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

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

Gevo Trading Up 27.2 %

Shares of NASDAQ:GEVO opened at $1.17 on Friday. The stock has a market cap of $276.39 million, a PE ratio of -4.03 and a beta of 2.94. 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 $1.43. The business has a 50 day moving average of $0.68 and a 200-day moving average of $0.68.

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

Insiders Place Their Bets

In other Gevo news, CFO L Lynn Smull sold 69,738 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $53,000.88. Following the transaction, the chief financial officer now owns 1,169,602 shares in the company, valued at approximately $888,897.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the transaction, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO L Lynn Smull sold 69,738 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $53,000.88. Following the sale, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. The disclosure for this sale can be found here. Insiders sold 759,600 shares of company stock worth $486,431 in the last quarter. 4.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in GEVO. Bayesian Capital Management LP bought a new position in Gevo in the first quarter valued at approximately $27,000. FinTrust Capital Advisors LLC bought a new position in shares of Gevo in the 1st quarter valued at $38,000. Point72 DIFC Ltd acquired a new position in shares of Gevo during the 2nd quarter worth $64,000. XTX Topco Ltd lifted its position in shares of Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after buying an additional 51,057 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Gevo in the first quarter valued at about $74,000. 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.