USA Rare Earth (NASDAQ:USAR) Downgraded by Wall Street Zen to "Sell"

Key Points

• USA Rare Earth (NASDAQ:USAR) has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen in a recent research report.
• The company's stock price decreased by 3.3% recently, with a trading range between a 52-week low of $5.56 and a high of $20.00.
• A significant insider transaction occurred as Director Michael Blitzer sold over 2 million shares of the company for approximately $32.9 million.

USA Rare Earth (NASDAQ:USAR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

A number of other brokerages also recently weighed in on USAR. Roth Capital reaffirmed a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th. Cantor Fitzgerald began coverage on USA Rare Earth in a report on Friday, August 1st. They set an "overweight" rating and a $16.00 price objective on the stock. Finally, Canaccord Genuity Group began coverage on USA Rare Earth in a report on Friday, June 13th. They set a "buy" rating and a $17.00 price objective on the stock.

USA Rare Earth Stock Performance

USAR traded down $1.53 on Friday, hitting $14.17. 3,463,558 shares of the company were exchanged, compared to its average volume of 2,327,943. USA Rare Earth has a 12 month low of $5.56 and a 12 month high of $20.00. The company has a fifty day moving average price of $13.04.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.05.

Insider Transactions at USA Rare Earth

In other news, Director Michael Blitzer sold 2,091,849 shares of USA Rare Earth stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $15.75, for a total value of $32,946,621.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock valued at $25,000 after buying an additional 1,424 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of USA Rare Earth by 10,448.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company's stock worth $29,000 after purchasing an additional 2,612 shares during the period. LMR Partners LLP purchased a new stake in shares of USA Rare Earth during the second quarter worth about $145,000. Diametric Capital LP purchased a new stake in shares of USA Rare Earth during the second quarter worth about $147,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of USA Rare Earth during the second quarter worth about $223,000.

USA Rare Earth Company Profile

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.