Gevo, Inc. (NASDAQ:GEVO) Receives Average Rating of “Hold” from Brokerages

Shares of Gevo, Inc. (NASDAQ:GEVO) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.8750.

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. UBS Group reaffirmed a “neutral” rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. Northland Securities set a $3.75 price objective on shares of Gevo in a report on Thursday. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st.

Gevo Trading Up 2.5%

Shares of GEVO stock opened at $1.63 on Tuesday. Gevo has a fifty-two week low of $1.12 and a fifty-two week high of $2.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.51 and a current ratio of 4.31. The stock has a 50 day simple moving average of $1.58 and a two-hundred day simple moving average of $1.88. The company has a market cap of $396.76 million, a P/E ratio of -12.54 and a beta of 1.02.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $42.95 million for the quarter, compared to the consensus estimate of $44.90 million. Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%. Research analysts forecast that Gevo will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Gevo

In other news, Director Patrick R. Gruber sold 186,469 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1.76, for a total transaction of $328,185.44. Following the transaction, the director directly owned 3,728,993 shares of the company’s stock, valued at $6,563,027.68. This represents a 4.76% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Paul D. Bloom sold 75,735 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1.76, for a total value of $133,293.60. Following the completion of the transaction, the chief executive officer owned 1,518,588 shares in the company, valued at approximately $2,672,714.88. This represents a 4.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 765,362 shares of company stock worth $1,236,411 in the last quarter. Company insiders own 7.09% of the company’s stock.

Institutional Trading of Gevo

A number of hedge funds and other institutional investors have recently bought and sold shares of GEVO. Key Client Fiduciary Advisors LLC bought a new position in shares of Gevo in the fourth quarter valued at $25,000. Berger Financial Group Inc bought a new stake in shares of Gevo during the fourth quarter worth about $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Gevo in the 1st quarter worth about $28,000. BNP Paribas Financial Markets raised its holdings in shares of Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after acquiring an additional 12,136 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in Gevo in the 4th quarter valued at about $28,000. Institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.