Gevo’s (GEVO) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Gevo (NASDAQ:GEVO) in a research note published on Friday, MarketBeat Ratings reports. HC Wainwright currently has a $14.00 price objective on the energy company’s stock.

Gevo Stock Performance

Shares of GEVO stock opened at $3.13 on Friday. Gevo has a 12 month low of $0.48 and a 12 month high of $3.15. The stock has a market cap of $739.41 million, a PE ratio of -10.79 and a beta of 2.98. The company’s fifty day moving average price is $1.27 and its 200-day moving average price is $0.86. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The firm had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same period last year, the business earned ($0.06) earnings per share. On average, equities analysts expect that Gevo will post -0.34 EPS for the current fiscal year.

Insider Transactions at Gevo

In related news, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the completion of the sale, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the transaction, the chief executive officer now owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $63,850.64. Following the sale, the chief operating officer now directly owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 759,600 shares of company stock valued at $486,431. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

A number of hedge funds have recently added to or reduced their stakes in GEVO. Thomist Capital Management LP bought a new stake in shares of Gevo in the first quarter worth $1,833,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Gevo during the 1st quarter valued at about $89,000. BNP Paribas Financial Markets increased its position in shares of Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo during the 1st quarter valued at about $38,000. Finally, Vanguard Group Inc. increased its position in shares of Gevo by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after purchasing an additional 409,693 shares during the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Company Profile

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.