MP Materials (NYSE:MP) Stock: Insider Michael Stuart Rosenthal Buys 5,000 Shares

Key Points

• COO Michael Rosenthal bought 5,000 MP Materials shares at an average $37.30 each, spending $186,500; he now owns 1,365,673 shares. He also purchased 27,000 shares the prior day.
• MP Materials reported quarterly EPS of $0.04, beating the $0.02 loss analysts expected, while revenue of $147.66 million exceeded estimates and rose 175.7% year over year.
• Analysts’ average rating is “Moderate Buy,” with a $69.50 average price target. The article also notes concerns about costs, valuation, and uncertainty over federal support.

MP Materials Corp. (NYSE:MP - Get Free Report) COO Michael Rosenthal purchased 5,000 shares of the stock in a transaction on Wednesday, November 11th. The stock was acquired at an average cost of $37.30 per share, for a total transaction of $186,500.00. Following the completion of the acquisition, the chief operating officer owned 1,365,673 shares of the company's stock, valued at $50,939,602.90. The trade was a 0.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Stuart Rosenthal also recently made the following trade(s):

• On Tuesday, November 10th, Michael Rosenthal acquired 27,000 shares of MP Materials stock. The shares were bought at an average price of $36.61 per share, with a total value of $988,470.00.

MP Materials Stock Performance

NYSE MP opened at $36.81 on Thursday. The firm has a market capitalization of $6.56 billion, a P/E ratio of -167.32 and a beta of 2.05. The stock has a 50-day simple moving average of $44.57 and a two-hundred day simple moving average of $53.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.04 and a current ratio of 6.75. MP Materials Corp. has a fifty-two week low of $31.90 and a fifty-two week high of $76.80.

MP Materials (NYSE:MP - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The firm had revenue of $147.66 million for the quarter, compared to analyst estimates of $117.37 million. MP Materials had a negative return on equity of 0.05% and a negative net margin of 9.90%. MP Materials's revenue for the quarter was up 175.7% compared to the same quarter last year. During the same period last year, the company earned ($0.10) earnings per share. On average, equities analysts forecast that MP Materials Corp. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On MP Materials

Large investors have recently bought and sold shares of the company. Toth Financial Advisory Corp raised its stake in MP Materials by 73.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 520 shares of the company's stock valued at $29,000 after purchasing an additional 220 shares during the last quarter. GW&K Investment Management LLC acquired a new stake in shares of MP Materials in the third quarter valued at about $30,000. Mather Group LLC. lifted its stake in shares of MP Materials by 390.6% in the third quarter. Mather Group LLC. now owns 682 shares of the company's stock worth $32,000 after buying an additional 543 shares in the last quarter. Markowski Investments purchased a new position in shares of MP Materials in the second quarter worth about $43,000. Finally, MADDEN SECURITIES Corp acquired a new position in MP Materials during the third quarter worth about $46,000. 52.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. DA Davidson reaffirmed a "buy" rating and issued a $82.00 price objective on shares of MP Materials in a report on Monday, August 24th. JPMorgan Chase & Co. lowered their price target on MP Materials from $75.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings restated a "sell (d-)" rating on shares of MP Materials in a research report on Thursday, October 15th. Robert W. Baird reduced their target price on MP Materials from $80.00 to $65.00 and set an "outperform" rating for the company in a research note on Thursday, October 1st. Finally, Citigroup reiterated a "positive" rating on shares of MP Materials in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $69.50.

MP Materials News Roundup

Investors following MP have been watching these news items:

• Positive Sentiment: Several insiders bought shares on November 10–11. Director Randall Weisenburger purchased 55,000 shares for $1.98 million, while CFO Ryan Corbett and COO Michael Rosenthal also added to their holdings. These purchases may signal confidence in the company’s outlook. Director purchase filing CFO purchase filing COO purchase filings
• Positive Sentiment: Freedom Broker upgraded MP from “hold” to “buy” and set a $51 price target, citing valuation and anticipated manufacturing cost savings. Freedom Broker upgrade
• Negative Sentiment: Costs and a steep valuation may limit the appeal of the earnings beat. MP also faces possible congressional review of the government’s $400 million equity investment and related support, creating uncertainty around federal involvement. Zacks analysis Federal stake review

About MP Materials

MP Materials operates the Mountain Pass rare earth mine and processing facility in California. The site is a major North American source of rare earth materials, which are used in products such as electric vehicles, wind turbines, electronics and defense systems. The company mines and processes rare earth ore into concentrate and separated products, including neodymium-praseodymium (NdPr), a key input for high-strength permanent magnets. MP Materials is also developing domestic magnet manufacturing capabilities to extend its business further along the supply chain.

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