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

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

GEVO has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a report on Wednesday, October 8th. Northland Securities reiterated an “outperform” rating and issued a $3.00 price target on shares of Gevo in a research report on Wednesday, December 31st. Finally, HC Wainwright reissued a “buy” rating on shares of Gevo in a report on Wednesday, October 15th.

Insider Activity at Gevo

In other Gevo news, Director Carol Jane Battershell sold 75,597 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $2.02, for a total value of $152,705.94. Following the transaction, the director directly owned 278,265 shares in the company, valued at $562,095.30. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Shafer sold 29,797 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $2.28, for a total transaction of $67,937.16. Following the sale, the insider directly owned 285,823 shares of the company’s stock, valued at approximately $651,676.44. The trade was a 9.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 196,238 shares of company stock valued at $426,718 in the last ninety days. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Gevo

Institutional investors have recently bought and sold shares of the business. First Bank & Trust bought a new stake in shares of Gevo during the third quarter worth $6,007,000. Geode Capital Management LLC raised its holdings in shares of Gevo by 104.5% in the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after buying an additional 2,873,940 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Gevo during the 2nd quarter worth about $26,000. ProShare Advisors LLC bought a new stake in Gevo during the 2nd quarter worth about $63,000. Finally, R Squared Ltd bought a new stake in Gevo during the 2nd quarter worth about $39,000. Institutional investors own 35.17% of the company’s stock.

Gevo Price Performance

Shares of Gevo stock opened at $2.06 on Tuesday. The firm has a market cap of $499.16 million, a P/E ratio of -10.30 and a beta of 1.21. The firm’s 50-day simple moving average is $2.09 and its 200-day simple moving average is $1.94. Gevo has a twelve month low of $0.92 and a twelve month high of $2.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.91.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $42.71 million during the quarter, compared to analyst estimates of $26.82 million. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. As a group, research analysts expect that Gevo will post -0.42 EPS for the current fiscal year.

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.