Gevo, Inc. (NASDAQ:GEVO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Gevo, Inc. (NASDAQ:GEVO) have been assigned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $2.55.

A number of research firms have commented on GEVO. UBS Group reiterated a “neutral” rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $1.90 price objective on shares of Gevo in a research note on Friday, August 14th. Zacks Research upgraded Gevo from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. HC Wainwright reissued a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Gevo from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th.

Gevo Trading Up 0.6%

Shares of NASDAQ GEVO opened at $1.65 on Wednesday. The firm has a 50 day moving average price of $1.57 and a two-hundred day moving average price of $1.78. The stock has a market cap of $407.94 million, a P/E ratio of -1.85 and a beta of 1.05. Gevo has a 52-week low of $1.37 and a 52-week high of $2.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.19 and a current ratio of 2.70.

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

Insider Activity at Gevo

In other news, Director James Barber acquired 50,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $1.54 per share, for a total transaction of $77,000.00. Following the completion of the transaction, the director directly owned 120,000 shares in the company, valued at $184,800. This represents a 71.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul Bloom sold 31,096 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.55, for a total transaction of $48,198.80. Following the completion of the transaction, the chief executive officer owned 1,452,303 shares in the company, valued at approximately $2,251,069.65. The trade was a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 633,468 shares of company stock valued at $927,685 over the last 90 days. 7.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its stake in Gevo by 1.9% during the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock worth $3,803,000 after purchasing an additional 61,919 shares during the period. Goldman Sachs Group Inc. lifted its stake in Gevo by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock valued at $1,351,000 after buying an additional 123,170 shares during the period. JPMorgan Chase & Co. lifted its stake in Gevo by 915.8% in the second quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company’s stock valued at $160,000 after buying an additional 109,363 shares during the period. Legal & General Group Plc bought a new position in shares of Gevo during the 2nd quarter worth approximately $28,000. Finally, Rhumbline Advisers bought a new position in shares of Gevo during the 2nd quarter worth approximately $383,000. Institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

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.