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

Gevo, Inc. (NASDAQ:GEVO) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. One investment 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 target price among analysts that have updated their coverage on the stock in the last year is $6.4167.

Several equities research analysts recently commented on the company. Northland Securities reaffirmed an “outperform” rating and issued a $3.00 price target on shares of Gevo in a report on Wednesday, December 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Gevo from a “hold” rating to a “sell” rating in a research note on Saturday.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently bought and sold shares of GEVO. Key Client Fiduciary Advisors LLC purchased a new stake in shares of Gevo in the 4th quarter valued at approximately $25,000. Berger Financial Group Inc purchased a new stake in shares of Gevo during the 4th quarter valued at approximately $26,000. BNP Paribas Financial Markets lifted its holdings in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after acquiring an additional 12,136 shares during the last quarter. Franklin Resources Inc. purchased a new position in Gevo in the fourth quarter worth approximately $28,000. Finally, Legal & General Group Plc purchased a new position in Gevo in the second quarter worth approximately $28,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Price Performance

Shares of NASDAQ GEVO opened at $2.30 on Wednesday. The firm has a 50-day simple moving average of $1.96 and a 200-day simple moving average of $2.04. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $558.49 million, a price-to-earnings ratio of -17.69 and a beta of 1.51. Gevo has a 52 week low of $0.92 and a 52 week high of $2.95.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, March 5th. The energy company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $45.35 million for the quarter, compared to analyst estimates of $43.52 million. Gevo had a negative net margin of 21.07% and a negative return on equity of 7.20%. On average, equities analysts predict that Gevo will post -0.42 earnings per share for the current fiscal year.

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.