Gevo, Inc. (NASDAQ:GEVO)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research report issued on Wednesday, October 4th. They presently have a $12.00 price objective on the energy company’s stock.
A number of other analysts have also recently commented on the company. ValuEngine cut Gevo from a “sell” rating to a “strong sell” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Gevo from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Friday, September 29th. Finally, Rodman & Renshaw reiterated a “buy” rating and set a $12.00 price objective on shares of Gevo in a research report on Wednesday, August 9th.
Gevo (NASDAQ:GEVO) traded down 3.9712% during trading on Wednesday, reaching $0.6674. 320,935 shares of the company’s stock traded hands. Gevo has a one year low of $0.53 and a one year high of $9.40. The firm’s market capitalization is $10.82 million. The company has a 50-day moving average price of $0.64 and a 200 day moving average price of $0.74.
Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.10. The firm had revenue of $7.54 million during the quarter, compared to analysts’ expectations of $5.63 million. Gevo had a negative return on equity of 43.79% and a negative net margin of 108.84%. On average, analysts anticipate that Gevo will post ($2.00) earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Gevo, Inc. (GEVO) Receives Buy Rating from HC Wainwright” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://stocknewstimes.com/2017/10/16/gevos-gevo-buy-rating-reiterated-at-hc-wainwright.html.
A number of large investors have recently modified their holdings of GEVO. Sabby Management LLC acquired a new stake in Gevo in the 1st quarter worth about $1,274,000. Vanguard Group Inc. boosted its stake in Gevo by 22.4% in the 2nd quarter. Vanguard Group Inc. now owns 486,959 shares of the energy company’s stock worth $336,000 after buying an additional 89,020 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in Gevo by 557.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 182,390 shares of the energy company’s stock worth $126,000 after buying an additional 154,654 shares during the last quarter. 13.14% of the stock is currently owned by hedge funds and other institutional investors.
Gevo Company Profile
Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.
Receive News & Ratings for Gevo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.