Gevo (NASDAQ:GEVO) Price Target Raised to $2.25 at UBS Group

Gevo (NASDAQ:GEVO) had its target price increased by UBS Group from $1.15 to $2.25 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the energy company’s stock.

GEVO has been the subject of a number of other research reports. Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. HC Wainwright reissued a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, May 30th. Finally, Wall Street Zen raised Gevo from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.13.

Gevo Trading Up 8.5%

Shares of GEVO stock opened at $2.05 on Wednesday. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $1.58 and a two-hundred day moving average price of $1.34. Gevo has a 12-month low of $0.92 and a 12-month high of $3.39. The firm has a market cap of $495.77 million, a P/E ratio of -7.88 and a beta of 2.18.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%.The firm had revenue of $43.41 million during the quarter, compared to analyst estimates of $43.69 million. Equities analysts anticipate that Gevo will post -0.42 EPS for the current fiscal year.

Insider Activity at Gevo

In related news, Director Gary W. Mize sold 91,459 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $1.68, for a total transaction of $153,651.12. Following the transaction, the director owned 388,326 shares in the company, valued at $652,387.68. The trade was a 19.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick R. Gruber sold 120,304 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1.25, for a total value of $150,380.00. Following the transaction, the chief executive officer owned 3,963,164 shares in the company, valued at approximately $4,953,955. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 681,885 shares of company stock worth $915,584 over the last 90 days. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GEVO. Geode Capital Management LLC grew its holdings in shares of Gevo by 104.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock worth $7,424,000 after acquiring an additional 2,873,940 shares during the period. Rhumbline Advisers purchased a new position in shares of Gevo during the 2nd quarter worth approximately $383,000. Two Sigma Investments LP grew its holdings in shares of Gevo by 671.3% during the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company’s stock worth $690,000 after acquiring an additional 287,150 shares during the period. Bank of America Corp DE grew its holdings in shares of Gevo by 160.7% during the 4th quarter. Bank of America Corp DE now owns 360,559 shares of the energy company’s stock worth $754,000 after acquiring an additional 222,237 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Gevo during the 2nd quarter worth approximately $245,000. Hedge funds and other 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.