HC Wainwright Reaffirms “Buy” Rating for Gevo (NASDAQ:GEVO)

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research report issued on Tuesday,Benzinga reports. They currently have a $14.00 price objective on the energy company’s stock.

Separately, UBS Group raised their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Trading Down 2.2 %

Shares of Gevo stock opened at $1.82 on Tuesday. The business has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $1.56. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39. The company has a market capitalization of $435.73 million, a price-to-earnings ratio of -5.35 and a beta of 2.73. 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 (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The business had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. During the same quarter last year, the firm posted ($0.07) EPS. Research analysts forecast that Gevo will post -0.32 EPS for the current year.

Institutional Investors Weigh In On Gevo

A number of institutional investors have recently modified their holdings of the business. Millennium Management LLC acquired a new position in Gevo in the second quarter valued at about $2,888,000. Point72 Asset Management L.P. raised its stake in Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after purchasing an additional 812,870 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Gevo in the second quarter valued at about $112,000. Financial Advocates Investment Management acquired a new position in Gevo in the third quarter valued at about $114,000. Finally, Centerpoint Advisory Group acquired a new position in Gevo in the fourth quarter valued at about $75,000. 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.