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

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

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

Gevo Price Performance

NASDAQ:GEVO traded up $0.10 during trading hours on Tuesday, reaching $1.85. The stock had a trading volume of 2,327,288 shares, compared to its average volume of 7,957,018. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The stock has a market capitalization of $441.71 million, a PE ratio of -5.43 and a beta of 2.73. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39. The company has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $1.55.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The company had revenue of $1.97 million for the quarter, compared to the consensus estimate of $6.08 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts anticipate that Gevo will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GEVO. Cubist Systematic Strategies LLC bought a new stake in shares of Gevo during the 2nd quarter worth approximately $112,000. Millennium Management LLC purchased a new position in Gevo in the 2nd quarter worth about $2,888,000. Financial Advocates Investment Management bought a new stake in Gevo during the 3rd quarter valued at about $114,000. Lauterbach Financial Advisors LLC bought a new position in Gevo in the 3rd quarter worth about $29,000. Finally, Point72 Asset Management L.P. increased its position in shares of Gevo by 54.2% during the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after acquiring an additional 812,870 shares during the period. Hedge funds and other 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.