Gevo, Inc. (NASDAQ:GEVO)‘s stock had its “buy” rating reiterated by analysts at Rodman & Renshaw in a report issued on Wednesday. They currently have a $12.00 price target on the energy company’s stock.

Several other equities analysts have also recently weighed in on GEVO. HC Wainwright set a $12.00 price target on Gevo and gave the company a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded Gevo from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a report on Tuesday.

Shares of Gevo (NASDAQ GEVO) traded down 6.129% during mid-day trading on Wednesday, reaching $0.582. The company’s stock had a trading volume of 422,440 shares. Gevo has a 12-month low of $0.53 and a 12-month high of $16.20. The company’s 50-day moving average price is $0.63 and its 200-day moving average price is $1.19. The stock’s market capitalization is $8.76 million.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.10. The business 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 35.92% and a negative net margin of 108.86%. On average, equities research analysts forecast that Gevo will post ($3.00) earnings per share for the current fiscal year.

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A hedge fund recently bought a new stake in Gevo stock. Sabby Management LLC bought a new position in Gevo, Inc. (NASDAQ:GEVO) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 1,148,755 shares of the energy company’s stock, valued at approximately $1,274,000. Sabby Management LLC owned 16.26% of Gevo at the end of the most recent quarter. Institutional investors own 15.86% of the company’s stock.

About Gevo

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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