Centerpoint Advisory Group Purchases New Position in Gevo, Inc. (NASDAQ:GEVO)

Centerpoint Advisory Group purchased a new stake in Gevo, Inc. (NASDAQ:GEVO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,000 shares of the energy company’s stock, valued at approximately $75,000.

Other large investors have also recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC bought a new stake in Gevo during the 4th quarter worth approximately $34,000. Lauterbach Financial Advisors LLC acquired a new stake in shares of Gevo in the third quarter valued at $29,000. Financial Advocates Investment Management raised its holdings in shares of Gevo by 28.5% in the fourth quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock valued at $188,000 after buying an additional 19,980 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Gevo during the 4th quarter worth about $59,000. Finally, Ballentine Partners LLC bought a new stake in Gevo during the 4th quarter worth about $54,000. 35.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Tuesday, February 4th.

Gevo Stock Performance

Shares of NASDAQ:GEVO opened at $1.74 on Friday. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $3.39. The stock has a market capitalization of $416.57 million, a P/E ratio of -5.12 and a beta of 2.73. The business has a 50-day moving average price of $1.90 and a two-hundred day moving average price of $1.62.

Gevo 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.