HC Wainwright Reaffirms Buy Rating for Gevo (NASDAQ:GEVO)

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating reiterated by stock analysts at HC Wainwright in a report released on Friday,Benzinga reports. They presently have a $14.00 target price on the energy company’s stock.

Gevo Price Performance

Gevo stock opened at $1.26 on Friday. The firm has a market capitalization of $301.65 million, a P/E ratio of -3.71 and a beta of 2.72. Gevo has a one year low of $0.48 and a one 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 business has a fifty day moving average price of $1.57 and a 200-day moving average price of $1.75.

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

Institutional Trading of Gevo

A number of hedge funds and other institutional investors have recently bought and sold shares of GEVO. Point72 Asset Management L.P. grew 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 in the last quarter. International Assets Investment Management LLC bought a new stake in Gevo during the fourth quarter valued at $59,000. Signal Advisors Wealth LLC purchased a new position in shares of Gevo during the fourth quarter worth about $34,000. Ballentine Partners LLC bought a new position in shares of Gevo in the 4th quarter worth $54,000. Finally, Janney Montgomery Scott LLC increased its stake in Gevo by 166.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock valued at $94,000 after acquiring an additional 28,000 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.

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.