Gevo (NASDAQ:GEVO) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of Gevo (NASDAQ:GEVO) from a sell rating to a strong sell rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research analysts have also weighed in on the stock. Weiss Ratings lowered shares of Gevo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 16th. Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $1.90 price target on shares of Gevo in a research report on Friday, August 14th. Finally, Northland Securities set a $3.75 price objective on Gevo in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Gevo currently has a consensus rating of “Hold” and a consensus price target of $2.55.

Gevo Price Performance

NASDAQ GEVO opened at $1.34 on Friday. The company has a market cap of $331.30 million, a PE ratio of -1.51 and a beta of 1.05. Gevo has a 52 week low of $1.33 and a 52 week high of $2.97. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $1.58 and its two-hundred day simple moving average is $1.74.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $46.50 million during the quarter, compared to analyst estimates of $46.40 million. Research analysts predict that Gevo will post -0.37 earnings per share for the current year.

Insider Activity

In other news, CEO Paul Bloom sold 31,096 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.55, for a total transaction of $48,198.80. Following the completion of the transaction, the chief executive officer directly owned 1,452,303 shares in the company, valued at $2,251,069.65. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, Director James Barber purchased 50,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was purchased at an average cost of $1.54 per share, for a total transaction of $77,000.00. Following the acquisition, the director owned 120,000 shares of the company’s stock, valued at approximately $184,800. This trade represents a 71.43% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 313,286 shares of company stock valued at $476,443 in the last quarter. 7.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in shares of Gevo in the 2nd quarter valued at about $926,000. J. Derek Lewis & Associates Inc. increased its position in shares of Gevo by 23.0% in the first quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock worth $1,461,000 after purchasing an additional 100,000 shares during the last quarter. Bank of America Corp DE increased its position in shares of Gevo by 166.1% in the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock worth $5,970,000 after purchasing an additional 1,364,924 shares during the last quarter. Amundi lifted its position in Gevo by 25.6% during the first quarter. Amundi now owns 135,539 shares of the energy company’s stock valued at $370,000 after purchasing an additional 27,636 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Gevo by 153.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock worth $6,047,000 after buying an additional 1,342,400 shares during the last quarter. 35.17% of the stock is currently owned by institutional investors.

Gevo Company Profile

Gevo, Inc is a renewable fuels and chemicals company that develops alternatives to petroleum-based products. Its technology platform is designed to convert renewable carbohydrate feedstocks into alcohols and hydrocarbon-based fuels and chemicals, including sustainable aviation fuel, renewable gasoline and other low-carbon products.

The company also produces ethanol, animal feed and corn oil through its Gevo North Dakota operations. Gevo has pursued technologies and projects intended to reduce the lifecycle carbon intensity of its products, including the use of renewable energy, carbon capture and sequestration, and renewable natural gas.