ValuEngine lowered shares of Gevo (NASDAQ:GEVO) from a buy rating to a hold rating in a research report released on Wednesday morning.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Gevo from a hold rating to a buy rating and set a $5.25 target price on the stock in a report on Wednesday, September 12th. HC Wainwright raised shares of Gevo from a neutral rating to a buy rating in a report on Friday, September 7th.

NASDAQ:GEVO remained flat at $$3.24 during mid-day trading on Wednesday. 103,079 shares of the company traded hands, compared to its average volume of 188,120. The firm has a market capitalization of $28.25 million, a PE ratio of -0.10 and a beta of 2.64. Gevo has a 52-week low of $2.75 and a 52-week high of $24.74. The company has a current ratio of 7.74, a quick ratio of 10.19 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last issued its earnings results on Tuesday, November 6th. The energy company reported ($0.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.25). The firm had revenue of $8.58 million during the quarter, compared to analyst estimates of $7.72 million. Gevo had a negative net margin of 76.73% and a negative return on equity of 25.51%. On average, research analysts predict that Gevo will post -6.73 EPS for the current fiscal year.

In related news, CEO Patrick R. Gruber acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were bought at an average price of $2.93 per share, with a total value of $29,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Johannes Minho Roth acquired 137,170 shares of the business’s stock in a transaction on Friday, August 17th. The shares were bought at an average cost of $3.07 per share, for a total transaction of $421,111.90. Following the acquisition, the director now owns 19,424 shares of the company’s stock, valued at approximately $59,631.68. The disclosure for this purchase can be found here. 0.05% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Gevo during the second quarter worth approximately $107,000. Bank of Montreal Can acquired a new stake in Gevo during the second quarter worth approximately $114,000. Finally, BlackRock Inc. raised its holdings in Gevo by 4,086.6% during the third quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock worth $614,000 after purchasing an additional 151,368 shares in the last quarter. 4.88% of the stock is currently owned by institutional investors.

About Gevo

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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