TD Cowen Has Lowered Expectations for Danimer Scientific (NYSE:DNMR) Stock Price

Danimer Scientific (NYSE:DNMR) had its price objective decreased by investment analysts at TD Cowen from $40.00 to $5.50 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price would indicate a potential upside of 5.77% from the company’s current price.

Separately, Piper Sandler cut shares of Danimer Scientific from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $40.00 to $4.00 in a research report on Wednesday.

Danimer Scientific Trading Up 2.8 %

DNMR opened at $5.20 on Thursday. Danimer Scientific has a 1-year low of $5.00 and a 1-year high of $73.60. The stock has a market capitalization of $15.62 million, a PE ratio of -0.15 and a beta of 1.63. The company has a current ratio of 4.52, a quick ratio of 3.15 and a debt-to-equity ratio of 1.65. The firm has a 50-day moving average price of $14.01 and a two-hundred day moving average price of $19.20.

Institutional Trading of Danimer Scientific

Several institutional investors and hedge funds have recently added to or reduced their stakes in DNMR. First Heartland Consultants Inc. grew its position in shares of Danimer Scientific by 58.1% during the 3rd quarter. First Heartland Consultants Inc. now owns 81,674 shares of the company’s stock worth $37,000 after buying an additional 30,000 shares during the period. XTX Topco Ltd grew its holdings in Danimer Scientific by 18.5% during the 3rd quarter. XTX Topco Ltd now owns 86,252 shares of the company’s stock worth $39,000 after acquiring an additional 13,473 shares during the period. Privium Fund Management B.V. raised its position in shares of Danimer Scientific by 67.6% during the 2nd quarter. Privium Fund Management B.V. now owns 75,398 shares of the company’s stock valued at $42,000 after acquiring an additional 30,398 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Danimer Scientific during the 2nd quarter valued at $62,000. Finally, Diversified Trust Co lifted its stake in shares of Danimer Scientific by 35.7% in the 2nd quarter. Diversified Trust Co now owns 285,000 shares of the company’s stock valued at $172,000 after purchasing an additional 75,000 shares during the period. 33.84% of the stock is owned by institutional investors.

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.