HC Wainwright Reiterates Buy Rating for Gevo (NASDAQ:GEVO)

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

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

Gevo Trading Down 4.0 %

GEVO stock opened at $1.43 on Wednesday. The company has a market capitalization of $342.36 million, a PE ratio of -4.21 and a beta of 2.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. Gevo has a one year low of $0.48 and a one year high of $3.39. The company’s 50 day moving average price is $1.88 and its two-hundred day moving average price is $1.08.

Insider Activity

In related news, 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 completion of the sale, the chief executive officer now directly owns 3,757,976 shares in the company, valued at $2,856,061.76. This represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $63,850.64. Following the completion of the sale, the chief operating officer now directly owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. This trade represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 377,474 shares of company stock valued at $367,007. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Gevo by 3.1% during the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after acquiring an additional 409,693 shares in the last quarter. Millennium Management LLC bought a new position in Gevo in the 2nd quarter worth $2,888,000. 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. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo during the 2nd quarter valued at about $295,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Gevo by 128.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock valued at $263,000 after buying an additional 192,457 shares during the period. Hedge funds and other 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.