Gevo (NASDAQ:GEVO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gevo (NASDAQ:GEVO) from a strong sell rating to a sell rating in a report released on Saturday morning.

Several other equities analysts have also recently weighed in on the company. Northland Securities set a $3.75 price objective on Gevo in a research note on Thursday, July 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research note on Friday, July 17th. UBS Group reiterated a “neutral” rating and issued a $2.00 target price (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, HC Wainwright reissued a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Gevo has a consensus rating of “Hold” and a consensus price target of $2.88.

Gevo Stock Performance

Shares of Gevo stock opened at $1.57 on Friday. Gevo has a 52 week low of $1.17 and a 52 week high of $2.97. The company has a quick ratio of 3.51, a current ratio of 4.31 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $1.53 and a 200-day moving average price of $1.83. The company has a market cap of $388.17 million, a PE ratio of -1.76 and a beta of 1.04.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Gevo had a negative return on equity of 5.83% and a negative net margin of 119.93%.The company had revenue of $46.50 million for the quarter, compared to analysts’ expectations of $46.40 million. Equities analysts anticipate that Gevo will post -0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gevo news, COO Christopher Michael Ryan sold 35,196 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $1.43, for a total value of $50,330.28. Following the transaction, the chief operating officer owned 1,279,245 shares of the company’s stock, valued at approximately $1,829,320.35. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, CFO Oluwagbemileke Yusuf Agiri sold 18,223 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.54, for a total value of $28,063.42. Following the completion of the transaction, the chief financial officer owned 472,893 shares of the company’s stock, valued at $728,255.22. This trade represents a 3.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,067,030 shares of company stock valued at $1,691,411. Insiders own 7.09% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Key Client Fiduciary Advisors LLC bought a new position in Gevo during the fourth quarter valued at about $25,000. Berger Financial Group Inc bought a new stake in Gevo in the fourth quarter worth about $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Gevo in the first quarter worth about $28,000. BNP Paribas Financial Markets boosted its stake in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after acquiring an additional 12,136 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in Gevo in the fourth quarter valued at about $28,000. 35.17% of the stock is 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.