Gevo (NASDAQ:GEVO) PT Raised to $3.25

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

Separately, HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Friday, October 18th.

Gevo Trading Up 4.0 %

NASDAQ:GEVO opened at $2.96 on Tuesday. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $699.25 million, a price-to-earnings ratio of -10.21 and a beta of 2.98. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39. The firm has a 50 day moving average of $1.51 and a 200 day moving average of $0.94.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting 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 net margin of 407.97% and a negative return on equity of 13.50%. During the same period in the previous year, the firm posted ($0.06) earnings per share. As a group, sell-side analysts anticipate that Gevo will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $63,850.64. Following the transaction, the chief operating officer now directly owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the sale, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 775,600 shares of company stock valued at $535,391. 4.00% of the stock is owned by company insiders.

Institutional Trading of Gevo

A number of institutional investors have recently made changes to their positions in the company. Bayesian Capital Management LP acquired a new position in Gevo in the 1st quarter valued at $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo in the first quarter valued at about $38,000. Alternative Investment Advisors LLC. purchased a new position in shares of Gevo in the second quarter worth about $51,000. Point72 DIFC Ltd acquired a new position in Gevo during the second quarter worth about $64,000. Finally, Paloma Partners Management Co purchased a new stake in Gevo during the 1st quarter valued at about $74,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.