Gevo, Inc. (NASDAQ:GEVO) Stock Has Consensus Price Target of $2.55

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

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

Gevo Stock Down 1.8%

GEVO stock opened at $1.11 on Thursday. The stock’s 50 day simple moving average is $1.47 and its 200 day simple moving average is $1.60. Gevo has a fifty-two week low of $1.11 and a fifty-two 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. The company has a market cap of $274.44 million, a P/E ratio of -1.25 and a beta of 1.14.

Gevo (NASDAQ:GEVO) last released 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. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. The firm had revenue of $46.50 million for the quarter, compared to the consensus estimate of $46.40 million. On average, research analysts expect that Gevo will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Paul D. Bloom sold 31,096 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 1,452,303 shares in the company, valued at $2,251,069.65. This trade represents a 2.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, CFO Oluwagbemileke Agiri sold 18,223 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $1.54, for a total value of $28,063.42. Following the completion of the sale, the chief financial officer directly owned 472,893 shares of the company’s stock, valued at $728,255.22. This represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 313,286 shares of company stock worth $476,443 in the last ninety days. Company insiders own 7.09% of the company’s stock.

Institutional Investors Weigh In On Gevo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in shares of Gevo by 166.1% during the 1st quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock valued at $5,970,000 after purchasing an additional 1,364,924 shares during the period. Renaissance Technologies LLC lifted its holdings in 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 purchasing an additional 1,342,400 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Gevo during the 2nd quarter worth about $926,000. J. Derek Lewis & Associates Inc. lifted its holdings in Gevo by 23.0% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock worth $1,461,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Amundi boosted its stake in Gevo by 25.6% in the 1st quarter. Amundi now owns 135,539 shares of the energy company’s stock worth $370,000 after purchasing an additional 27,636 shares during the period. Institutional investors own 35.17% of the company’s stock.

About Gevo

Gevo, Inc is a renewable fuels and chemicals company focused on producing low-carbon alternatives to petroleum-based products. The company develops technologies that convert renewable raw materials, including carbohydrates and other bio-based feedstocks, into hydrocarbons and alcohols for use in transportation fuels, chemicals and materials.

Gevo’s product and technology portfolio has included renewable isobutanol, ethanol, sustainable aviation fuel and other renewable hydrocarbons. The company also develops renewable natural gas and related solutions, as well as technologies intended to reduce greenhouse-gas emissions across the fuel and chemical supply chain.