Gevo, Inc. (NASDAQ:GEVO) Stock Has Average Price Target of $2.55 According to Analysts

Shares of Gevo, Inc. (NASDAQ:GEVO) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $2.55.

A number of equities analysts have issued reports on GEVO shares. Weiss Ratings lowered Gevo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 16th. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Northland Securities set a $3.75 price objective on shares of Gevo in a research report on Thursday, July 16th. Jefferies Financial Group raised shares of Gevo to a “hold” rating in a research note on Tuesday. Finally, Wall Street Zen lowered Gevo from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 26th.

Insiders Place Their Bets

In related news, CFO Oluwagbemileke Agiri sold 18,223 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $1.54, for a total transaction of $28,063.42. Following the transaction, the chief financial officer directly owned 472,893 shares of the company’s stock, valued at approximately $728,255.22. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patrick R. Gruber sold 247,642 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.51, for a total value of $373,939.42. Following the transaction, the director directly owned 3,323,788 shares in the company, valued at $5,018,919.88. The trade was a 6.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 313,286 shares of company stock worth $476,443 over the last three months. Company insiders own 7.09% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEVO. Bank of America Corp DE boosted its stake in Gevo by 166.1% during 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 buying an additional 1,364,924 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Gevo by 153.8% during 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 period. Bank of New York Mellon Corp bought a new position in shares of Gevo during the 2nd quarter worth approximately $926,000. J. Derek Lewis & Associates Inc. acquired a new stake in Gevo in the 4th quarter valued at $870,000. Finally, State of Wyoming boosted its stake in Gevo by 389.6% in the 1st quarter. State of Wyoming now owns 139,543 shares of the energy company’s stock valued at $381,000 after buying an additional 111,041 shares in the last quarter. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Price Performance

NASDAQ GEVO opened at $1.31 on Friday. Gevo has a 52 week low of $1.31 and a 52 week high of $2.97. 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 stock has a market cap of $325.12 million, a price-to-earnings ratio of -1.48 and a beta of 1.14. The company has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $1.72.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $46.50 million during the quarter, compared to the consensus estimate of $46.40 million. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%. Analysts forecast that Gevo will post -0.37 EPS for the current year.

About Gevo

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.