UBS Group Issues Pessimistic Forecast for Gevo (NASDAQ:GEVO) Stock Price

Gevo (NASDAQ:GEVO) had its price target lowered by equities research analysts at UBS Group from $3.25 to $1.15 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the energy company’s stock. UBS Group’s price target points to a potential upside of 0.44% from the stock’s current price.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, March 28th.

Gevo Trading Up 0.4 %

NASDAQ GEVO traded up $0.01 during trading on Wednesday, reaching $1.15. 528,365 shares of the stock traded hands, compared to its average volume of 5,554,237. The stock’s 50-day moving average price is $1.51 and its 200 day moving average price is $1.76. 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 firm has a market cap of $274.12 million, a price-to-earnings ratio of -3.34 and a beta of 2.72. Gevo has a fifty-two week low of $0.48 and a fifty-two week high of $3.39.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $4.15 million during the quarter, compared to analysts’ expectations of $3.85 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. Analysts predict that Gevo will post -0.42 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GEVO. Invesco Ltd. boosted its stake in shares of Gevo by 441.0% during the 4th quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company’s stock worth $8,966,000 after buying an additional 3,497,007 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Gevo by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company’s stock worth $5,626,000 after purchasing an additional 234,727 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Gevo during the 4th quarter worth approximately $904,000. Finally, Marshall Wace LLP acquired a new stake in shares of Gevo in the 4th quarter valued at approximately $812,000. Institutional investors and hedge funds 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.