Gevo (NASDAQ:GEVO) Given "Buy" Rating at HC Wainwright

Gevo (NASDAQ:GEVO - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They currently have a $14.00 price target on the energy company's stock.

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

Gevo Price Performance

Gevo stock traded down $0.05 during mid-day trading on Tuesday, hitting $1.82. 3,939,162 shares of the company traded hands, compared to its average volume of 8,000,030. Gevo has a one year low of $0.48 and a one year high of $3.39. The stock has a market cap of $434.53 million, a price-to-earnings ratio of -5.34 and a beta of 2.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The stock has a fifty day moving average price of $1.86 and a 200-day moving average price of $1.56.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The firm had revenue of $1.97 million for the quarter, compared to the consensus estimate of $6.08 million. During the same period last year, the firm posted ($0.07) earnings per share. On average, equities analysts predict that Gevo will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gevo

Several hedge funds and other institutional investors have recently made changes to their positions in GEVO. Millennium Management LLC purchased a new position in shares of Gevo during the 2nd quarter valued at $2,888,000. Point72 Asset Management L.P. lifted its stake in Gevo by 54.2% in the 3rd 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Gevo in the 2nd quarter worth $112,000. Financial Advocates Investment Management lifted its stake in Gevo by 28.5% in the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock worth $188,000 after purchasing an additional 19,980 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased 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 worth $94,000 after buying an additional 28,000 shares during the last quarter. Hedge funds and other institutional investors own 35.17% of the company's stock.

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.