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

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a report issued 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 boosted their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Stock Performance

Shares of GEVO stock opened at $1.64 on Wednesday. The company’s fifty day simple moving average is $1.83 and its 200-day simple moving average is $1.07. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The firm has a market cap of $392.63 million, a PE ratio of -4.82 and a beta of 2.94. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39.

Insiders Place Their Bets

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the sale, the insider now directly 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 legal filing with the SEC, which is available through this hyperlink. In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the sale, the insider now directly 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 legal filing with the SEC, which is available through this hyperlink. Also, COO Christopher Michael Ryan sold 84,014 shares of the company’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 sale, the chief operating officer now directly owns 1,573,934 shares in the company, valued at $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 377,474 shares of company stock valued at $367,007. 4.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gevo

Several large investors have recently modified their holdings of GEVO. Bayesian Capital Management LP bought a new position in shares of Gevo in the first quarter valued at about $27,000. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo in the third quarter valued at about $29,000. Alternative Investment Advisors LLC. bought a new position in shares of Gevo in the second quarter valued at about $51,000. Point72 DIFC Ltd bought a new position in shares of Gevo in the second quarter valued at about $64,000. Finally, Paloma Partners Management Co bought a new position in shares of Gevo in the first quarter valued at about $74,000. 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.