Point72 Asia Singapore Pte. Ltd. Purchases Shares of 101,971 Danimer Scientific, Inc. (NYSE:DNMR)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Danimer Scientific, Inc. (NYSE:DNMR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 101,971 shares of the company’s stock, valued at approximately $62,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Danimer Scientific by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,070,069 shares of the company’s stock valued at $5,526,000 after buying an additional 49,913 shares during the last quarter. Diversified Trust Co grew its position in shares of Danimer Scientific by 35.7% during 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. Privium Fund Management B.V. increased its stake in shares of Danimer Scientific by 67.6% in the 2nd quarter. Privium Fund Management B.V. now owns 75,398 shares of the company’s stock worth $42,000 after purchasing an additional 30,398 shares in the last quarter. Virtu Financial LLC raised its holdings in Danimer Scientific by 628.5% in the 4th quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock worth $186,000 after purchasing an additional 157,085 shares during the period. Finally, Thomasville National Bank lifted its position in Danimer Scientific by 125.8% during 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 in the last quarter. Institutional investors own 33.84% of the company’s stock.

Danimer Scientific Stock Up 11.5 %

DNMR opened at $0.43 on Monday. The stock has a market cap of $49.88 million, a price-to-earnings ratio of -0.30 and a beta of 1.57. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.15 and a current ratio of 4.52. The firm’s fifty day moving average is $0.39 and its 200 day moving average is $0.59. Danimer Scientific, Inc. has a fifty-two week low of $0.29 and a fifty-two week high of $2.09.

Danimer Scientific (NYSE:DNMR) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.06. Danimer Scientific had a negative return on equity of 48.01% and a negative net margin of 325.87%. The business had revenue of $7.63 million for the quarter, compared to the consensus estimate of $8.40 million. On average, sell-side analysts forecast that Danimer Scientific, Inc. will post -0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Piper Sandler reduced their price target on Danimer Scientific from $1.25 to $1.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. TD Cowen lowered shares of Danimer Scientific from a “buy” rating to a “hold” rating and reduced their target price for the stock from $2.00 to $1.00 in a report on Tuesday, August 13th.

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.