Wall Street Zen Upgrades 5E Advanced Materials (NASDAQ:FEAM) to Sell

Key Points

• Wall Street Zen has upgraded 5E Advanced Materials (NASDAQ:FEAM) to a "sell" rating, reflecting a shift in sentiment from analysts.
• Despite the upgrade to "sell," the stock saw a 15.5% increase recently, opening at $4.09 on Friday.
• Insider activity includes significant purchases, with two directors acquiring a total of 200,000 shares at $3.50 each, showing confidence in the company's prospects.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "sell" rating in a research report issued on Saturday.

A number of other research firms have also recently weighed in on FEAM. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 5E Advanced Materials in a report on Saturday, September 27th. HC Wainwright initiated coverage on 5E Advanced Materials in a research note on Tuesday, September 2nd. They set a "buy" rating and a $7.50 target price on the stock. Finally, Maxim Group set a $7.00 target price on 5E Advanced Materials and gave the company a "buy" rating in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $7.25.

5E Advanced Materials Stock Up 15.5%

Shares of NASDAQ:FEAM opened at $4.09 on Friday. The company has a market cap of $91.78 million, a PE ratio of -0.26 and a beta of 1.55. The company's 50-day moving average price is $3.84 and its 200 day moving average price is $4.00. 5E Advanced Materials has a fifty-two week low of $2.82 and a fifty-two week high of $24.84.

Insider Activity

In related news, Director Ascend Global Investment Fund acquired 100,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were purchased at an average price of $3.50 per share, for a total transaction of $350,000.00. Following the acquisition, the director owned 7,830,646 shares in the company, valued at approximately $27,407,261. This represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bep Special Situations Iv Llc purchased 100,000 shares of the business's stock in a transaction dated Monday, August 25th. The shares were purchased at an average price of $3.50 per share, for a total transaction of $350,000.00. Following the acquisition, the director directly owned 7,597,349 shares of the company's stock, valued at $26,590,721.50. This trade represents a 1.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 203,053 shares of company stock worth $710,686. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 5E Advanced Materials stock. Marex Group plc purchased a new stake in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 188,917 shares of the company's stock, valued at approximately $665,000. Marex Group plc owned 0.94% of 5E Advanced Materials at the end of the most recent quarter.

About 5E Advanced Materials

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.

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