Gevo (NASDAQ:GEVO) Given Buy Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Gevo (NASDAQ:GEVO - Free Report) in a research report released on Friday,Benzinga reports. They currently have a $14.00 price target on the energy company's stock.

Separately, UBS Group lowered their price target on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd.

Gevo Price Performance

NASDAQ GEVO traded up $0.04 during trading hours on Friday, reaching $1.20. The company's stock had a trading volume of 1,237,905 shares, compared to its average volume of 5,385,483. The firm's 50-day moving average price is $1.14 and its 200-day moving average price is $1.49. 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 has a 1 year low of $0.48 and a 1 year high of $3.39. The company has a market capitalization of $287.48 million, a price-to-earnings ratio of -3.53 and a beta of 2.53.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The company had revenue of $29.11 million for the quarter, compared to analysts' expectations of $22.19 million. On average, equities research analysts predict that Gevo will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul D. Bloom sold 87,466 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $111,956.48. Following the sale, the insider now directly owns 860,416 shares of the company's stock, valued at $1,101,332.48. This represents a 9.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP L Lynn Smull sold 60,331 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $77,223.68. Following the sale, the executive vice president now directly owns 1,109,271 shares in the company, valued at $1,419,866.88. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 450,460 shares of company stock valued at $575,589. Corporate insiders own 6.80% of the company's stock.

Institutional Trading of Gevo

Several hedge funds have recently modified their holdings of GEVO. Raymond James Financial Inc. purchased a new stake in shares of Gevo during the 4th quarter worth approximately $27,000. IHT Wealth Management LLC purchased a new stake in shares of Gevo during the 4th quarter worth approximately $29,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Gevo during the 1st quarter worth approximately $36,000. Deutsche Bank AG raised its holdings in shares of Gevo by 5,808.4% during the 1st quarter. Deutsche Bank AG now owns 40,709 shares of the energy company's stock worth $47,000 after acquiring an additional 40,020 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Gevo during the 4th quarter worth approximately $49,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.