USA Rare Earth (NASDAQ:USAR) Stock Price Down 7.9% on Insider Selling

Key Points

• The stock price of USA Rare Earth (NASDAQ:USAR) fell by 7.9% after insider selling, with 2,091,849 shares sold by Director Michael Blitzer at an average price of $15.75.
• Research analysts downgraded USA Rare Earth from a "hold" to a "sell" rating, while some firms maintained "buy" ratings with target prices of $16.00 to $17.00.
• Despite the recent downturn, USA Rare Earth topped earnings expectations by reporting a loss of ($0.08) per share, exceeding the consensus estimate of ($0.13).

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s share price traded down 7.9% during trading on Monday following insider selling activity. The stock traded as low as $15.48 and last traded at $15.83. 3,141,269 shares changed hands during trading, an increase of 36% from the average session volume of 2,303,071 shares. The stock had previously closed at $17.19.

Specifically, Director Michael Blitzer sold 2,091,849 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $15.75, for a total value of $32,946,621.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded USA Rare Earth from a "hold" rating to a "sell" rating in a research note on Saturday. Canaccord Genuity Group began coverage on USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 target price for the company. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Finally, Cantor Fitzgerald started coverage on USA Rare Earth in a research report on Friday, August 1st. They issued an "overweight" rating and a $16.00 price objective for the company.

USA Rare Earth Stock Down 7.6%

The business's 50 day moving average price is $12.99.

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

Institutional Trading of USA Rare Earth

Institutional investors and hedge funds have recently bought and sold shares of the business. Titleist Asset Management LLC acquired a new stake in USA Rare Earth during the first quarter worth approximately $145,000. Newtyn Management LLC acquired a new stake in shares of USA Rare Earth during the 1st quarter valued at $4,114,000. International Assets Investment Management LLC acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at $250,000. MMCAP International Inc. SPC acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at $261,000. Finally, Pier 88 Investment Partners LLC bought a new position in USA Rare Earth during the 2nd quarter worth $588,000.

About USA Rare Earth

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.

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