Gevo (NASDAQ:GEVO) Stock Rating Reaffirmed by HC Wainwright

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

Separately, UBS Group decreased their target price on shares of Gevo from $1.36 to $0.85 and set a “neutral” rating for the company in a research report on Wednesday, April 10th.

Gevo Stock Performance

Gevo stock opened at $0.66 on Friday. The company has a 50-day simple moving average of $0.72 and a 200-day simple moving average of $0.94. Gevo has a one year low of $0.57 and a one year high of $1.86.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, March 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $4.37 million during the quarter, compared to the consensus estimate of $4.26 million. Gevo had a negative net margin of 393.88% and a negative return on equity of 11.82%. During the same quarter in the prior year, the company earned ($0.11) EPS. On average, research analysts predict that Gevo will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gevo

Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. lifted its holdings in Gevo by 4.0% in the 3rd quarter. Citigroup Inc. now owns 441,136 shares of the energy company’s stock valued at $525,000 after acquiring an additional 17,043 shares during the last quarter. First Affirmative Financial Network lifted its holdings in Gevo by 104.1% in the 4th quarter. First Affirmative Financial Network now owns 32,036 shares of the energy company’s stock valued at $37,000 after acquiring an additional 16,343 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Gevo in the 4th quarter valued at about $151,000. Rafferty Asset Management LLC lifted its holdings in Gevo by 4.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 760,597 shares of the energy company’s stock valued at $905,000 after acquiring an additional 35,497 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Gevo by 53.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 445,586 shares of the energy company’s stock valued at $530,000 after buying an additional 155,385 shares in the last quarter. 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.