Northland Securities Reaffirms Outperform Rating for Gevo (NASDAQ:GEVO)

Gevo (NASDAQ:GEVO)‘s stock had its “outperform” rating restated by equities researchers at Northland Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $3.00 target price on the energy company’s stock. Northland Securities’ price target would indicate a potential upside of 51.90% from the company’s previous close.

A number of other equities research analysts have also weighed in on GEVO. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research report on Wednesday, October 15th. Wall Street Zen raised Gevo from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research report on Wednesday, October 8th. UBS Group increased their price objective on Gevo from $1.15 to $2.25 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Finally, Northland Capmk raised Gevo to a “strong-buy” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.42.

Gevo Stock Performance

Shares of NASDAQ:GEVO traded up $0.02 during midday trading on Wednesday, reaching $1.98. The company had a trading volume of 1,604,332 shares, compared to its average volume of 4,869,282. The stock has a market cap of $478.56 million, a P/E ratio of -9.87 and a beta of 1.44. The company’s 50 day moving average price is $2.16 and its 200 day moving average price is $1.87. 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 52-week low of $0.92 and a 52-week high of $2.98.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. The business had revenue of $42.71 million for the quarter, compared to the consensus estimate of $26.82 million. As a group, sell-side analysts anticipate that Gevo will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Gevo news, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the company’s 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 sale, the chief financial officer directly owned 271,224 shares in the company, valued at $626,527.44. This represents a 21.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Shafer sold 29,797 shares of Gevo stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $2.28, for a total value of $67,937.16. Following the transaction, the insider owned 285,823 shares in the company, valued at approximately $651,676.44. This represents a 9.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 396,238 shares of company stock worth $961,418 in the last ninety days. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GEVO. First Bank & Trust acquired a new position in shares of Gevo during the third quarter worth about $6,007,000. Geode Capital Management LLC boosted its holdings in Gevo by 104.5% in the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after purchasing an additional 2,873,940 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in Gevo by 114.5% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 289,300 shares of the energy company’s stock worth $336,000 after purchasing an additional 154,400 shares during the period. Goldman Sachs Group Inc. increased its position in Gevo by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after purchasing an additional 123,170 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Gevo during the 2nd quarter worth approximately $26,000. 35.17% of the stock is currently owned by hedge funds and other 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.