Gevo, Inc. (NASDAQ:GEVO - Free Report) - Stock analysts at HC Wainwright cut their FY2028 earnings per share estimates for Gevo in a research report issued to clients and investors on Friday, March 28th. HC Wainwright analyst A. Dayal now anticipates that the energy company will post earnings per share of $0.31 for the year, down from their previous estimate of $0.35. HC Wainwright currently has a "Buy" rating and a $14.00 price target on the stock. The consensus estimate for Gevo's current full-year earnings is ($0.42) per share. HC Wainwright also issued estimates for Gevo's FY2029 earnings at $1.04 EPS.
Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.09) earnings per share (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 firm had revenue of $4.15 million for the quarter, compared to analysts' expectations of $3.85 million.
Separately, UBS Group cut their price objective on Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research report on Wednesday.
Read Our Latest Analysis on Gevo
Gevo Price Performance
NASDAQ GEVO traded down $0.08 on Monday, reaching $1.05. The company had a trading volume of 2,906,984 shares, compared to its average volume of 5,545,481. The stock has a market capitalization of $251.38 million, a PE ratio of -3.09 and a beta of 2.72. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The firm's 50 day moving average price is $1.48 and its 200 day moving average price is $1.76.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GEVO. Point72 Asset Management L.P. increased its position in Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company's stock worth $3,770,000 after purchasing an additional 812,870 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Gevo in the 4th quarter worth $59,000. Signal Advisors Wealth LLC bought a new stake in shares of Gevo in the 4th quarter worth about $34,000. Ballentine Partners LLC purchased a new stake in shares of Gevo during the 4th quarter valued at about $54,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Gevo by 166.4% in the 4th 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. 35.17% of the stock is currently owned by institutional investors.
About Gevo
(
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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.
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