Origin Materials (NASDAQ:ORGN) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Origin Materials in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Origin Materials presently has an average rating of “Sell”.

Origin Materials Stock Up 12.9%

Shares of ORGN opened at $3.24 on Friday. The company has a market cap of $16.30 million, a P/E ratio of -0.23 and a beta of 1.00. Origin Materials has a fifty-two week low of $2.71 and a fifty-two week high of $28.49. The firm’s 50 day moving average price is $4.87 and its 200 day moving average price is $10.82.

Institutional Trading of Origin Materials

Hedge funds have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. lifted its stake in Origin Materials by 848.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 623,460 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 557,747 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Origin Materials by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,552,860 shares of the financial services provider’s stock valued at $2,882,000 after purchasing an additional 220,421 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Origin Materials by 756.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,215,063 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 1,073,163 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Origin Materials by 157.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 279,903 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 171,105 shares during the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

Origin Materials Company Profile

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.