Gevo, Inc. (GEVO) Receives Buy Rating from HC Wainwright

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.

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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.

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