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

5E Advanced Materials (NASDAQ:FEAM) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a report released on Saturday.

A number of other research analysts have also recently weighed in on FEAM. Maxim Group set a $7.00 price objective on 5E Advanced Materials and gave the company a “buy” rating in a research report on Thursday. HC Wainwright started coverage on 5E Advanced Materials in a research report on Tuesday, September 2nd. They set a “buy” rating and a $7.50 price objective for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock 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. 5E Advanced Materials has a twelve month low of $2.82 and a twelve month high of $24.84. The stock has a market capitalization of $91.80 million, a PE ratio of -0.26 and a beta of 1.55. The firm’s 50 day moving average price is $3.84 and its 200-day moving average price is $4.00.

Insider Buying and Selling at 5E Advanced Materials

In other news, Director Ascend Global Investment Fund purchased 100,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were acquired at an average price of $3.50 per share, with a total value of $350,000.00. Following the transaction, the director owned 7,830,646 shares of the company’s stock, valued at $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 can be accessed through this link. Also, Director Bep Special Situations Iv Llc acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was purchased at an average price of $3.50 per share, with a total value of $350,000.00. Following the completion of the acquisition, the director directly owned 7,597,349 shares of the company’s stock, valued at $26,590,721.50. This represents a 1.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 203,053 shares of company stock worth $710,686 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in 5E Advanced Materials stock. Marex Group plc purchased a new position in 5E Advanced Materials, Inc. (NASDAQ:FEAM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 188,917 shares of the company’s stock, valued at approximately $665,000. Marex Group plc owned 0.94% of 5E Advanced Materials as of its most recent filing with the Securities and Exchange Commission.

5E Advanced Materials Company Profile

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.