Gevo (NASDAQ:GEVO – Free Report) 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.
Check Out Our Latest Report on GEVO
Gevo Trading Up 4.0 %
Gevo (NASDAQ:GEVO – Get Free Report) 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.
Featured Articles
- Five stocks we like better than Gevo
- What Are Trending Stocks? Trending Stocks Explained
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What Makes a Stock a Good Dividend Stock?
- MarketBeat Week in Review – 10/21- 10/25
- 3 Tickers Leading a Meme Stock Revival
- Texas Roadhouse Stock Steering for New Highs This Year
Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.