Gevo (NASDAQ:GEVO) Shares Gap Up – Time to Buy?

Shares of Gevo, Inc. (NASDAQ:GEVO) gapped up before the market opened on Thursday . The stock had previously closed at $2.39, but opened at $2.54. Gevo shares last traded at $2.4060, with a volume of 937,764 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GEVO shares. Wall Street Zen lowered Gevo from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Northland Securities reiterated an “outperform” rating and set a $3.00 target price on shares of Gevo in a research note on Wednesday, December 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Gevo has an average rating of “Hold” and a consensus target price of $6.42.

Gevo Trading Down 1.1%

The firm has a market cap of $574.03 million, a P/E ratio of -18.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.58 and a current ratio of 1.82. The firm has a fifty day moving average of $2.09 and a 200-day moving average of $2.12.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $45.35 million during the quarter, compared to the consensus estimate of $43.52 million. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%. Equities research analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current year.

Insider Activity

In other Gevo news, insider Lindsay Clinton Fitzgerald sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $2.51, for a total transaction of $50,200.00. Following the completion of the transaction, the insider directly owned 212,199 shares of the company’s stock, valued at $532,619.49. The trade was a 8.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary W. Mize sold 107,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $2.33, for a total transaction of $249,543.00. Following the completion of the sale, the director owned 281,226 shares in the company, valued at $655,256.58. The trade was a 27.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 137,650 shares of company stock worth $321,959. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Gevo

Several hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust bought a new stake in shares of Gevo during the third quarter valued at about $6,007,000. Geode Capital Management LLC increased its position in shares of Gevo by 104.5% during 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 during the period. Nuveen LLC increased its position in shares of Gevo by 107.7% during the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock valued at $8,277,000 after purchasing an additional 2,146,019 shares during the period. Invesco Ltd. raised its stake in shares of Gevo by 41.3% in the 4th 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. Finally, Goldman Sachs Group Inc. raised its stake in shares of Gevo by 118.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,859,441 shares of the energy company’s stock worth $5,719,000 after buying an additional 1,548,302 shares in the last quarter. Institutional investors own 35.17% of the company’s stock.

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.