Danimer Scientific (NYSE:DNMR – Get Free Report) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Tuesday, MarketBeat reports. They currently have a $1.00 target price on the stock, down from their previous target price of $2.00. TD Cowen’s price objective would suggest a potential upside of 185.14% from the company’s current price.
Separately, Jefferies Financial Group cut shares of Danimer Scientific from a “buy” rating to a “hold” rating and reduced their price target for the company from $1.30 to $0.80 in a research report on Wednesday, May 22nd.
Get Our Latest Stock Report on Danimer Scientific
Danimer Scientific Price Performance
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Danimer Scientific in the fourth quarter valued at $41,000. Privium Fund Management B.V. increased its stake in Danimer Scientific by 67.6% in the second quarter. Privium Fund Management B.V. now owns 75,398 shares of the company’s stock valued at $42,000 after purchasing an additional 30,398 shares during the period. Levin Capital Strategies L.P. increased its stake in Danimer Scientific by 423.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 78,500 shares of the company’s stock valued at $80,000 after purchasing an additional 63,500 shares during the period. Thomasville National Bank increased its stake in Danimer Scientific by 125.8% in the first quarter. Thomasville National Bank now owns 177,845 shares of the company’s stock valued at $194,000 after purchasing an additional 99,078 shares during the period. Finally, Virtu Financial LLC increased its stake in Danimer Scientific by 628.5% in the fourth quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock valued at $186,000 after purchasing an additional 157,085 shares during the period. 33.84% of the stock is currently owned by institutional investors and hedge funds.
About Danimer Scientific
Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
See Also
- Five stocks we like better than Danimer Scientific
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Brinker International’s Price Dip is an Appetizing Entry Point
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- 3 Stocks That Could Beat the September Blues
- Stock Splits, Do They Really Impact Investors?
- Canopy Growth Stock: Can It Sustain Recent Gains?
Receive News & Ratings for Danimer Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danimer Scientific and related companies with MarketBeat.com's FREE daily email newsletter.