Danimer Scientific (NYSE:DNMR) Given New $5.50 Price Target at TD Cowen

Danimer Scientific (NYSE:DNMR) had its price objective cut by TD Cowen from $40.00 to $5.50 in a report issued on Thursday, Marketbeat.com reports. They currently have a hold rating on the stock.

Separately, Piper Sandler lowered Danimer Scientific from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $40.00 to $4.00 in a report on Wednesday, November 20th.

Danimer Scientific Stock Performance

Shares of DNMR opened at $5.20 on Thursday. The firm has a market cap of $15.60 million, a P/E ratio of -0.15 and a beta of 1.63. The firm’s 50 day moving average price is $14.01 and its two-hundred day moving average price is $19.13. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.15 and a current ratio of 3.28. Danimer Scientific has a twelve month low of $5.00 and a twelve month high of $73.60.

Institutional Investors Weigh In On Danimer Scientific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. increased its stake in Danimer Scientific by 58.1% in 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 raised its holdings in shares of Danimer Scientific by 18.5% in the third quarter. XTX Topco Ltd now owns 86,252 shares of the company’s stock worth $39,000 after buying an additional 13,473 shares during the last quarter. Privium Fund Management B.V. lifted its stake in shares of Danimer Scientific by 67.6% during the second quarter. Privium Fund Management B.V. now owns 75,398 shares of the company’s stock worth $42,000 after buying an additional 30,398 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Danimer Scientific during the second quarter valued at $62,000. Finally, Diversified Trust Co increased its position 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 acquiring an additional 75,000 shares during the period. 33.84% of the stock is currently owned by hedge funds and other 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.