Gevo (NASDAQ:GEVO) Price Target Raised to $3.25

Gevo (NASDAQ:GEVO - Get Free Report) had its target price raised by investment analysts at UBS Group from $0.85 to $3.25 in a report issued on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the energy company's stock. UBS Group's price target would indicate a potential upside of 7.97% from the company's current price.

Separately, HC Wainwright reissued a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Friday.

Gevo Stock Performance

Shares of GEVO traded down $0.28 during trading hours on Tuesday, hitting $3.01. The stock had a trading volume of 13,847,436 shares, compared to its average volume of 5,719,637. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39. The stock has a fifty day moving average price of $1.33 and a 200 day moving average price of $0.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The firm has a market capitalization of $711.06 million, a PE ratio of -10.62 and a beta of 2.98.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The firm had revenue of $5.26 million for the quarter, compared to analysts' expectations of $3.93 million. During the same quarter in the prior year, the business earned ($0.06) EPS. Analysts anticipate that Gevo will post -0.34 EPS for the current year.

Insider Buying and Selling at Gevo

In other news, CEO Patrick R. Gruber sold 108,966 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total value of $64,289.94. Following the completion of the sale, the chief executive officer now directly owns 4,049,680 shares of the company's stock, valued at $2,389,311.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Patrick R. Gruber sold 127,276 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the transaction, the chief executive officer now owns 3,922,404 shares of the company's stock, valued at approximately $2,000,426.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick R. Gruber sold 108,966 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total transaction of $64,289.94. Following the transaction, the chief executive officer now directly owns 4,049,680 shares of the company's stock, valued at $2,389,311.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775,600 shares of company stock valued at $535,391 over the last 90 days. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GEVO. Bayesian Capital Management LP purchased a new stake in shares of Gevo in the first quarter worth about $27,000. FinTrust Capital Advisors LLC purchased a new position in Gevo in the 1st quarter worth about $38,000. Alternative Investment Advisors LLC. purchased a new position in shares of Gevo during the second quarter worth approximately $51,000. Point72 DIFC Ltd bought a new stake in Gevo during the 2nd quarter valued at $64,000. Finally, Paloma Partners Management Co bought a new position in Gevo during the 1st quarter worth about $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.