Gevo (NASDAQ:GEVO) Rating Reiterated by HC Wainwright

HC Wainwright reissued their buy rating on shares of Gevo (NASDAQ:GEVO) in a research report sent to investors on Friday, Benzinga reports. They currently have a $14.00 price target on the energy company’s stock.

Gevo Stock Performance

Shares of NASDAQ GEVO opened at $1.17 on Friday. The firm has a 50 day moving average of $0.68 and a 200 day moving average of $0.68. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $276.39 million, a price-to-earnings ratio of -4.03 and a beta of 2.94. Gevo has a 12-month low of $0.48 and a 12-month high of $1.43.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same period in the prior year, the business posted ($0.06) earnings per share. On average, research analysts anticipate that Gevo will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO L Lynn Smull sold 69,738 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the transaction, the chief financial officer now owns 1,169,602 shares of the company’s stock, valued at $888,897.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO L Lynn Smull sold 69,738 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the transaction, the chief financial officer now owns 1,169,602 shares of the company’s stock, valued at $888,897.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick R. Gruber sold 164,428 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the sale, the chief executive officer now directly owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. The disclosure for this sale can be found here. Insiders sold a total of 759,600 shares of company stock worth $486,431 over the last three months. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gevo

Several hedge funds and other institutional investors have recently made changes to their positions in GEVO. Bayesian Capital Management LP purchased a new stake in shares of Gevo in the first quarter valued at $27,000. FinTrust Capital Advisors LLC bought a new position in Gevo during the 1st quarter worth about $38,000. Point72 DIFC Ltd bought a new position in Gevo during the 2nd quarter worth about $64,000. XTX Topco Ltd grew its holdings in Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Gevo during the 1st quarter worth about $74,000. 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.