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

HC Wainwright restated their buy rating on shares of Gevo (NASDAQ:GEVO) in a report released on Wednesday,Benzinga reports. HC Wainwright currently has 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 upped their target price on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Performance

Shares of Gevo stock opened at $1.43 on Wednesday. The firm has a market cap of $342.36 million, a PE ratio of -4.21 and a beta of 2.94. The firm’s 50-day simple moving average is $1.88 and its 200-day simple moving average is $1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39.

Insider Buying and Selling

In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of the company’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 $124,965.28. Following the completion of the transaction, the chief executive officer now owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO L Lynn Smull sold 69,738 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $53,000.88. Following the completion of the transaction, the chief financial officer now owns 1,169,602 shares of the company’s stock, valued at approximately $888,897.52. This trade represents a 5.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 377,474 shares of company stock worth $367,007 over the last quarter. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.