Analyst Ratings Changes - Citigroup restated a "market perform" rating on Rocket Lab shares on November 12th, while Baird R W upgraded the stock to a "strong-buy" rating on October 16th [1] - Robert W. Baird initiated coverage with an "outperform" rating and a price target of $83.00 on October 15th [1] - Morgan Stanley reduced their target price from $68.00 to $67.00, maintaining an "equal weight" rating on November 12th [1] - KeyCorp raised their price target from $50.00 to $75.00 and assigned an "overweight" rating on October 17th [1] - The consensus rating for Rocket Lab is "Moderate Buy" with a target price of $61.25 [1] Company Financial Performance - Rocket Lab reported earnings per share (EPS) of ($0.03) for the quarter ending November 10th, surpassing the consensus estimate of ($0.05) by $0.02 [3] - The company generated revenue of $155.08 million, exceeding analyst estimates of $152.45 million, marking a 48.0% year-over-year increase [3] - The company has a negative net margin of 35.64% and a negative return on equity of 27.26% [3] - Analysts forecast an EPS of -0.38 for the current fiscal year [3] Stock Performance - Rocket Lab shares experienced an 8.5% decline during mid-day trading, with the stock trading as low as $70.39 and last at $70.65 [6] - The stock had a previous close of $77.18, with approximately 22,790,716 shares traded, an 8% increase from the average daily volume [6] Insider Activity - SVP Arjun Kampani sold 10,554 shares at an average price of $42.08, totaling $444,112.32, reducing his position by 2.29% [4] - Insider Frank Klein sold 4,736 shares at the same average price, totaling $199,290.88, representing a 0.37% decrease in his position [4] - Over the last 90 days, insiders have sold a total of 2,729,485 shares valued at $151,832,870, with insiders owning 11.90% of the company's stock [4] Institutional Investors - Russell Investments Group Ltd. increased its position in Rocket Lab by 4,904.6%, now owning 19,668 shares valued at $352,000 [5] - Raymond James Financial Inc. raised its stake by 166.5%, owning 601,497 shares valued at $10,755,000 [5] - Vident Advisory LLC boosted its holdings by 190.2%, now owning 589,410 shares valued at $10,539,000 [7] - Institutional investors collectively own 71.78% of Rocket Lab's stock [7] Company Overview - Rocket Lab is an aerospace company providing launch services, spacecraft, and space systems for commercial and government clients [8] - The primary launch vehicle is Electron, designed for deploying small satellites and rideshare payloads to low Earth orbit [8] - The company also develops the Rutherford engine, known for its electric-pump-fed design and additive-manufactured components [8]