UBS Group Raises Gevo (NASDAQ:GEVO) Price Target to $3.25

Gevo (NASDAQ:GEVO) had its price target lifted by UBS Group from $0.85 to $3.25 in a research note released on Tuesday, Benzinga reports. They currently have a neutral rating on the energy company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Friday, October 18th.

Gevo Stock Performance

Shares of NASDAQ:GEVO opened at $2.96 on Tuesday. The firm has a fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $0.94. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $699.25 million, a P/E ratio of -10.21 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, analysts expect that Gevo will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Patrick R. Gruber sold 164,428 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 value of $124,965.28. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 775,600 shares of company stock valued at $535,391. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Gevo

Several institutional investors and hedge funds have recently modified their holdings of GEVO. Bayesian Capital Management LP bought a new stake in Gevo during the 1st quarter valued at $27,000. FinTrust Capital Advisors LLC bought a new stake in shares of Gevo in the first quarter valued at about $38,000. XTX Topco Ltd lifted its stake in Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares during the period. BNP Paribas Financial Markets grew its holdings in Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after acquiring an additional 63,179 shares in the last quarter. Finally, Financial Advocates Investment Management purchased a new position in Gevo during the 3rd quarter valued at about $114,000. 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.