Gevo’s (GEVO) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Gevo (NASDAQ:GEVO) in a research report report published on Wednesday,Benzinga reports. HC Wainwright currently has a $14.00 price objective on the energy company’s stock. HC Wainwright also issued estimates for Gevo’s FY2027 earnings at $0.40 EPS.

Separately, UBS Group lifted their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Performance

GEVO stock traded up $0.08 during trading hours on Wednesday, reaching $1.50. The stock had a trading volume of 1,372,080 shares, compared to its average volume of 5,936,210. The stock has a market capitalization of $359.09 million, a PE ratio of -4.18 and a beta of 2.94. The stock has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $1.07. Gevo has a fifty-two week low of $0.48 and a fifty-two week high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Insiders Place Their Bets

In other news, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the transaction, the insider now owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now directly owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 377,474 shares of company stock valued at $367,007 over the last ninety days. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gevo

A number of institutional investors have recently modified their holdings of GEVO. Lauterbach Financial Advisors LLC acquired a new stake in Gevo in the 3rd quarter worth about $29,000. Financial Advocates Investment Management acquired a new stake in shares of Gevo in the third quarter valued at approximately $114,000. Alternative Investment Advisors LLC. bought a new stake in shares of Gevo in the second quarter valued at approximately $51,000. Point72 DIFC Ltd bought a new stake in shares of Gevo in the second quarter valued at approximately $64,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gevo during the second quarter worth approximately $112,000. Institutional investors own 35.17% of the company’s stock.

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.