Welsbach Technology Metals Acquisition Corp. $EMAT Shares Newly Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC bought a new stake in Welsbach Technology Metals Acquisition Corp. (NASDAQ:EMAT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,933,443 shares of the company’s stock, valued at approximately $7,480,000. Robertson Stephens Wealth Management LLC owned 1.18% of Welsbach Technology Metals Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EMAT shares. Zacks Research raised shares of Welsbach Technology Metals Acquisition to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings cut shares of Welsbach Technology Metals Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 7th. Litchfield Hills Research assumed coverage on shares of Welsbach Technology Metals Acquisition in a report on Tuesday, June 30th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Welsbach Technology Metals Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Welsbach Technology Metals Acquisition presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Welsbach Technology Metals Acquisition Stock Performance

Shares of EMAT stock opened at $1.54 on Friday. The stock has a market cap of $3.83 million and a P/E ratio of -38.50. Welsbach Technology Metals Acquisition Corp. has a 1 year low of $1.28 and a 1 year high of $24.09. The stock has a 50 day simple moving average of $2.88 and a 200 day simple moving average of $5.53.

Welsbach Technology Metals Acquisition (NASDAQ:EMAT) last posted its quarterly earnings data on Monday, August 17th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $1.64 million for the quarter, compared to the consensus estimate of $2.10 million. Analysts forecast that Welsbach Technology Metals Acquisition Corp. will post -0.78 EPS for the current year.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. The company’s stated focus is on businesses involved in technology metals and related sectors, including companies connected to the materials and mineral supply chains supporting advanced technologies and the energy transition.

Unlike an operating mining or manufacturing company, Welsbach Technology Metals Acquisition Corp.