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

Gevo (NASDAQ:GEVO - Free Report) had its target price decreased by UBS Group from $3.25 to $1.15 in a research note published on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the energy company's stock.

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

Gevo Trading Up 1.5 %

Gevo stock traded up $0.02 during trading on Wednesday, hitting $1.05. The company had a trading volume of 1,518,247 shares, compared to its average volume of 5,539,904. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The company's 50 day simple moving average is $1.47 and its 200-day simple moving average is $1.76. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39. The stock has a market cap of $250.39 million, a price-to-earnings ratio of -3.07 and a beta of 2.62.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. The firm had revenue of $4.15 million for the quarter, compared to analyst estimates 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, analysts expect that Gevo will post -0.42 EPS for the current fiscal year.

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Institutional Trading of Gevo

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock valued at $8,966,000 after buying an additional 3,497,007 shares during the last quarter. Geode Capital Management LLC raised its stake in Gevo by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after acquiring an additional 234,727 shares during the last quarter. Point72 Asset Management L.P. raised its stake 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 valued at $3,770,000 after acquiring an additional 812,870 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Gevo in the 4th quarter valued at approximately $904,000. Finally, Marshall Wace LLP acquired a new position in shares of Gevo in the fourth quarter valued at approximately $812,000. 35.17% of the stock is owned by hedge funds and other 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.