Danimer Scientific, Inc. (NYSE:DNMR) – Research analysts at Jefferies Financial Group increased their FY2022 earnings estimates for Danimer Scientific in a research report issued to clients and investors on Wednesday, September 22nd. Jefferies Financial Group analyst L. Alexander now anticipates that the company will post earnings of $0.10 per share for the year, up from their prior estimate of $0.05.
Separately, Zacks Investment Research cut shares of Danimer Scientific from a “hold” rating to a “sell” rating in a research note on Thursday, September 9th.
Danimer Scientific (NYSE:DNMR) last issued its quarterly earnings data on Monday, August 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $14.47 million for the quarter.
In related news, CMO Scott Tuten sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 17th. The stock was sold at an average price of $16.56, for a total value of $165,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Institutional investors have recently made changes to their positions in the stock. Nelson Capital Management LLC raised its holdings in shares of Danimer Scientific by 1.5% during the second quarter. Nelson Capital Management LLC now owns 46,155 shares of the company’s stock valued at $1,156,000 after purchasing an additional 701 shares during the period. CKW Financial Group acquired a new position in Danimer Scientific during the 1st quarter worth approximately $28,000. Pittenger & Anderson Inc. bought a new position in Danimer Scientific in the first quarter worth approximately $28,000. Jacobi Capital Management LLC acquired a new stake in Danimer Scientific in the first quarter valued at approximately $38,000. Finally, Spectrum Management Group LLC increased its holdings in shares of Danimer Scientific by 100.0% during the second quarter. Spectrum Management Group LLC now owns 2,000 shares of the company’s stock valued at $50,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 46.71% of the company’s stock.
Danimer Scientific Company Profile
Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petrochemical-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including water bottles, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
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