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

Shares of Gevo, Inc. (NASDAQ:GEVO) have received a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $2.55.

Several research firms have recently weighed in 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. Wall Street Zen upgraded shares of Gevo from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Jefferies Financial Group restated a “hold” rating and set a $1.90 price target on shares of Gevo in a research report on Friday, August 14th. UBS Group restated a “neutral” rating and set a $2.00 price target (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Friday, July 17th.

Insider Activity at Gevo

In other Gevo news, CFO Oluwagbemileke Yusuf Agiri sold 63,028 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $1.40, for a total transaction of $88,239.20. Following the transaction, the chief financial officer directly owned 491,116 shares in the company, valued at $687,562.40. This trade represents a 11.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Christopher Michael Ryan sold 35,196 shares of Gevo stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $1.43, for a total transaction of $50,330.28. Following the transaction, the chief operating officer directly owned 1,279,245 shares in the company, valued at $1,829,320.35. This trade represents a 2.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 a total of 627,400 shares of company stock worth $917,343 in the last quarter. 7.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gevo

Several institutional investors and hedge funds have recently made changes to their positions in GEVO. Vanguard Group Inc. raised its position in Gevo by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock worth $30,350,000 after purchasing an additional 455,543 shares during the period. State Street Corp boosted its position in Gevo by 12.6% during the fourth quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock valued at $16,849,000 after buying an additional 944,287 shares during the period. Invesco Ltd. boosted its position in Gevo by 41.3% during the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock valued at $11,758,000 after buying an additional 1,719,381 shares during the period. Nuveen LLC grew its stake in shares of Gevo by 107.7% during the fourth quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock valued at $8,277,000 after buying an additional 2,146,019 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Gevo by 1.9% during the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock valued at $3,803,000 after buying an additional 61,919 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.

Gevo Stock Down 1.2%

GEVO stock opened at $1.64 on Wednesday. The company has a current ratio of 2.70, a quick ratio of 2.19 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $1.55 and its 200 day moving average is $1.79. The stock has a market cap of $405.47 million, a price-to-earnings ratio of -1.84 and a beta of 1.05. Gevo has a 1-year low of $1.37 and a 1-year high of $2.97.

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 net margin of 119.93% and a negative return on equity of 6.50%. The business had revenue of $46.50 million during the quarter, compared to analyst estimates of $46.40 million. Sell-side analysts predict that Gevo will post -0.37 EPS for the current fiscal year.

Gevo Company Profile

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.