Gevo, Inc. (GEVO) – What Are Investment Firms Saying About This Stock?

Shares of Gevo, Inc. (NASDAQ:GEVO) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.55.

A number of equities research analysts have recently commented on the stock. Northland Securities set a $3.75 target price on shares of Gevo in a research report on Thursday, July 16th. HC Wainwright reissued a “buy” rating on shares of Gevo in a research note on Friday, October 9th. Wall Street Zen upgraded shares of Gevo from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 17th. Weiss Ratings raised shares of Gevo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. Finally, Jefferies Financial Group raised shares of Gevo to a “hold” rating in a research note on Tuesday, September 29th.

Gevo Stock Performance

Shares of NASDAQ:GEVO opened at $1.22 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.70 and a quick ratio of 2.19. The business’s 50 day moving average price is $1.42 and its 200-day moving average price is $1.73. The firm has a market capitalization of $301.63 million, a PE ratio of -1.37 and a beta of 1.14. Gevo has a 1 year low of $1.08 and a 1 year high of $2.97.

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

Insider Buying and Selling at Gevo

In other news, CEO Paul D. Bloom sold 31,096 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $1.55, for a total value of $48,198.80. Following the completion of the sale, the chief executive officer directly owned 1,452,303 shares in the company, valued at $2,251,069.65. This represents a 2.10% decrease in their ownership of the stock. 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 J. Barber purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average cost of $1.54 per share, with a total value of $77,000.00. Following the acquisition, the director owned 120,000 shares of the company’s stock, valued at approximately $184,800. The trade was a 71.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 313,286 shares of company stock valued at $476,443. Company insiders own 7.09% of the company’s stock.

Institutional Trading of Gevo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in Gevo in the second quarter valued at about $926,000. J. Derek Lewis & Associates Inc. boosted its stake in Gevo by 23.0% during the first quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock worth $1,461,000 after buying an additional 100,000 shares during the period. Bank of America Corp DE increased its position in shares of 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 valued at $5,970,000 after acquiring an additional 1,364,924 shares during the last quarter. Amundi increased its position in shares of 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 acquiring an additional 27,636 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Gevo by 153.8% during the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after acquiring an additional 1,342,400 shares during the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

About Gevo

Gevo, Inc is a renewable fuels and chemicals company headquartered in Englewood, Colorado. The company develops technologies that use renewable carbon sources, including plant-based feedstocks, to produce lower-carbon alternatives to petroleum-based products. Its work is focused on reducing greenhouse-gas emissions across the life cycle of fuels and chemicals.

Gevo’s activities have included the development and production of renewable alcohols and hydrocarbons, including isobutanol and sustainable aviation fuel.