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Gevo's (GEVO) Buy Rating Reiterated at HC Wainwright

Gevo logo with Oils/Energy background

Gevo (NASDAQ:GEVO - Get Free Report)'s stock had its "buy" rating restated by research analysts at HC Wainwright in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $14.00 price target on the energy company's stock.

Gevo Trading Up 25.9 %

Shares of Gevo stock traded up $0.14 during midday trading on Monday, reaching $0.68. 9,556,065 shares of the company's stock traded hands, compared to its average volume of 4,943,827. The stock has a 50 day moving average of $0.60 and a 200-day moving average of $0.70. Gevo has a 12 month low of $0.48 and a 12 month high of $1.59. The company has a market cap of $160.64 million, a PE ratio of -2.34 and a beta of 2.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.62 and a current ratio of 12.80.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative net margin of 393.88% and a negative return on equity of 11.97%. The business had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same period in the prior year, the business earned ($0.06) EPS. As a group, equities analysts expect that Gevo will post -0.34 EPS for the current fiscal year.

Insider Transactions at Gevo

In other news, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the transaction, the chief executive officer now directly owns 3,922,404 shares of the company's stock, valued at approximately $2,000,426.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Gevo news, CEO Patrick R. Gruber sold 108,966 shares of the company's stock in a transaction that occurred 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 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. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick R. Gruber sold 127,276 shares of Gevo 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 in the company, valued at $2,000,426.04. The disclosure for this sale can be found here. Insiders sold 425,037 shares of company stock worth $232,163 over the last quarter. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GEVO. Bayesian Capital Management LP purchased a new position in shares of Gevo during the first quarter valued at about $27,000. FinTrust Capital Advisors LLC bought a new stake in Gevo during the 1st quarter valued at about $38,000. Tower Research Capital LLC TRC boosted its holdings in shares of Gevo by 136.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company's stock valued at $57,000 after purchasing an additional 28,323 shares during the period. XTX Topco Ltd lifted its holdings in shares of Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock worth $74,000 after buying an additional 51,057 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of Gevo during the first quarter valued at $74,000. 35.17% of the stock is currently owned by institutional investors.

Gevo Company Profile

(Get Free Report)

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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