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

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating reiterated by HC Wainwright in a report released on Wednesday,Benzinga reports. They currently have a $14.00 price objective 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 target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Performance

GEVO stock opened at $1.49 on Wednesday. The company has a market cap of $356.72 million, a P/E ratio of -4.38 and a beta of 2.94. 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 1 year low of $0.48 and a 1 year high of $3.39. The stock’s fifty day moving average price is $1.86 and its 200-day moving average price is $1.08.

Insider Buying and Selling at Gevo

In other news, COO Christopher Michael Ryan sold 84,014 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the transaction, the chief operating officer now directly owns 1,573,934 shares in the company, valued at $1,196,189.84. The trade was a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick R. Gruber sold 164,428 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the sale, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 377,474 shares of company stock valued at $367,007 over the last 90 days. 4.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gevo

Several hedge funds have recently modified their holdings of the stock. Lauterbach Financial Advisors LLC purchased a new position in Gevo during the third quarter valued at $29,000. Bayesian Capital Management LP purchased a new position in shares of Gevo during the first quarter valued at about $27,000. XTX Topco Ltd grew its position in shares of Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after purchasing an additional 51,057 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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. Finally, Financial Advocates Investment Management purchased a new stake in shares of Gevo in the third quarter worth about $114,000. 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.