Gevo (NASDAQ:GEVO) Earns Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Gevo (NASDAQ:GEVO) in a report issued on Wednesday,Benzinga reports. The brokerage currently has a $14.00 price target on the energy company’s stock. HC Wainwright also issued estimates for Gevo’s FY2027 earnings at $0.40 EPS.

Separately, UBS Group boosted their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Performance

Shares of Gevo stock opened at $1.43 on Wednesday. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39. The firm has a market capitalization of $342.36 million, a P/E ratio of -4.21 and a beta of 2.94. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $1.88 and a two-hundred day simple moving average of $1.08.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the transaction, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher Michael Ryan sold 84,014 shares of the 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 $1,196,189.84. This trade represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 377,474 shares of company stock valued at $367,007. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gevo

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Gevo in the 1st quarter valued at approximately $89,000. BNP Paribas Financial Markets raised its stake in shares of Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after purchasing an additional 63,179 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Gevo by 3.1% during the first 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Gevo by 128.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock valued at $263,000 after buying an additional 192,457 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in Gevo in the 1st quarter worth about $74,000. Institutional investors own 35.17% of the company’s stock.

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.