HC Wainwright reaffirmed their buy rating on shares of Gevo (NASDAQ:GEVO – Free Report) in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has a $14.00 target price on the energy company’s stock.
Separately, UBS Group upped their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.
Check Out Our Latest Stock Report on GEVO
Gevo Price Performance
Gevo (NASDAQ:GEVO – Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.97 million during the quarter, compared to analyst estimates of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same quarter in the previous year, the business earned ($0.07) EPS. As a group, equities analysts predict that Gevo will post -0.32 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Gevo during the 4th quarter worth $27,000. Signal Advisors Wealth LLC bought a new position in shares of Gevo in the fourth quarter worth about $34,000. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo in the third quarter worth about $29,000. VisionPoint Advisory Group LLC lifted its position in shares of Gevo by 200.9% during the 4th quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company’s stock worth $65,000 after purchasing an additional 18,734 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock valued at $188,000 after purchasing an additional 19,980 shares during the period. 35.17% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Gevo
- 5 discounted opportunities for dividend growth investors
- Price Plunge in Roblox Presents Opportunity for Robust Gains
- Ride Out The Recession With These Dividend KingsĀ
- Billions in Buybacks: 4 Stocks Rewarding Shareholders Now
- What is Short Interest? How to Use It
- 3 Steel Stocks to Gain Strength as Tariffs Reshape the Market
Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.