Gevo (NASDAQ:GEVO) Stock Lifted to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Gevo from “Sell” to “Hold. Analysts’ overall consensus is also “Hold,” with two Buy, three Hold, and one Sell rating and an average price target of $2.55.
• Gevo shares opened at $1.83 on Friday, with a 12-month trading range of $1.08 to $2.97 and a market capitalization of about $453 million.
• Director James Barber bought 50,000 shares at an average price of $1.54, increasing his direct ownership by 71.43%.

Gevo (NASDAQ:GEVO - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently commented on the stock. HC Wainwright reaffirmed a "buy" rating on shares of Gevo in a research report on Wednesday. Weiss Ratings raised Gevo from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, October 2nd. Finally, Jefferies Financial Group upgraded Gevo to a "hold" rating in a research note on Tuesday, September 29th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $2.55.

Gevo Stock Down 1.6%

GEVO opened at $1.83 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.04 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $1.37 and a 200-day moving average price of $1.69. Gevo has a twelve month low of $1.08 and a twelve month high of $2.97. The stock has a market capitalization of $452.71 million, a price-to-earnings ratio of -2.38 and a beta of 1.13.

Insider Activity

In other Gevo news, Director James Barber purchased 50,000 shares of Gevo stock in a transaction dated Friday, August 21st. The stock was purchased at an average price of $1.54 per share, with a total value of $77,000.00. Following the transaction, the director directly owned 120,000 shares of the company's stock, valued at $184,800. This trade represents a 71.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 6,068 shares of company stock worth $10,343. Insiders own 7.09% of the company's stock.

Hedge Funds Weigh In On Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in GEVO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Gevo during the first quarter valued at approximately $28,000. Sigma Planning Corp bought a new position in Gevo in the first quarter worth approximately $46,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Gevo during the 1st quarter worth $49,000. Caxton Associates LLP purchased a new position in shares of Gevo during the 1st quarter worth $153,000. Finally, Amundi boosted its stake in shares of Gevo by 25.6% during the 1st quarter. Amundi now owns 135,539 shares of the energy company's stock worth $370,000 after acquiring an additional 27,636 shares during the last quarter. Hedge funds and other institutional investors own 35.17% of the company's stock.

Gevo Company Profile

Gevo, Inc. is a renewable fuels and chemicals company focused on producing lower-carbon alternatives to petroleum-based products. Its activities include developing and operating facilities that convert renewable feedstocks into fuels, chemicals and other products. The company's product portfolio includes alcohol-to-jet sustainable aviation fuel, renewable gasoline and diesel, and isobutanol, which can be used in fuels and chemical applications. Its operations also include ethanol production and related animal-feed products.

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