Gevo (NASDAQ:GEVO) Upgraded to Hold at Wall Street Zen

Gevo (NASDAQ:GEVO) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on GEVO. HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Friday, May 30th. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.58.

Gevo Stock Performance

Shares of NASDAQ:GEVO opened at $1.67 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.29. Gevo has a 12 month low of $0.92 and a 12 month high of $3.39. The company has a market capitalization of $403.87 million, a price-to-earnings ratio of -6.42 and a beta of 2.18. The firm’s 50-day moving average is $1.56 and its 200 day moving average is $1.33.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. The business had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. Research analysts predict that Gevo will post -0.42 EPS for the current year.

Insider Buying and Selling at Gevo

In related news, CEO Patrick R. Gruber sold 116,060 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1.23, for a total transaction of $142,753.80. Following the sale, the chief executive officer owned 3,847,104 shares of the company’s stock, valued at $4,731,937.92. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary W. Mize sold 91,459 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $1.68, for a total transaction of $153,651.12. Following the completion of the transaction, the director owned 388,326 shares of the company’s stock, valued at $652,387.68. This represents a 19.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 681,885 shares of company stock worth $915,584. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GEVO. Geode Capital Management LLC lifted its position in Gevo by 104.5% during the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after acquiring an additional 2,873,940 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Gevo during the 2nd quarter valued at $383,000. Two Sigma Investments LP lifted its holdings in shares of Gevo by 671.3% during the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company’s stock valued at $690,000 after purchasing an additional 287,150 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Gevo by 160.7% in the 4th quarter. Bank of America Corp DE now owns 360,559 shares of the energy company’s stock worth $754,000 after purchasing an additional 222,237 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Gevo during the 2nd quarter worth $245,000. Institutional investors own 35.17% of the company’s stock.

About Gevo

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.