<div id="readability-page-1"><p>Foundations Investment Advisors LLC bought a new stake in shares of  Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,437 shares of the rocket manufacturer's stock, valued at approximately $973,000.</p><ul><li>MarketBeat Week in Review – 07/21 - 07/25</li></ul><p>Several other institutional investors and hedge funds also recently made changes to their positions in RKLB. Versant Capital Management Inc grew its holdings in shares of  Rocket Lab by 118.1% during the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after purchasing an additional 860 shares during the last quarter.  MassMutual Private Wealth &amp; Trust FSB bought a new stake in  Rocket Lab in the 1st quarter worth $29,000.  Farther Finance Advisors LLC grew its holdings in  Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock worth $35,000 after acquiring an additional 1,226 shares during the last quarter.  Spectrum Wealth Counsel LLC grew its holdings in  Rocket Lab by 100.0% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after acquiring an additional 1,000 shares during the last quarter.  Finally, Quarry LP bought a new position in  Rocket Lab in the 4th quarter worth $48,000. Institutional investors own  71.78% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of analysts have recently weighed in on the stock. Bank of America upped their target price on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday, July 16th. Needham &amp; Company LLC boosted their price objective on shares of Rocket Lab from $28.00 to $32.00 and gave the stock a &#34;buy&#34; rating in a research note on Wednesday, May 28th. KeyCorp boosted their price objective on shares of Rocket Lab from $29.00 to $40.00 and gave the stock an &#34;overweight&#34; rating in a research note on Wednesday, July 2nd. Craig Hallum started coverage on shares of Rocket Lab in a research note on Monday. They set a &#34;hold&#34; rating and a $51.00 price objective on the stock. Finally, Wells Fargo &amp; Company dropped their price target on shares of Rocket Lab from $21.00 to $18.00 and set an &#34;equal weight&#34; rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one  has assigned  a strong buy rating to the company. According to data from MarketBeat, Rocket Lab presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $35.64.</p><ul><li>Rocket Lab: A Parabolic Run Meets a Healthy Pullback</li></ul><p><b>Get Our Latest Stock Analysis on RKLB</b></p><h2>Insider Buying and Selling at Rocket Lab</h2><p>In other news, Director Merline Saintil sold 6,353 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total transaction of $212,063.14. Following the completion of the sale, the director owned 419,569 shares of the company's stock, valued at $14,005,213.22. This represents a 1.49% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this link. Also, insider Frank Klein sold 2,546 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $30.00, for a total transaction of $76,380.00. Following the sale, the insider directly owned 1,365,826 shares of the company's stock, valued at $40,974,780. The trade was a 0.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,130,995 shares of company stock worth $29,686,039 over the last 90 days. 13.70% of the stock is owned by company insiders. </p><h2>Rocket Lab Stock Up 6.1%</h2><ul><li>5 High-Risk, High-Reward Stocks With Serious Momentum</li></ul><p>RKLB opened at $46.44 on Thursday. The firm has a 50 day moving average price of $35.06 and a 200-day moving average price of $26.91. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of -116.10 and a beta of 2.15. Rocket Lab Corporation has a twelve month low of $4.20 and a twelve month high of $53.44. The company has a quick ratio of 1.72, a current ratio of 2.08 and a debt-to-equity ratio of 0.97. </p><p>Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Rocket Lab had a negative net margin of 44.32% and a negative return on equity of 48.92%. The business had revenue of $122.57 million for the quarter, compared to analysts' expectations of $120.74 million. During the same period in the previous year, the company earned ($0.09) EPS. Rocket Lab's revenue for the quarter was up 32.1% compared to the same quarter last year.  Equities research analysts forecast that  Rocket Lab Corporation will post -0.38 earnings per share for the current year. </p><h2>About Rocket Lab</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Rocket Lab</li><li>Want to Profit on the Downtrend? Downtrends, Explained.</li><li>This Drone Stock Is on Sale Despite Big Army Contract</li><li>The 3 Best Blue-Chip Stocks to Buy Now</li><li>5 Stocks to Buy in August With Tremendous Upside Potential</li><li>Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?</li><li>Visa Beats Q3 Earnings Expectations, So Why Did the Market Panic?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UktMQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UktMQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rocket Lab Right Now?</h2><p>Before you consider Rocket Lab, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rocket Lab wasn't on the list.</p><p>While Rocket Lab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

RKLB

<p>Foundations Investment Advisors LLC acquired 54,437 shares of Rocket Lab Corporation (NASDAQ:RKLB) valued at approximately $973,000 in Q1. Other institutional investors also increased their stakes. Analysts have given Rocket Lab a consensus rating of "Moderate Buy" with an average price target of $35.64. The stock recently opened at $46.44, reflecting a 6.1% increase. Insider trading activity included sales by Director Merline Saintil and insider Frank Klein, with insiders selling a total of 1,130,995 shares worth $29.7 million over the last 90 days.</p>

Foundations Investment Advisors LLC Buys New Shares in Rocket Lab Corporation (NASDAQ:RKLB)