HC Wainwright reissued their buy rating on shares of Gevo (NASDAQ:GEVO - Free Report) in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a $14.00 price target on the energy company's stock.
Separately, UBS Group dropped their target price on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd.
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Gevo Stock Performance
Shares of GEVO stock traded down $0.04 on Friday, reaching $1.27. The stock had a trading volume of 6,548,754 shares, compared to its average volume of 5,407,262. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average is $1.14 and its two-hundred day moving average is $1.49. The firm has a market capitalization of $304.25 million, a price-to-earnings ratio of -3.74 and a beta of 2.51. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39.
Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The company had revenue of $29.11 million for the quarter, compared to analysts' expectations of $22.19 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. On average, research analysts expect that Gevo will post -0.42 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of GEVO. Raymond James Financial Inc. acquired a new position in Gevo in the 4th quarter valued at about $27,000. IHT Wealth Management LLC acquired a new position in Gevo in the 4th quarter valued at about $29,000. Y Intercept Hong Kong Ltd acquired a new position in Gevo in the 1st quarter valued at about $36,000. Deutsche Bank AG grew its stake in Gevo by 5,808.4% in the 1st quarter. Deutsche Bank AG now owns 40,709 shares of the energy company's stock valued at $47,000 after buying an additional 40,020 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in Gevo in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 35.17% of the company's stock.
About Gevo
(
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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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