Gevo, Inc. (GEVO) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts give Gevo an average “Hold” rating: Of six covering brokerages, three recommend holding, two recommend buying and one recommends selling. The average 12-month price target is $2.55.
• Gevo’s shares opened at $1.11, near their one-year low of $1.11 and below the 50-day and 200-day moving averages of $1.47 and $1.60, respectively.
• The company slightly exceeded quarterly expectations, reporting a loss of $0.01 per share versus the projected $0.02 loss and revenue of $46.5 million. However, Gevo remains unprofitable, with a negative net margin of 119.93%, while insiders sold roughly 313,000 shares over the past 90 days.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) has been given an average rating of "Hold" by the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $2.55.

GEVO has been the subject of several research analyst reports. Wall Street Zen raised Gevo from a "strong sell" rating to a "sell" rating in a research note on Saturday, October 17th. Northland Securities set a $3.75 price target on shares of Gevo in a research note on Thursday, July 16th. Zacks Research upgraded shares of Gevo from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Weiss Ratings raised shares of Gevo from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, October 2nd. Finally, Jefferies Financial Group raised shares of Gevo to a "hold" rating in a report on Tuesday, September 29th.

Gevo Stock Down 1.8%

NASDAQ GEVO opened at $1.11 on Thursday. The company has a current ratio of 2.70, a quick ratio of 2.19 and a debt-to-equity ratio of 0.61. Gevo has a 1-year low of $1.11 and a 1-year high of $2.97. The company has a 50 day moving average of $1.47 and a 200-day moving average of $1.60. The company has a market cap of $274.44 million, a price-to-earnings ratio of -1.25 and a beta of 1.14.

Gevo (NASDAQ:GEVO - Get Free Report) last released its earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) 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 analyst estimates of $46.40 million. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%. On average, equities research analysts expect that Gevo will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at Gevo

In other Gevo news, CFO Oluwagbemileke Agiri sold 18,223 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $1.54, for a total value of $28,063.42. Following the sale, the chief financial officer owned 472,893 shares in the company, valued at approximately $728,255.22. The trade was a 3.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patrick R. Gruber sold 247,642 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $1.51, for a total value of $373,939.42. Following the completion of the sale, the director owned 3,323,788 shares in the company, valued at $5,018,919.88. The trade was a 6.93% 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. Over the last ninety days, insiders sold 313,286 shares of company stock valued at $476,443. Company insiders own 7.09% of the company's stock.

Institutional Investors Weigh In On Gevo

Several large investors have recently added to or reduced their stakes in GEVO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Gevo in the first quarter valued at approximately $28,000. Sigma Planning Corp bought a new position in shares of Gevo during the 1st quarter worth approximately $46,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Gevo during the 1st quarter worth approximately $49,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Gevo during the 1st quarter worth approximately $51,000. Finally, Caxton Associates LLP bought a new stake in shares of Gevo in the 1st quarter valued at $153,000. 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 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.

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