Origin Materials' (ORGN) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Origin Materials' stock received a "sell (D-)" rating reaffirmed by Weiss Ratings, indicating ongoing concerns among analysts about the company's performance.
• Despite a recent stock price increase of 1.9%, Origin Materials reported significantly lower revenue of $5.80 million against expectations of $29.10 million for the last quarter.
• Institutional investors own 29.91% of Origin Materials' stock, with several firms increasing their stakes during recent quarters.

Origin Materials (NASDAQ:ORGN - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut Origin Materials to a "strong sell" rating in a research report on Saturday, July 5th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Origin Materials has an average rating of "Sell" and an average price target of $1.50.

Origin Materials Stock Up 1.9%

Origin Materials stock opened at $0.53 on Wednesday. The stock has a market capitalization of $79.97 million, a PE ratio of -0.86 and a beta of 0.86. Origin Materials has a 12 month low of $0.40 and a 12 month high of $1.53. The business has a 50 day simple moving average of $0.60 and a 200-day simple moving average of $0.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.37 and a quick ratio of 6.33.

Origin Materials (NASDAQ:ORGN - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The financial services provider reported ($0.09) EPS for the quarter, meeting analysts' consensus estimates of ($0.09). The business had revenue of $5.80 million during the quarter, compared to analysts' expectations of $29.10 million. Origin Materials had a negative return on equity of 27.05% and a negative net margin of 312.11%. Origin Materials has set its FY 2026 guidance at EPS. FY 2027 guidance at EPS. On average, analysts anticipate that Origin Materials will post -0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Origin Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in Origin Materials by 112.2% during the second quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider's stock worth $36,000 after buying an additional 39,856 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Origin Materials by 21.7% in the 2nd quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 19,950 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Origin Materials by 66.9% in the 1st quarter. Virtu Financial LLC now owns 90,016 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 36,097 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Origin Materials in the 1st quarter valued at $101,000. Finally, Rehmann Capital Advisory Group acquired a new position in shares of Origin Materials in the 1st quarter valued at $406,000. Institutional investors and hedge funds own 29.91% of the company's stock.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.