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

Shares of Gevo, Inc. (NASDAQ:GEVO) have received an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.4167.

GEVO has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a report on Thursday, January 22nd. Northland Securities reaffirmed an “outperform” rating and issued a $3.00 target price on shares of Gevo in a research report on Wednesday, December 31st.

Insider Buying and Selling at Gevo

In related news, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $2.31, for a total value of $169,286.04. Following the completion of the transaction, the chief financial officer directly owned 271,224 shares of the company’s stock, valued at approximately $626,527.44. This trade represents a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 90,844 shares of company stock valued at $206,075. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gevo

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Gevo by 3.0% during the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock worth $30,350,000 after purchasing an additional 455,543 shares during the period. State Street Corp boosted its stake in Gevo by 12.6% in the 4th quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock valued at $16,849,000 after purchasing an additional 944,287 shares during the period. Geode Capital Management LLC grew its holdings in Gevo by 104.5% in the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after buying an additional 2,873,940 shares in the last quarter. Invesco Ltd. boosted its holdings in Gevo by 6.3% in the 3rd quarter. Invesco Ltd. now owns 4,159,485 shares of the energy company’s stock valued at $8,153,000 after purchasing an additional 244,983 shares during the period. Finally, Nuveen LLC grew its position in shares of Gevo by 107.7% during the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after purchasing an additional 2,146,019 shares in the last quarter. Institutional investors own 35.17% of the company’s stock.

Gevo Stock Up 5.7%

NASDAQ:GEVO opened at $1.86 on Friday. The stock has a market cap of $450.70 million, a price-to-earnings ratio of -9.30 and a beta of 1.49. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $2.04 and a two-hundred day moving average price of $1.99. Gevo has a 1 year low of $0.92 and a 1 year high of $2.95.

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.