Tocqueville Asset Management L.P. Sells 59,605 Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB)

Tocqueville Asset Management L.P. lessened its stake in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,483,845 shares of the rocket manufacturer’s stock after selling 59,605 shares during the period. Tocqueville Asset Management L.P.’s holdings in Rocket Lab USA were worth $37,794,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RKLB. Spectrum Wealth Counsel LLC bought a new position in Rocket Lab USA in the 4th quarter worth approximately $25,000. Wingate Wealth Advisors Inc. acquired a new stake in Rocket Lab USA during the 4th quarter worth $40,000. New Millennium Group LLC grew its holdings in Rocket Lab USA by 105.0% during the 4th quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer’s stock worth $52,000 after acquiring an additional 1,050 shares during the period. AlphaQuest LLC acquired a new stake in Rocket Lab USA during the 4th quarter worth $52,000. Finally, Smartleaf Asset Management LLC grew its holdings in Rocket Lab USA by 1,565.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,015 shares of the rocket manufacturer’s stock worth $53,000 after acquiring an additional 1,894 shares during the period. Institutional investors own 71.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on RKLB shares. Wells Fargo & Company lowered their target price on shares of Rocket Lab USA from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley lifted their target price on shares of Rocket Lab USA from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. KeyCorp lowered their target price on shares of Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Friday, February 28th. The Goldman Sachs Group lifted their target price on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Citigroup decreased their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.06.

Rocket Lab USA Price Performance

Shares of RKLB stock opened at $19.10 on Tuesday. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of -51.62 and a beta of 2.06. Rocket Lab USA, Inc. has a 12-month low of $3.47 and a 12-month high of $33.34. The firm has a fifty day moving average of $24.91 and a 200-day moving average of $18.93. 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 (NASDAQ:RKLB) last posted its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $132.39 million during the quarter, compared to the consensus estimate of $130.58 million. Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. On average, equities research analysts forecast that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current year.

Rocket Lab USA Company 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.