Brokerages Set Gevo, Inc. (NASDAQ:GEVO) PT at $6.42

Shares of Gevo, Inc. (NASDAQ:GEVO) have been given an average rating of “Hold” by the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.4167.

A number of brokerages recently weighed in on GEVO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Northland Securities reaffirmed an “outperform” rating and issued a $3.00 target price on shares of Gevo in a report on Wednesday, December 31st.

Insider Transactions at Gevo

In other Gevo news, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $2.31, for a total transaction of $169,286.04. Following the completion of the sale, the chief financial officer directly owned 271,224 shares of the company’s stock, valued at $626,527.44. This represents a 21.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 85,844 shares of company stock valued at $196,125. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several large investors have recently modified their holdings of the stock. Key Client Fiduciary Advisors LLC purchased a new position in Gevo in the 4th quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in shares of Gevo in the second quarter valued at about $26,000. Berger Financial Group Inc purchased a new stake in shares of Gevo in the fourth quarter valued at about $26,000. BNP Paribas Financial Markets increased its stake in shares of Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after acquiring an additional 12,136 shares during the period. Finally, Franklin Resources Inc. purchased a new position in Gevo during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Trading Up 1.1%

GEVO opened at $1.89 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. Gevo has a 52 week low of $0.92 and a 52 week high of $2.95. The business’s 50 day moving average is $2.02 and its two-hundred day moving average is $2.00. The firm has a market cap of $457.97 million, a price-to-earnings ratio of -9.45 and a beta of 1.49.

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.