Gevo's (GEVO) "Buy" Rating Reaffirmed at HC Wainwright

Gevo (NASDAQ:GEVO - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at HC Wainwright in a research report issued on Wednesday,Benzinga reports. They presently have a $14.00 price target on the energy company's stock. HC Wainwright also issued estimates for Gevo's FY2027 earnings at $0.40 EPS.

Separately, UBS Group lifted their target price on Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, October 22nd.

Gevo Stock Performance

GEVO traded down $0.19 during trading hours on Wednesday, hitting $1.45. The stock had a trading volume of 5,439,032 shares, compared to its average volume of 5,946,498. The company's fifty day simple moving average is $1.83 and its 200 day simple moving average is $1.07. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39. The stock has a market cap of $347.14 million, a PE ratio of -4.29 and a beta of 2.94. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Insider Activity

In related news, insider Andrew Shafer sold 26,911 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares in the company, valued at $787,859.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Andrew Shafer sold 26,911 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares in the company, valued at $787,859.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the business's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the sale, the insider now owns 947,882 shares of the company's stock, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 377,474 shares of company stock worth $367,007. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Gevo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bayesian Capital Management LP bought a new stake in Gevo in the first quarter valued at approximately $27,000. Lauterbach Financial Advisors LLC bought a new stake in Gevo in the third quarter valued at approximately $29,000. Alternative Investment Advisors LLC. bought a new stake in Gevo in the second quarter valued at approximately $51,000. Point72 DIFC Ltd bought a new stake in Gevo in the second quarter valued at approximately $64,000. Finally, Paloma Partners Management Co bought a new stake in Gevo in the first quarter valued at approximately $74,000. 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.