5E Advanced Materials (NASDAQ:FEAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of 5E Advanced Materials (NASDAQ:FEAM) to a sell rating in a research report released on Saturday morning.

FEAM has been the topic of several other research reports. Maxim Group set a $7.00 target price on 5E Advanced Materials and gave the company a “buy” rating in a research report on Thursday. HC Wainwright began coverage on 5E Advanced Materials in a report on Tuesday, September 2nd. They issued a “buy” rating and a $7.50 price objective on the stock. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.25.

5E Advanced Materials Stock Performance

NASDAQ FEAM opened at $4.44 on Friday. The stock has a market cap of $99.63 million, a PE ratio of -0.28 and a beta of 1.55. The firm has a 50-day moving average of $3.85 and a 200-day moving average of $4.00. 5E Advanced Materials has a 52-week low of $2.82 and a 52-week high of $24.84.

Insider Transactions at 5E Advanced Materials

In related news, Director Bep Special Situations Iv Llc acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were bought at an average cost of $3.50 per share, with a total value of $350,000.00. Following the completion of the purchase, the director directly owned 7,597,349 shares in the company, valued at $26,590,721.50. The trade was a 1.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ascend Global Investment Fund bought 100,000 shares of 5E Advanced Materials stock in a transaction that occurred on Monday, August 25th. The stock was bought at an average price of $3.50 per share, for a total transaction of $350,000.00. Following the completion of the acquisition, the director directly owned 7,830,646 shares of the company’s stock, valued at $27,407,261. The trade was a 1.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 203,053 shares of company stock valued at $710,686 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On 5E Advanced Materials

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) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 188,917 shares of the company’s stock, valued at approximately $665,000. Marex Group plc owned about 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.