HC Wainwright reaffirmed their buy rating on shares of Gevo (NASDAQ:GEVO - Free Report) in a research note published on Friday morning, Benzinga reports. They currently have a $14.00 price target on the energy company's stock.
Gevo Stock Performance
Shares of NASDAQ GEVO traded up $0.25 during mid-day trading on Friday, hitting $1.17. The company had a trading volume of 17,621,107 shares, compared to its average volume of 4,847,382. Gevo has a 12 month low of $0.48 and a 12 month high of $1.43. 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 cap of $276.39 million, a P/E ratio of -4.03 and a beta of 2.94. The business's 50-day simple moving average is $0.68 and its 200-day simple moving average is $0.68.
Gevo (NASDAQ:GEVO - Get Free Report) last announced 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). The company had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same quarter last year, the firm earned ($0.06) EPS. As a group, analysts predict that Gevo will post -0.34 earnings per share for the current fiscal year.
Insider Activity
In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,922,404 shares of the company's stock, valued at $2,000,426.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick R. Gruber sold 108,966 shares of Gevo stock in a transaction dated 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 transaction, the chief executive officer now directly owns 4,049,680 shares of the company's stock, valued at approximately $2,389,311.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick R. Gruber sold 127,276 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the sale, the chief executive officer now directly owns 3,922,404 shares in the company, valued at $2,000,426.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 759,600 shares of company stock worth $486,431. 4.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Bayesian Capital Management LP acquired a new stake in Gevo during the 1st quarter valued at $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo in the first quarter valued at $38,000. RPO LLC bought a new position in shares of Gevo in the fourth quarter valued at about $77,000. Paloma Partners Management Co acquired a new position in Gevo during the 1st quarter worth about $74,000. Finally, Point72 DIFC Ltd acquired a new stake in Gevo in the 2nd quarter valued at about $64,000. 35.17% of the stock is owned by institutional investors and hedge funds.
Gevo Company Profile
(
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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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