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

Gevo, Inc. (NASDAQ:GEVO) has received a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2.55.

Several brokerages have weighed in on GEVO. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $1.90 price objective on shares of Gevo in a research note on Friday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Friday, July 17th. UBS Group reissued a “neutral” rating and issued a $2.00 target price (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. Finally, Wall Street Zen upgraded Gevo from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th.

Insider Transactions at Gevo

In other Gevo news, Director James J. Barber purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $1.54 per share, with a total value of $77,000.00. Following the completion of the purchase, the director directly owned 120,000 shares of the company’s stock, valued at $184,800. The trade was a 71.43% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick R. Gruber sold 247,642 shares of Gevo stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.51, for a total transaction of $373,939.42. Following the completion of the sale, the director owned 3,323,788 shares in the company, valued at approximately $5,018,919.88. This trade represents a 6.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 627,400 shares of company stock worth $917,343. Corporate insiders own 7.09% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently modified their holdings of GEVO. Vanguard Group Inc. boosted its stake in shares of Gevo by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock valued at $30,350,000 after purchasing an additional 455,543 shares in the last quarter. State Street Corp raised its stake in Gevo by 12.6% in the fourth quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock worth $16,849,000 after buying an additional 944,287 shares in the last quarter. Invesco Ltd. raised its stake in Gevo by 41.3% in the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after buying an additional 1,719,381 shares in the last quarter. Nuveen LLC lifted its holdings in Gevo by 107.7% in the fourth quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after buying an additional 2,146,019 shares during the period. Finally, Millennium Management LLC lifted its holdings in Gevo by 1.9% in the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock worth $3,803,000 after buying an additional 61,919 shares during the period. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Stock Performance

NASDAQ:GEVO opened at $1.64 on Wednesday. The firm has a market cap of $405.47 million, a PE ratio of -1.84 and a beta of 1.05. Gevo has a fifty-two week low of $1.37 and a fifty-two week high of $2.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.19 and a current ratio of 2.70. The business has a 50 day moving average price of $1.55 and a 200-day moving average price of $1.79.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. The firm had revenue of $46.50 million for the quarter, compared to analysts’ expectations of $46.40 million. Equities research analysts predict that Gevo will post -0.37 earnings per share for the current 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.