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.

COPYRIGHT VIOLATION NOTICE: “Gevo, Inc. (GEVO) Receives “Buy” Rating from HC Wainwright” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/08/gevo-inc-gevo-receives-buy-rating-from-hc-wainwright.html.

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.

Receive News & Ratings for Gevo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.