Gevo (NASDAQ:GEVO) Price Target Cut to $1.15 by Analysts at UBS Group

Gevo (NASDAQ:GEVO) had its price target reduced by analysts at UBS Group from $3.25 to $1.15 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the energy company’s stock. UBS Group’s target price would suggest a potential upside of 0.44% from the stock’s previous close.

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

Gevo Stock Performance

Shares of NASDAQ GEVO traded up $0.01 during trading hours on Wednesday, hitting $1.15. 528,365 shares of the company’s stock were exchanged, compared to its average volume of 5,554,237. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The stock has a market capitalization of $274.12 million, a price-to-earnings ratio of -3.34 and a beta of 2.72. The company’s 50-day moving average price is $1.51 and its 200-day moving average price is $1.76.

Gevo (NASDAQ:GEVO) last announced 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. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The business had revenue of $4.15 million during the quarter, compared to analyst estimates of $3.85 million. On average, sell-side analysts expect that Gevo will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of Gevo

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of Gevo by 441.0% in the 4th quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company’s stock worth $8,966,000 after acquiring an additional 3,497,007 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in 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 acquiring an additional 812,870 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Gevo during the 4th quarter worth about $904,000. Marshall Wace LLP acquired a new stake in Gevo in the 4th quarter valued at about $812,000. Finally, Two Sigma Investments LP raised its stake in shares of Gevo by 671.3% in the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company’s stock worth $690,000 after acquiring an additional 287,150 shares during the last quarter. 35.17% of the stock is owned by institutional investors.

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.