Gevo (NASDAQ:GEVO) Price Target Raised to $3.25 at UBS Group

Gevo (NASDAQ:GEVO) had its price target increased by UBS Group from $0.85 to $3.25 in a report published on Tuesday, Benzinga reports. UBS Group currently has a neutral rating on the energy company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Friday, October 18th.

Gevo Trading Down 8.5 %

Shares of GEVO stock opened at $3.01 on Tuesday. The company has a 50 day moving average of $1.37 and a 200-day moving average of $0.90. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. Gevo has a 12-month low of $0.48 and a 12-month high of $3.39. The firm has a market cap of $711.06 million, a P/E ratio of -10.38 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The business had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same period in the previous year, the business earned ($0.06) EPS. Sell-side analysts anticipate that Gevo will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Gevo

In other Gevo news, CEO Patrick R. Gruber sold 108,966 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total value of $64,289.94. Following the completion of the transaction, the chief executive officer now directly owns 4,049,680 shares of the company’s stock, valued at $2,389,311.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Gevo news, CEO Patrick R. Gruber sold 108,966 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total value of $64,289.94. Following the completion of the transaction, the chief executive officer now directly owns 4,049,680 shares of the company’s stock, valued at $2,389,311.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick R. Gruber sold 127,276 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the completion of the transaction, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at approximately $2,000,426.04. 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 775,600 shares of company stock valued at $535,391 in the last three months. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

Hedge funds have recently made changes to their positions in the stock. Bayesian Capital Management LP bought a new stake in shares of Gevo during the 1st quarter worth $27,000. FinTrust Capital Advisors LLC bought a new stake in shares of Gevo during the 1st quarter worth $38,000. Alternative Investment Advisors LLC. bought a new stake in shares of Gevo during the 2nd quarter worth $51,000. Paloma Partners Management Co bought a new stake in shares of Gevo during the 1st quarter worth $74,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Gevo during the 2nd quarter worth $64,000. 35.17% of the stock is owned by institutional investors.

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.