Gevo (NASDAQ:GEVO) PT Lowered to $0.85 at UBS Group

Gevo (NASDAQ:GEVOFree Report) had its target price decreased by UBS Group from $1.36 to $0.85 in a report released on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the energy company’s stock.

Gevo Stock Performance

Shares of GEVO stock opened at $0.63 on Wednesday. Gevo has a one year low of $0.60 and a one year high of $1.86. The company’s fifty day moving average price is $0.79 and its 200-day moving average price is $0.99.

Gevo (NASDAQ:GEVOGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The firm had revenue of $4.37 million for the quarter, compared to the consensus estimate of $4.26 million. Gevo had a negative net margin of 384.97% and a negative return on equity of 11.49%. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Equities research analysts predict that Gevo will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Gevo

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. grew its stake in Gevo by 4.0% during the third quarter. Citigroup Inc. now owns 441,136 shares of the energy company’s stock valued at $525,000 after acquiring an additional 17,043 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of Gevo by 104.1% in the 4th quarter. First Affirmative Financial Network now owns 32,036 shares of the energy company’s stock worth $37,000 after buying an additional 16,343 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Gevo by 4.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 760,597 shares of the energy company’s stock worth $905,000 after buying an additional 35,497 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Gevo by 53.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 445,586 shares of the energy company’s stock worth $530,000 after buying an additional 155,385 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Gevo by 726.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 18,607 shares of the energy company’s stock worth $29,000 after buying an additional 16,355 shares in the last quarter. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Company Profile

(Get 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.

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