1 week Ago By ABMN Staff
MP Materials Corp. ( NYSE:MP – Get Free Report )’s stock price fell 5.1% on Friday .
The stock traded as low as $22.22 and last traded at $22.33.
Approximately 666,121 shares changed hands during trading, a decline of 79% from the average session volume of 3,146,525 shares. The stock had previously closed at $23.54.
Wall Street Analysts Forecast Growth A number of research firms recently issued reports on MP. BMO Capital Markets increased their target price on MP Materials from $22.00 to $29.
00 and gave the stock a “market perform” rating in a research note on Thursday, March 20th. DA Davidson upped their price target on shares of MP Materials from $25.00 to $32.
00 and gave the company a “buy” rating in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.
com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.61. Get Our Latest Stock Analysis on MP Materials MP Materials Trading Down 3.
8 % MP Materials ( NYSE:MP – Get Free Report ) last released its earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.
09) by ($0.05). MP Materials had a negative net margin of 32.
09% and a negative return on equity of 8.44%. The company had revenue of $60.
99 million during the quarter, compared to analyst estimates of $50.71 million. As a group, analysts predict that MP Materials Corp.
will post -0.19 earnings per share for the current fiscal year. Insider Transactions at MP Materials In other news, CFO Ryan Corbett sold 15,000 shares of the company’s stock in a transaction dated Monday, March 17th.
The shares were sold at an average price of $27.00, for a total value of $405,000.00.
Following the sale, the chief financial officer now directly owns 214,812 shares of the company’s stock, valued at approximately $5,799,924. This represents a 6.53 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CEO James H. Litinsky sold 489,918 shares of the firm’s stock in a transaction dated Monday, March 17th.
The shares were sold at an average price of $26.77, for a total transaction of $13,115,104.86.
Following the completion of the sale, the chief executive officer now owns 15,153,158 shares of the company’s stock, valued at $405,650,039.66. This trade represents a 3.
13 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 1,130,835 shares of company stock worth $29,165,987 in the last 90 days.
Corporate insiders own 12.60% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors have recently made changes to their positions in MP.
NBC Securities Inc. boosted its position in MP Materials by 119,900.0% during the first quarter.
NBC Securities Inc. now owns 1,200 shares of the company’s stock worth $29,000 after purchasing an additional 1,199 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of MP Materials by 40.
3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company’s stock worth $38,000 after buying an additional 701 shares during the last quarter. SBI Securities Co.
Ltd. bought a new stake in shares of MP Materials during the 4th quarter worth about $40,000. Geneos Wealth Management Inc.
raised its holdings in MP Materials by 205.4% in the 4th quarter. Geneos Wealth Management Inc.
now owns 2,749 shares of the company’s stock valued at $43,000 after acquiring an additional 1,849 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in MP Materials by 204.7% in the 4th quarter.
Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $51,000 after acquiring an additional 2,200 shares during the period. 52.55% of the stock is owned by institutional investors and hedge funds.
MP Materials Company Profile ( Get Free Report ) MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America.
It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals. Read More Receive News & Ratings for MP Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MP Materials and related companies with MarketBeat.com's FREE daily email newsletter .
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