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

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently 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 target price on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Trading Up 3.1 %

Shares of NASDAQ GEVO opened at $1.64 on Wednesday. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39. The company has a market cap of $392.63 million, a PE ratio of -4.82 and a beta of 2.94. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $1.83 and a two-hundred day moving average of $1.07.

Insider Transactions at Gevo

In other news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares in the company, valued at $787,859.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO L Lynn Smull sold 69,738 shares of Gevo 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 completion of the sale, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 377,474 shares of company stock worth $367,007 in the last quarter. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Lauterbach Financial Advisors LLC acquired a new position in Gevo during the third quarter valued at approximately $29,000. Bayesian Capital Management LP acquired a new position in Gevo during the first quarter valued at approximately $27,000. XTX Topco Ltd grew its holdings in Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after purchasing an additional 51,057 shares during the period. BNP Paribas Financial Markets grew its holdings in Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares during the period. Finally, Financial Advocates Investment Management acquired a new position in Gevo during the third quarter valued at approximately $114,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

About Gevo

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.