Gevo’s (GEVO) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Gevo (NASDAQ:GEVO) in a research note issued to investors on Monday morning, Benzinga reports. HC Wainwright currently has a $14.00 target price on the energy company’s stock. HC Wainwright also issued estimates for Gevo’s Q3 2024 earnings at ($0.10) EPS, FY2026 earnings at ($0.18) EPS and FY2028 earnings at $1.34 EPS.

Gevo Stock Performance

Gevo stock opened at $0.63 on Monday. The business has a 50 day moving average of $0.60 and a 200-day moving average of $0.70. The company has a market capitalization of $149.77 million, a P/E ratio of -2.19 and a beta of 2.90. Gevo has a 1 year low of $0.48 and a 1 year high of $1.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.80 and a quick ratio of 12.62.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The firm had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative net margin of 393.88% and a negative return on equity of 11.97%. During the same period in the prior year, the company posted ($0.06) EPS. On average, equities research analysts predict 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 of the company’s stock, valued at $2,000,426.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Patrick R. Gruber sold 127,276 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the sale, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at approximately $2,000,426.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick R. Gruber sold 108,966 shares of Gevo stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total transaction of $64,289.94. Following the transaction, the chief executive officer now directly owns 4,049,680 shares of the company’s stock, valued at approximately $2,389,311.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 425,037 shares of company stock valued at $232,163. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bayesian Capital Management LP bought a new stake in Gevo in the first quarter worth approximately $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo during the 1st quarter worth approximately $38,000. Tower Research Capital LLC TRC increased its stake in shares of Gevo by 136.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company’s stock valued at $57,000 after acquiring an additional 28,323 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Gevo during the 2nd quarter valued at $64,000. Finally, Paloma Partners Management Co bought a new position in Gevo during the first quarter worth $74,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.