UBS Group Lowers Gevo (NASDAQ:GEVO) Price Target to $1.15

Gevo (NASDAQ:GEVO) had its price objective trimmed by UBS Group from $3.25 to $1.15 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the energy company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday, March 28th.

Gevo Stock Performance

Gevo stock opened at $1.03 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The firm’s fifty day moving average price is $1.47 and its 200 day moving average price is $1.75. The company has a market capitalization of $246.80 million, a price-to-earnings ratio of -3.03 and a beta of 2.62. Gevo has a 12-month low of $0.48 and a 12-month high of $3.39.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $4.15 million for the quarter, compared to analysts’ expectations of $3.85 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. On average, research analysts forecast that Gevo will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Gevo

Institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. increased its holdings in Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Gevo in the 4th quarter worth approximately $59,000. Signal Advisors Wealth LLC bought a new stake in shares of Gevo in the 4th quarter valued at approximately $34,000. Ballentine Partners LLC acquired a new stake in shares of Gevo during the 4th quarter valued at approximately $54,000. Finally, Janney Montgomery Scott LLC lifted its stake in Gevo by 166.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after purchasing an additional 28,000 shares during the last quarter. Institutional investors and hedge funds 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.