Origin Materials (NASDAQ:ORGN) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Origin Materials (NASDAQ:ORGN) to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Origin Materials in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Origin Materials Trading Down 15.3%

Shares of ORGN stock opened at $2.87 on Friday. Origin Materials has a 1-year low of $2.71 and a 1-year high of $28.49. The stock has a market cap of $14.44 million, a price-to-earnings ratio of -0.20 and a beta of 0.99. The stock has a 50-day moving average of $4.93 and a 200-day moving average of $10.94.

Institutional Trading of Origin Materials

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of Origin Materials by 13.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,705,663 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 196,050 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Origin Materials by 112.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 39,856 shares in the last quarter. Osaic Holdings Inc. grew its stake in Origin Materials by 21.7% during the second quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 19,950 shares during the period. Vanguard Group Inc. grew its stake in Origin Materials by 4.1% during the third quarter. Vanguard Group Inc. now owns 5,552,860 shares of the financial services provider’s stock worth $2,882,000 after purchasing an additional 220,421 shares during the period. Finally, Virtu Financial LLC acquired a new position in Origin Materials in the third quarter valued at approximately $39,000. 29.91% of the stock is currently owned by institutional investors and hedge funds.

About Origin Materials

Origin Materials, Inc is a cleantech company focused on producing sustainable chemicals and materials from renewable biomass rather than fossil feedstocks. The company’s core technology platform converts wood chips and other lignocellulosic feedstocks into a versatile intermediate called CMF (chloromethylfurfural), which can be further processed into a range of building‐block chemicals used in applications such as packaging, coatings and performance fibers. By offering a drop‐in alternative to petrochemical precursors, Origin Materials aims to reduce carbon emissions and environmental impact across multiple industries.

The company operates a demonstration facility in Sarnia, Ontario, where it validates its conversion process at scale and produces sample volumes of bio‐based intermediates.