Gevo’s (GEVO) “Buy” Rating Reiterated at HC Wainwright

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They presently have a $14.00 price objective on the energy company’s stock.

Gevo Price Performance

Shares of Gevo stock opened at $1.26 on Friday. The company’s fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $1.75. Gevo has a 12-month low of $0.48 and a 12-month high of $3.39. The firm has a market cap of $301.65 million, a PE ratio of -3.71 and a beta of 2.72. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The company had revenue of $4.15 million for the quarter, compared to analysts’ expectations of $3.85 million. As a group, equities analysts expect that Gevo will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Gevo

Hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company’s stock valued at $8,966,000 after acquiring an additional 3,497,007 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Gevo by 54.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Gevo during the 4th quarter valued at about $904,000. Marshall Wace LLP bought a new stake in shares of Gevo during the 4th quarter valued at about $812,000. Finally, Two Sigma Investments LP increased its position in shares of Gevo by 671.3% during the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company’s stock valued at $690,000 after buying an additional 287,150 shares during the period. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.