Gevo, Inc. (NASDAQ:GEVO) Given Consensus Rating of “Hold” by Brokerages

Shares of Gevo, Inc. (NASDAQ:GEVO) have been given a consensus rating of “Hold” by the five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.75.

GEVO has been the topic of a number of research analyst reports. Zacks Research lowered shares of Gevo from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. Northland Securities set a $3.50 price objective on shares of Gevo and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, UBS Group reiterated a “neutral” rating and set a $2.00 price objective (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd.

Gevo Price Performance

Shares of NASDAQ:GEVO opened at $1.40 on Friday. The firm’s 50 day moving average is $1.71 and its two-hundred day moving average is $1.95. Gevo has a 52 week low of $1.12 and a 52 week high of $2.97. The firm has a market capitalization of $340.77 million, a P/E ratio of -10.77 and a beta of 0.99. The company has a current ratio of 4.31, a quick ratio of 3.51 and a debt-to-equity ratio of 0.37.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. The firm had revenue of $42.95 million during the quarter, compared to analyst estimates of $44.90 million. Analysts anticipate that Gevo will post -0.11 earnings per share for the current year.

Insider Buying and Selling at Gevo

In related news, Director Patrick R. Gruber sold 186,469 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1.76, for a total transaction of $328,185.44. Following the transaction, the director owned 3,728,993 shares in the company, valued at $6,563,027.68. This trade represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, COO Christopher Michael Ryan sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $2.76, for a total transaction of $276,000.00. Following the transaction, the chief operating officer owned 1,431,938 shares in the company, valued at $3,952,148.88. This represents a 6.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 900,709 shares of company stock valued at $1,615,651. 7.09% of the stock is currently owned by company insiders.

Institutional Trading of Gevo

Large investors have recently added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Gevo during the first quarter worth approximately $28,000. Key Client Fiduciary Advisors LLC bought a new stake in Gevo during the fourth quarter worth approximately $25,000. Berger Financial Group Inc bought a new stake in Gevo during the fourth quarter worth approximately $26,000. Franklin Resources Inc. bought a new stake in Gevo during the fourth quarter worth approximately $28,000. Finally, Mackenzie Financial Corp bought a new stake in Gevo during the third quarter worth approximately $29,000. 35.17% of the stock is currently owned by institutional investors.

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.