Gevo (NASDAQ:GEVO) Rating Reiterated by HC Wainwright

HC Wainwright restated their buy rating on shares of Gevo (NASDAQ:GEVO) in a report released on Friday morning, Benzinga reports. They currently have a $14.00 price objective on the energy company’s stock.

Separately, UBS Group cut their price target on Gevo from $1.36 to $0.85 and set a neutral rating on the stock in a research report on Wednesday, April 10th.

Gevo Trading Up 5.9 %

NASDAQ GEVO opened at $0.70 on Friday. The firm’s fifty day moving average price is $0.71 and its 200 day moving average price is $0.94. Gevo has a 12 month low of $0.57 and a 12 month high of $1.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.80 and a quick ratio of 12.62. The company has a market capitalization of $165.01 million, a price-to-earnings ratio of -2.41 and a beta of 2.88.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Gevo had a negative return on equity of 11.97% and a negative net margin of 393.88%. The firm had revenue of $4.37 million for the quarter, compared to analysts’ expectations of $4.26 million. During the same period in the previous year, the business posted ($0.11) EPS. On average, sell-side analysts expect that Gevo will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC purchased a new position in shares of Gevo during the first quarter worth about $38,000. BNP Paribas Financial Markets lifted its position 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 during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gevo during the 1st quarter worth approximately $89,000. Thomist Capital Management LP purchased a new position in shares of Gevo in the 1st quarter valued at approximately $1,833,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Gevo by 136.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company’s stock valued at $57,000 after purchasing an additional 28,323 shares during the period. 35.17% of the stock is owned by hedge funds and other institutional investors.

About Gevo

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.