Gevo (NASDAQ:GEVO) PT Raised to $3.25

Gevo (NASDAQ:GEVO) had its target price boosted by investment analysts at UBS Group from $0.85 to $3.25 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the energy company’s stock. UBS Group’s price target indicates a potential upside of 11.68% from the company’s previous close.

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 Down 3.3 %

Shares of GEVO opened at $2.91 on Tuesday. Gevo has a twelve month low of $0.48 and a twelve month high of $3.39. The firm has a market capitalization of $687.44 million, a P/E ratio of -10.03 and a beta of 2.98. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $1.42 and its 200 day simple moving average is $0.91.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period in the prior year, the firm posted ($0.06) earnings per share. On average, equities research analysts forecast that Gevo will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the sale, the chief executive officer now owns 3,922,404 shares in the company, valued at approximately $2,000,426.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the transaction, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at approximately $2,000,426.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 775,600 shares of company stock worth $535,391 over the last quarter. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

Large investors have recently modified their holdings of the business. Bayesian Capital Management LP acquired a new position in shares of Gevo in the first quarter worth about $27,000. FinTrust Capital Advisors LLC purchased a new stake in Gevo during the 1st quarter worth approximately $38,000. XTX Topco Ltd raised its position in shares of Gevo by 61.8% in the 2nd 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 in the last quarter. BNP Paribas Financial Markets raised its position in shares of Gevo by 79.5% in the 1st 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 in the last quarter. Finally, Alternative Investment Advisors LLC. purchased a new position in shares of Gevo during the 2nd quarter valued at approximately $51,000. 35.17% of the stock is currently 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.