Wall Street Zen Upgrades Gevo (NASDAQ:GEVO) to Sell

Gevo (NASDAQ:GEVO) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on GEVO. Zacks Research upgraded shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Jefferies Financial Group raised Gevo to a “hold” rating in a research note on Tuesday, September 29th. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research note on Friday, October 9th. Northland Securities set a $3.75 price target on shares of Gevo in a research report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Gevo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.55.

Gevo Stock Performance

Shares of NASDAQ:GEVO opened at $1.17 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $1.50 and its 200 day moving average price is $1.64. The company has a market cap of $289.27 million, a PE ratio of -1.31 and a beta of 1.14. Gevo has a fifty-two week low of $1.15 and a fifty-two week high of $2.97.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 business had revenue of $46.50 million during the quarter, compared to analyst estimates of $46.40 million. Sell-side analysts anticipate that Gevo will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Patrick Gruber sold 247,642 shares of the firm’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 transaction, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul Bloom sold 31,096 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $1.55, for a total transaction of $48,198.80. Following the sale, the chief executive officer owned 1,452,303 shares of the company’s stock, valued at $2,251,069.65. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 313,286 shares of company stock worth $476,443 over the last ninety days. Company insiders own 7.09% of the company’s stock.

Institutional Trading of Gevo

Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Gevo by 153.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after buying an additional 1,342,400 shares in the last quarter. Bank of America Corp DE raised its stake in Gevo by 166.1% during the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock worth $5,970,000 after acquiring an additional 1,364,924 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Gevo in the 2nd quarter valued at $926,000. J. Derek Lewis & Associates Inc. raised its position in Gevo by 23.0% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock valued at $1,461,000 after purchasing an additional 100,000 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Gevo by 389.6% during the first quarter. State of Wyoming now owns 139,543 shares of the energy company’s stock worth $381,000 after purchasing an additional 111,041 shares during the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc is a renewable fuels and chemicals company focused on producing low-carbon alternatives to petroleum-based products. The company develops technologies that convert renewable raw materials, including carbohydrates and other bio-based feedstocks, into hydrocarbons and alcohols for use in transportation fuels, chemicals and materials.

Gevo’s product and technology portfolio has included renewable isobutanol, ethanol, sustainable aviation fuel and other renewable hydrocarbons. The company also develops renewable natural gas and related solutions, as well as technologies intended to reduce greenhouse-gas emissions across the fuel and chemical supply chain.