Gevo (NASDAQ:GEVO) Given Buy Rating at HC Wainwright

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

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

Gevo Stock Up 6.3 %

NASDAQ GEVO opened at $1.86 on Tuesday. The stock has a market cap of $445.30 million, a PE ratio of -5.47 and a beta of 2.73. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39. The stock’s 50 day moving average is $1.86 and its 200 day moving average is $1.56. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $1.97 million for the quarter, compared to analysts’ expectations of $6.08 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. During the same period in the prior year, the firm earned ($0.07) EPS. Research analysts predict that Gevo will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Gevo

Several large investors have recently modified their holdings of GEVO. Millennium Management LLC bought a new position in shares of Gevo during the 2nd quarter valued at approximately $2,888,000. Point72 Asset Management L.P. increased its position 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 valued at $3,770,000 after purchasing an additional 812,870 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Gevo during the 2nd quarter valued at approximately $112,000. Financial Advocates Investment Management bought a new position in shares of Gevo during the 3rd quarter valued at approximately $114,000. Finally, Centerpoint Advisory Group bought a new position in shares of Gevo during the 4th quarter valued at approximately $75,000. 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.