Gevo, Inc. (GEVO) Upgraded to “Sell” by ValuEngine
Gevo, Inc. (NASDAQ:GEVO) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.
Several other equities research analysts have also commented on GEVO. HC Wainwright set a $12.00 price target on shares of Gevo and gave the company a “buy” rating in a research note on Wednesday, July 26th. 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 Tuesday, August 8th. Finally, Rodman & Renshaw restated a “buy” rating and issued a $12.00 price target on shares of Gevo in a research note on Wednesday, August 9th.
Shares of Gevo (GEVO) traded down 3.0615% during midday trading on Friday, reaching $0.6301. The company’s stock had a trading volume of 148,134 shares. The stock has a 50 day moving average of $0.61 and a 200-day moving average of $0.84. Gevo has a 1-year low of $0.53 and a 1-year high of $15.97. The company’s market capitalization is $10.22 million.
Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.44) EPS for the quarter, beating the 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 analyst estimates of $5.63 million. On average, equities research analysts anticipate that Gevo will post ($2.94) earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sabby Management LLC bought a new position in Gevo during the first quarter valued at about $1,274,000. Virtu KCG Holdings LLC boosted its position in Gevo by 557.6% in the second quarter. Virtu KCG Holdings LLC now owns 182,390 shares of the energy company’s stock valued at $126,000 after buying an additional 154,654 shares during the period. Finally, Vanguard Group Inc. boosted its position in Gevo by 22.4% in the second quarter. Vanguard Group Inc. now owns 486,959 shares of the energy company’s stock valued at $336,000 after buying an additional 89,020 shares during the period. Institutional investors and hedge funds own 13.14% of the company’s stock.
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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