Gevo’s (GEVO) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Gevo (NASDAQ:GEVO) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $14.00 price objective on the energy company’s stock. HC Wainwright also issued estimates for Gevo’s FY2027 earnings at $0.40 EPS.

Separately, UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Performance

Shares of GEVO stock opened at $1.43 on Wednesday. The company has a market cap of $342.36 million, a price-to-earnings ratio of -4.21 and a beta of 2.94. The stock has a 50 day simple moving average of $1.88 and a 200-day simple moving average of $1.08. Gevo has a 12-month low of $0.48 and a 12-month high of $3.39. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now owns 332,430 shares in the company, valued at $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick R. Gruber sold 164,428 shares of Gevo stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $124,965.28. Following the completion of the transaction, the chief executive officer now owns 3,757,976 shares in the company, valued at $2,856,061.76. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 377,474 shares of company stock valued at $367,007. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP purchased a new position in Gevo in the first quarter valued at about $27,000. Lauterbach Financial Advisors LLC purchased a new position in Gevo in the third quarter valued at about $29,000. Alternative Investment Advisors LLC. purchased a new stake in shares of Gevo during the second quarter worth about $51,000. Point72 DIFC Ltd purchased a new stake in shares of Gevo during the second quarter worth about $64,000. Finally, Paloma Partners Management Co acquired a new position in shares of Gevo in the first quarter worth about $74,000. 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.