HC Wainwright Reiterates Buy Rating for Gevo (NASDAQ:GEVO)

HC Wainwright reissued their buy rating on shares of Gevo (NASDAQ:GEVO) in a research report report published on Friday,Benzinga reports. The firm currently has a $14.00 price target on the energy company’s stock.

Separately, UBS Group decreased their price objective on shares of Gevo from $3.25 to $1.15 and set a “neutral” rating for the company in a report on Wednesday, April 2nd.

Gevo Stock Performance

Shares of GEVO stock opened at $1.27 on Friday. The firm has a 50-day moving average of $1.14 and a 200-day moving average of $1.49. The company has a market cap of $304.25 million, a P/E ratio of -3.74 and a beta of 2.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. Gevo has a one year low of $0.48 and a one year high of $3.39.

Gevo (NASDAQ:GEVO) last announced its earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. Equities research analysts forecast that Gevo will post -0.42 EPS for the current fiscal year.

Institutional Trading of Gevo

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Gevo during the fourth quarter worth about $27,000. IHT Wealth Management LLC purchased a new stake in Gevo during the fourth quarter worth about $29,000. Commonwealth Equity Services LLC purchased a new stake in Gevo during the fourth quarter worth about $49,000. ExodusPoint Capital Management LP purchased a new stake in Gevo during the fourth quarter worth about $49,000. Finally, VisionPoint Advisory Group LLC boosted its position in Gevo by 200.9% during the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company’s stock worth $65,000 after purchasing an additional 18,734 shares during the period. Hedge funds and other institutional investors own 35.17% of the company’s stock.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.