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

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

A number of equities research analysts have recently weighed in on the company. Northland Securities reissued an “outperform” rating and set a $3.00 target price on shares of Gevo in a report on Wednesday, December 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research report on Thursday. Finally, HC Wainwright reissued a “buy” rating on shares of Gevo in a report on Wednesday, October 15th.

Gevo Price Performance

Gevo stock opened at $2.19 on Tuesday. The company has a market capitalization of $530.66 million, a price-to-earnings ratio of -10.95 and a beta of 1.21. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. Gevo has a 12 month low of $0.92 and a 12 month high of $2.95. The stock’s 50 day moving average is $2.09 and its 200-day moving average is $1.95.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $26.82 million. Equities research analysts expect that Gevo will post -0.42 EPS for the current year.

Insider Activity

In other Gevo news, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of Gevo stock in a transaction on Friday, December 5th. The stock was 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 $626,527.44. The trade was a 21.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carol Jane Battershell sold 75,597 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $2.02, for a total value of $152,705.94. Following the sale, the director owned 278,265 shares of the company’s stock, valued at approximately $562,095.30. The trade was a 21.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 196,238 shares of company stock worth $426,718. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GEVO. SG Americas Securities LLC lifted its position in Gevo by 232.8% during the fourth quarter. SG Americas Securities LLC now owns 114,292 shares of the energy company’s stock worth $229,000 after purchasing an additional 79,950 shares during the period. CIBC Bancorp USA Inc. bought a new position in Gevo in the 3rd quarter valued at about $48,000. Caitong International Asset Management Co. Ltd raised its position in shares of Gevo by 343.4% in the 3rd 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 bought a new stake in shares of Gevo during the 3rd quarter worth approximately $127,000. Finally, Bank of America Corp DE boosted its position 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 worth $651,000 after acquiring an additional 253,794 shares in the last quarter. Institutional investors and hedge funds 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.