Gevo (NASDAQ:GEVO) Price Target Lowered to $1.15 at UBS Group

Gevo (NASDAQ:GEVO) had its price target decreased by UBS Group from $3.25 to $1.15 in a research report sent to investors on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the energy company’s stock.

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

Gevo Stock Down 0.9 %

Shares of GEVO opened at $1.13 on Wednesday. The company’s 50-day simple moving average is $1.50 and its 200-day simple moving average is $1.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39. The stock has a market capitalization of $270.53 million, a PE ratio of -3.32 and a beta of 2.72.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.15 million during the quarter, compared to analysts’ expectations of $3.85 million. Analysts forecast that Gevo will post -0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gevo

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Gevo during the 4th quarter worth about $27,000. IHT Wealth Management LLC purchased a new stake in Gevo during the fourth quarter worth approximately $29,000. Signal Advisors Wealth LLC acquired a new position in Gevo in the fourth quarter valued at approximately $34,000. Commonwealth Equity Services LLC purchased a new position in Gevo in the fourth quarter valued at approximately $49,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Gevo during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds 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.