Geode Capital Management LLC grew its stake in Gevo, Inc. (NASDAQ:GEVO - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,690,430 shares of the energy company's stock after purchasing an additional 234,727 shares during the quarter. Geode Capital Management LLC owned about 1.12% of Gevo worth $5,626,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Gevo in the fourth quarter valued at about $27,000. Signal Advisors Wealth LLC bought a new position in Gevo during the 4th quarter worth approximately $34,000. Commonwealth Equity Services LLC acquired a new position in Gevo during the fourth quarter valued at approximately $49,000. Ballentine Partners LLC bought a new stake in Gevo in the fourth quarter valued at approximately $54,000. Finally, International Assets Investment Management LLC acquired a new stake in Gevo in the fourth quarter worth $59,000. 35.17% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
GEVO has been the subject of several research analyst reports. HC Wainwright reissued a "buy" rating and issued a $14.00 price target on shares of Gevo in a report on Friday, March 28th. UBS Group dropped their price target on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd.
Read Our Latest Stock Report on GEVO
Gevo Stock Up 2.3 %
Shares of GEVO stock traded up $0.03 during trading on Thursday, reaching $1.13. The company's stock had a trading volume of 362,879 shares, compared to its average volume of 5,373,724. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The business has a fifty day moving average price of $1.21 and a 200-day moving average price of $1.68. The company has a market cap of $269.56 million, a price-to-earnings ratio of -3.31 and a beta of 2.62. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.
Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The firm had revenue of $4.15 million for the quarter, compared to analysts' expectations of $3.85 million. Analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.
About Gevo
(
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.
See Also
Before you consider Gevo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gevo wasn't on the list.
While Gevo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
