Gevo, Inc. (GEVO) Receives “Buy” Rating from HC Wainwright
Gevo, Inc. (NASDAQ:GEVO)‘s stock had its “buy” rating reiterated by HC Wainwright in a report issued on Wednesday. They currently have a $12.00 target price on the energy company’s stock.
GEVO has been the topic of several other research reports. Zacks Investment Research upgraded Gevo from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Tuesday, August 29th. ValuEngine upgraded Gevo from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Rodman & Renshaw reiterated a “buy” rating and issued a $12.00 price target on shares of Gevo in a research note on Wednesday, August 9th.
Gevo (GEVO) traded up 7.061% during trading on Wednesday, reaching $0.705. The company’s stock had a trading volume of 5,028,538 shares. The stock’s market cap is $11.43 million. Gevo has a 1-year low of $0.53 and a 1-year high of $9.70. The company’s 50 day moving average price is $0.62 and its 200-day moving average price is $0.76.
Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.10. Gevo had a negative return on equity of 43.79% and a negative net margin of 108.84%. The company had revenue of $7.54 million for the quarter, compared to analyst estimates of $5.63 million. Equities analysts forecast that Gevo will post ($2.00) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sabby Management LLC acquired a new stake in shares of Gevo during the 1st quarter valued at $1,274,000. Vanguard Group Inc. boosted its holdings in shares of Gevo by 22.4% during the 2nd quarter. Vanguard Group Inc. now owns 486,959 shares of the energy company’s stock valued at $336,000 after acquiring an additional 89,020 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its holdings in shares of Gevo by 557.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 182,390 shares of the energy company’s stock valued at $126,000 after acquiring an additional 154,654 shares in the last quarter. 13.14% of the stock is currently owned by institutional investors.
Gevo Company Profile
Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.
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