Gevo (NASDAQ:GEVO) Upgraded to Hold at Jefferies Financial Group

Key Points

• Jefferies upgraded Gevo to “Hold,” bringing the overall analyst consensus to Hold; analysts’ consensus price target is $2.55.
• Gevo shares opened at $1.33, near their 52-week low of $1.31, with a market capitalization of approximately $328.8 million. The company recently reported quarterly revenue of $46.5 million and an adjusted EPS loss of $0.01, beating estimates.
• Company insiders sold shares worth about $476,000 over the past three months, including sales by the CEO and CFO under pre-arranged trading plans; insiders own 7.09% of Gevo.

Gevo (NASDAQ:GEVO - Get Free Report) was upgraded by equities researchers at Jefferies Financial Group to a "hold" rating in a research note issued to investors on Tuesday, Zacks reports.

Several other equities research analysts also recently issued reports on GEVO. Northland Securities set a $3.75 price target on shares of Gevo in a research note on Thursday, July 16th. Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Wall Street Zen lowered Gevo from a "sell" rating to a "strong sell" rating in a research report on Saturday. Finally, Weiss Ratings cut Gevo from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Gevo currently has a consensus rating of "Hold" and a consensus price target of $2.55.

Gevo Stock Down 0.7%

NASDAQ GEVO opened at $1.33 on Tuesday. The stock has a market cap of $328.83 million, a PE ratio of -1.49 and a beta of 1.05. Gevo has a fifty-two week low of $1.31 and a fifty-two week high of $2.97. The business has a 50 day moving average price of $1.57 and a two-hundred day moving average price of $1.73. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 0.61.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The company had revenue of $46.50 million for the quarter, compared to analyst estimates 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, sell-side analysts predict that Gevo will post -0.37 EPS for the current fiscal year.

Insider Activity at Gevo

In other Gevo news, CFO Oluwagbemileke Agiri sold 18,223 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.54, for a total transaction of $28,063.42. Following the transaction, the chief financial officer directly owned 472,893 shares in the company, valued at $728,255.22. This represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul Bloom sold 31,096 shares of the firm's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $1.55, for a total transaction of $48,198.80. Following the transaction, the chief executive officer directly owned 1,452,303 shares of the company's stock, valued at approximately $2,251,069.65. This represents a 2.10% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 313,286 shares of company stock valued at $476,443. Insiders own 7.09% of the company's stock.

Institutional Trading of Gevo

Several institutional investors and hedge funds have recently bought and sold shares of GEVO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Gevo in the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd raised its stake in Gevo by 69.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 36,961 shares of the energy company's stock worth $74,000 after acquiring an additional 15,106 shares during the period. Sigma Planning Corp acquired a new stake in Gevo during the first quarter worth about $46,000. Baader Bank Aktiengesellschaft acquired a new position in Gevo in the first quarter valued at approximately $49,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Gevo during the first quarter valued at approximately $51,000. Institutional investors and hedge funds own 35.17% of the company's stock.

Gevo Company Profile

Gevo, Inc is a renewable fuels and chemicals company that develops alternatives to petroleum-based products. Its technology platform is designed to convert renewable carbohydrate feedstocks into alcohols and hydrocarbon-based fuels and chemicals, including sustainable aviation fuel, renewable gasoline and other low-carbon products.

The company also produces ethanol, animal feed and corn oil through its Gevo North Dakota operations. Gevo has pursued technologies and projects intended to reduce the lifecycle carbon intensity of its products, including the use of renewable energy, carbon capture and sequestration, and renewable natural gas.

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