Mattel (NASDAQ:MAT) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Mattel, Inc. (NASDAQ:MAT) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $15.62 and traded as low as $15.42. Mattel shares last traded at $15.43, with a volume of 3,937,886 shares traded.

Wall Street Analysts Forecast Growth

MAT has been the subject of several recent analyst reports. Weiss Ratings lowered Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. UBS Group reaffirmed a “buy” rating on shares of Mattel in a research note on Thursday, October 1st. The Goldman Sachs Group downgraded Mattel from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Odeon Capital Group assumed coverage on Mattel in a research report on Thursday, July 16th. They set a “buy” rating for the company. Finally, Seaport Research Partners upgraded shares of Mattel from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.00.

Mattel Price Performance

The firm’s fifty day moving average price is $14.93 and its 200 day moving average price is $15.62.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, sell-side analysts expect that Mattel, Inc. will post 1.30 earnings per share for the current year.

Insiders Place Their Bets

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the sale, the executive vice president owned 144,390 shares of the company’s stock, valued at approximately $2,168,737.80. This trade represents a 21.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MAT. Primecap Management Co. CA purchased a new stake in shares of Mattel during the 2nd quarter worth $409,540,000. BlackRock Inc. bought a new stake in Mattel during the second quarter valued at about $363,273,000. Bank of America Corp DE bought a new stake in Mattel during the second quarter valued at about $33,498,000. EdgePoint Investment Group Inc. grew its stake in Mattel by 3.8% in the first quarter. EdgePoint Investment Group Inc. now owns 49,140,882 shares of the company’s stock valued at $714,017,000 after purchasing an additional 1,799,640 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Mattel in the second quarter valued at about $23,393,000. 97.15% of the stock is owned by institutional investors.

About Mattel

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and consumer products. Its best-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Matchbox, UNO, Masters of the Universe and Thomas & Friends. Mattel also develops entertainment content and licenses its intellectual property for use in consumer products, digital experiences and other media.

Founded in 1945, Mattel has expanded from a U.S.