on a year-over-year basis. On average, equities research analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Rocket Lab Company Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.