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

HC Wainwright reaffirmed their buy rating on shares of Gevo (NASDAQ:GEVO) 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.

Gevo Price Performance

NASDAQ GEVO opened at $1.93 on Tuesday. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $462.06 million, a PE ratio of -5.68 and a beta of 2.73. Gevo has a 12-month low of $0.48 and a 12-month high of $3.39. The company has a 50 day moving average price of $1.87 and a two-hundred day moving average price of $1.56.

Gevo (NASDAQ:GEVO) 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.