MP Materials (NYSE:MP) Stock: Insider Michael Stuart Rosenthal Purchases 27,000 Shares

Key Points

• COO Michael Rosenthal bought 27,000 MP Materials shares at an average of $36.61, spending about $988,470 and increasing his direct stake to 1,360,673 shares. He also purchased another 5,000 shares the following day.
• MP Materials beat quarterly earnings and revenue expectations, reporting EPS of $0.04 versus a consensus loss of $0.02 and revenue of $147.66 million, up 175.7% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $69.50; views varied, including recent target cuts and sell ratings.

MP Materials Corp. (NYSE:MP - Get Free Report) COO Michael Rosenthal bought 27,000 shares of the company's stock in a transaction that occurred on Tuesday, November 10th. The shares were bought at an average price of $36.61 per share, for a total transaction of $988,470.00. Following the transaction, the chief operating officer directly owned 1,360,673 shares in the company, valued at $49,814,238.53. This trade represents a 2.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, November 11th, Michael Rosenthal bought 5,000 shares of MP Materials stock. The stock was purchased at an average cost of $37.30 per share, with a total value of $186,500.00.

MP Materials Trading Up 1.0%

NYSE MP opened at $36.81 on Thursday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of -167.32 and a beta of 2.05. The business has a 50 day moving average price of $44.57 and a 200-day moving average price of $53.98. The company has a quick ratio of 6.04, a current ratio of 6.75 and a debt-to-equity ratio of 0.48. MP Materials Corp. has a 52 week low of $31.90 and a 52 week high of $76.80.

MP Materials (NYSE:MP - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. MP Materials had a negative net margin of 9.90% and a negative return on equity of 0.05%. The firm had revenue of $147.66 million for the quarter, compared to the consensus estimate of $117.37 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The business's revenue was up 175.7% on a year-over-year basis. As a group, equities analysts expect that MP Materials Corp. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MP shares. Wall Street Zen upgraded MP Materials from a "sell" rating to a "hold" rating in a report on Saturday, November 7th. Robert W. Baird cut their price objective on shares of MP Materials from $80.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, October 1st. Citigroup reiterated a "positive" rating on shares of MP Materials in a research note on Wednesday, July 15th. Morgan Stanley lowered their target price on shares of MP Materials from $73.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, October 7th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of MP Materials in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $69.50.

Key Headlines Impacting MP Materials

Here are a few of the latest headlines about MP:

• 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

Hedge Funds Weigh In On MP Materials

Several hedge funds have recently made changes to their positions in the stock. Toth Financial Advisory Corp grew its holdings in MP Materials by 73.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 520 shares of the company's stock valued at $29,000 after buying an additional 220 shares in the last quarter. GW&K Investment Management LLC bought a new stake in MP Materials during the third quarter valued at $30,000. Mather Group LLC. grew its position in MP Materials by 390.6% during 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 MP Materials during the second quarter worth about $43,000. Finally, MADDEN SECURITIES Corp bought a new position in MP Materials in the 3rd quarter worth about $46,000. 52.55% of the stock is currently owned by hedge funds and other institutional investors.

MP Materials Company Profile

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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