Gevo (GEVO) Cut to Neutral at HC Wainwright

HC Wainwright cut shares of Gevo (NASDAQ:GEVO) from a buy rating to a neutral rating in a report issued on Tuesday, Marketbeat reports. HC Wainwright currently has $12.00 price target on the energy company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Gevo from a hold rating to a buy rating and set a $0.75 price target on the stock in a research note on Friday, January 5th. ValuEngine downgraded shares of Gevo from a sell rating to a strong sell rating in a research report on Thursday, November 9th.

Gevo (NASDAQ:GEVO) remained flat at $$0.61 on Tuesday. 274,655 shares of the company traded hands, compared to its average volume of 777,244. Gevo has a one year low of $0.53 and a one year high of $4.98. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $13.30, a price-to-earnings ratio of -0.35 and a beta of 3.09.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Monday, November 6th. The energy company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.05. Gevo had a negative net margin of 84.42% and a negative return on equity of 40.58%. The company had revenue of $7.70 million for the quarter, compared to the consensus estimate of $5.49 million. analysts expect that Gevo will post -1.69 EPS for the current year.

An institutional investor recently raised its position in Gevo stock. Virtu KCG Holdings LLC increased its holdings in shares of Gevo, Inc. (NASDAQ:GEVO) by 557.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,390 shares of the energy company’s stock after buying an additional 154,654 shares during the period. Virtu KCG Holdings LLC owned about 1.21% of Gevo worth $126,000 at the end of the most recent quarter. 7.07% of the stock is owned by institutional investors.

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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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