HC Wainwright Reaffirms “Buy” Rating for Gevo, Inc. (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research report issued to clients and investors on Wednesday, October 4th. They presently have a $12.00 price target on the energy company’s stock.

A number of other brokerages have also recently issued reports on GEVO. ValuEngine cut shares of Gevo from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research note 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 (GEVO) traded up 0.298% during midday trading on Wednesday, reaching $0.673. The company had a trading volume of 177,827 shares. The stock’s market cap is $10.91 million. The firm has a 50-day moving average of $0.64 and a 200-day moving average of $0.74. Gevo has a 12 month low of $0.53 and a 12 month high of $9.40.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.10. Gevo had a negative net margin of 108.84% and a negative return on equity of 43.79%. The company had revenue of $7.54 million for the quarter, compared to the consensus estimate of $5.63 million. On average, equities analysts expect that Gevo will post ($2.00) EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “HC Wainwright Reaffirms “Buy” Rating for Gevo, Inc. (NASDAQ:GEVO)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/hc-wainwright-reaffirms-buy-rating-for-gevo-inc-gevo.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of GEVO. Virtu KCG Holdings LLC increased its position in Gevo by 557.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 182,390 shares of the energy company’s stock valued at $126,000 after purchasing an additional 154,654 shares during the period. Vanguard Group Inc. grew its position in shares of 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

A number of other brokerages have also recently issued reports on GEVO. ValuEngine cut shares of Gevo from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research note 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 (GEVO) traded up 0.298% during midday trading on Wednesday, reaching $0.673. The company had a trading volume of 177,827 shares. The stock’s market cap is $10.91 million. The firm has a 50-day moving average of $0.64 and a 200-day moving average of $0.74. Gevo has a 12 month low of $0.53 and a 12 month high of $9.40.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.10. Gevo had a negative net margin of 108.84% and a negative return on equity of 43.79%. The company had revenue of $7.54 million for the quarter, compared to the consensus estimate of $5.63 million. On average, equities analysts expect that Gevo will post ($2.00) EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “HC Wainwright Reaffirms “Buy” Rating for Gevo, Inc. (NASDAQ:GEVO)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/hc-wainwright-reaffirms-buy-rating-for-gevo-inc-gevo.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of GEVO. Virtu KCG Holdings LLC increased its position in Gevo by 557.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 182,390 shares of the energy company’s stock valued at $126,000 after purchasing an additional 154,654 shares during the period. Vanguard Group Inc. grew its position in shares of 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, Sabby Management LLC purchased a new position in shares of Gevo in the 1st quarter worth approximately $1,274,000. 13.14% of the stock is currently owned by institutional investors and hedge funds.

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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