Gevo (NASDAQ:GEVO) Upgraded to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Gevo (NASDAQ:GEVO) to a hold rating in a research report sent to investors on Tuesday morning,Zacks reports.

GEVO has been the subject of a number of other research reports. Northland Securities set a $3.75 target price on Gevo in a report on Thursday, July 16th. Wall Street Zen lowered Gevo from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings cut Gevo from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 16th. Finally, Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.55.

Gevo Stock Performance

NASDAQ GEVO opened at $1.33 on Tuesday. The firm’s fifty day moving average price is $1.57 and its two-hundred day moving average price is $1.73. The stock has a market cap of $328.83 million, a PE ratio of -1.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.19 and a current ratio of 2.70. Gevo has a fifty-two week low of $1.31 and a fifty-two week high of $2.97.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%.The company had revenue of $46.50 million during the quarter, compared to analysts’ expectations of $46.40 million. On average, equities analysts expect that Gevo will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling at Gevo

In related news, Director Patrick Gruber sold 247,642 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.51, for a total value of $373,939.42. Following the sale, the director owned 3,323,788 shares of the company’s stock, valued at $5,018,919.88. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul Bloom sold 31,096 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.55, for a total value of $48,198.80. Following the completion of the sale, the chief executive officer owned 1,452,303 shares of the company’s stock, valued at $2,251,069.65. The trade was a 2.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 313,286 shares of company stock worth $476,443. Company insiders own 7.09% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Gevo during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in Gevo by 69.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 36,961 shares of the energy company’s stock valued at $74,000 after buying an additional 15,106 shares during the period. Sigma Planning Corp acquired a new position in Gevo in the first quarter valued at $46,000. Baader Bank Aktiengesellschaft acquired a new position in Gevo in the first quarter valued at $49,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Gevo during the first quarter valued at $51,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

About Gevo

Gevo, Inc is a renewable fuels and chemicals company that develops alternatives to petroleum-based products. Its technology platform is designed to convert renewable carbohydrate feedstocks into alcohols and hydrocarbon-based fuels and chemicals, including sustainable aviation fuel, renewable gasoline and other low-carbon products.

The company also produces ethanol, animal feed and corn oil through its Gevo North Dakota operations. Gevo has pursued technologies and projects intended to reduce the lifecycle carbon intensity of its products, including the use of renewable energy, carbon capture and sequestration, and renewable natural gas.