HC Wainwright Reaffirms “Buy” Rating for Gevo (NASDAQ:GEVO)

HC Wainwright reiterated their buy rating on shares of Gevo (NASDAQ:GEVO) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $14.00 price target on the energy company’s stock.

Separately, UBS Group lowered their price target on Gevo from $1.36 to $0.85 and set a neutral rating for the company in a research report on Wednesday, April 10th.

Gevo Price Performance

Shares of GEVO stock opened at $0.70 on Friday. Gevo has a fifty-two week low of $0.57 and a fifty-two week high of $1.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.62 and a current ratio of 12.80. The firm has a market capitalization of $165.01 million, a price-to-earnings ratio of -2.41 and a beta of 2.88. The stock’s 50-day simple moving average is $0.71 and its 200-day simple moving average is $0.94.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, March 7th. The energy company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $4.37 million during the quarter, compared to analyst estimates of $4.26 million. Gevo had a negative return on equity of 11.97% and a negative net margin of 393.88%. During the same quarter last year, the business earned ($0.11) earnings per share. As a group, equities analysts forecast that Gevo will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Gevo

A number of hedge funds and other institutional investors have recently made changes to their positions in GEVO. First Affirmative Financial Network boosted its holdings in Gevo by 104.1% in the fourth quarter. First Affirmative Financial Network now owns 32,036 shares of the energy company’s stock valued at $37,000 after purchasing an additional 16,343 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo in the first quarter worth about $38,000. Tower Research Capital LLC TRC grew its holdings in Gevo by 136.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company’s stock worth $57,000 after acquiring an additional 28,323 shares during the period. RPO LLC acquired a new stake in Gevo during the fourth quarter worth about $77,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Gevo during the first quarter valued at approximately $89,000. Institutional investors and hedge funds 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.