Gevo, Inc. (NASDAQ:GEVO) Receives Average Rating of "Hold" from Brokerages

Key Points

• Gevo has a consensus “Hold” rating from six analysts: three holds, two buys and one sell. The average 12-month price target is $2.55.
• GEVO opened at $1.40, near its 12-month low of $1.37, with a market capitalization of approximately $346 million. The company reported quarterly revenue of $46.5 million and an adjusted loss of $0.01 per share, beating analyst estimates.
• Insiders sold 313,286 shares worth approximately $476,000 over the past 90 days, while institutional investors own 35.17% of the company’s stock.

Shares of Gevo, Inc. (NASDAQ:GEVO - Get Free Report) have been assigned a consensus rating of "Hold" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $2.55.

A number of brokerages have weighed in on GEVO. Weiss Ratings cut shares of Gevo from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, September 16th. Zacks Research upgraded shares of Gevo from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Northland Securities set a $3.75 price objective on shares of Gevo in a research report on Thursday, July 16th. Jefferies Financial Group restated a "hold" rating and set a $1.90 target price on shares of Gevo in a report on Friday, August 14th. Finally, Wall Street Zen cut shares of Gevo from a "sell" rating to a "strong sell" rating in a research report on Saturday.

Gevo Stock Performance

Shares of NASDAQ:GEVO opened at $1.40 on Friday. The firm has a market capitalization of $346.13 million, a PE ratio of -1.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.70 and a quick ratio of 2.19. The business has a 50-day moving average of $1.58 and a two-hundred day moving average of $1.75. Gevo has a 12 month low of $1.37 and a 12 month high of $2.97.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business 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%. As a group, research analysts forecast that Gevo will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In other Gevo news, CEO Paul Bloom sold 31,096 shares of the business's stock in a transaction dated 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 owned 1,452,303 shares in the company, valued at $2,251,069.65. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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, Director Patrick Gruber sold 247,642 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $1.51, for a total value of $373,939.42. Following the completion of the sale, the director directly owned 3,323,788 shares of the company's stock, valued at $5,018,919.88. The trade was a 6.93% 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. In the last ninety days, insiders have sold 313,286 shares of company stock worth $476,443. Company insiders own 7.09% of the company's stock.

Institutional Trading of Gevo

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Gevo by 166.1% during the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company's stock worth $5,970,000 after purchasing an additional 1,364,924 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Gevo by 153.8% in the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company's stock valued at $6,047,000 after purchasing an additional 1,342,400 shares during the period. J. Derek Lewis & Associates Inc. acquired a new stake in Gevo during the 4th quarter valued at $870,000. Bank of New York Mellon Corp purchased a new stake in Gevo during the 2nd quarter worth $926,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Gevo by 119.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 138,855 shares of the energy company's stock worth $379,000 after buying an additional 75,519 shares in the last quarter. 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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