Analysts Set Gevo, Inc. (NASDAQ:GEVO) Target Price at $6.42

Gevo, Inc. (NASDAQ:GEVO) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.4167.

A number of brokerages have recently commented on GEVO. HC Wainwright reiterated a “buy” rating on shares of Gevo in a report on Wednesday, October 15th. Wall Street Zen raised shares of Gevo from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Wednesday, October 8th. Northland Capmk raised Gevo to a “strong-buy” rating in a research note on Monday, December 1st. Finally, UBS Group lifted their price objective on Gevo from $1.15 to $2.25 and gave the company a “neutral” rating in a research report on Wednesday, September 17th.

Insider Buying and Selling

In other news, Director Carol Jane Battershell sold 75,597 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $2.02, for a total transaction of $152,705.94. Following the completion of the transaction, the director owned 278,265 shares of the company’s stock, valued at $562,095.30. This represents a 21.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Angelo Amorelli sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $2.50, for a total transaction of $250,000.00. Following the completion of the sale, the director owned 2,942 shares of the company’s stock, valued at approximately $7,355. The trade was a 97.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 396,238 shares of company stock worth $961,418 over the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

Institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Bancorp USA Inc. acquired a new position in Gevo during the third quarter valued at approximately $48,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Gevo by 343.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 21,855 shares of the energy company’s stock valued at $43,000 after buying an additional 16,926 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Gevo in the third quarter valued at about $127,000. Bank of America Corp DE raised its holdings in shares of Gevo by 323.7% during the 3rd quarter. Bank of America Corp DE now owns 332,198 shares of the energy company’s stock valued at $651,000 after buying an additional 253,794 shares during the period. Finally, Squarepoint Ops LLC lifted its position in Gevo by 133.9% during the 3rd quarter. Squarepoint Ops LLC now owns 25,804 shares of the energy company’s stock worth $51,000 after acquiring an additional 14,773 shares in the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

Gevo Trading Down 4.2%

Shares of GEVO opened at $2.07 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.60. Gevo has a 1-year low of $0.92 and a 1-year high of $2.98. The stock has a market cap of $501.58 million, a price-to-earnings ratio of -10.35 and a beta of 1.44. The firm has a 50 day simple moving average of $2.18 and a 200-day simple moving average of $1.86.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%.The business had revenue of $42.71 million for the quarter, compared to analyst estimates of $26.82 million. Equities analysts forecast that Gevo will post -0.42 EPS for the current fiscal year.

About Gevo

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.