Gevo, Inc. (NASDAQ:GEVO) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Gevo an average rating of Hold from five firms (1 sell, 2 hold, 2 buy), with a 12‑month average price target of $6.5833.
• Shares trade around $1.90 (52‑week range $1.00–$2.97) with a market cap of about $461.5M; the company slightly beat the quarter’s estimates (EPS -$0.02 vs -$0.03 and revenue $45.35M vs $43.52M).
• Insiders sold 267,997 shares (~$691K) over the last quarter while institutional ownership is 35.17%, with position increases from Millennium, Goldman Sachs and JPMorgan.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) has received an average rating of "Hold" from the five ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.5833.

Several brokerages have issued reports on GEVO. Wall Street Zen cut Gevo from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Northland Securities set a $3.50 price objective on Gevo and gave the company an "outperform" rating in a research note on Thursday, April 16th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Gevo in a research note on Tuesday, April 21st.

Gevo Trading Up 3.8%

Shares of NASDAQ GEVO opened at $1.90 on Thursday. The stock's 50 day moving average price is $2.09 and its two-hundred day moving average price is $2.10. Gevo has a 52-week low of $1.00 and a 52-week high of $2.97. The stock has a market capitalization of $461.48 million, a P/E ratio of -14.62 and a beta of 1.20. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.35.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%.The firm had revenue of $45.35 million for the quarter, compared to analysts' expectations of $43.52 million. On average, analysts anticipate that Gevo will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other Gevo news, Director Gary W. Mize sold 107,100 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $2.33, for a total transaction of $249,543.00. Following the sale, the director owned 281,226 shares in the company, valued at $655,256.58. This represents a 27.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Christopher Michael Ryan sold 29,797 shares of the company's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $2.96, for a total value of $88,199.12. Following the transaction, the chief operating officer directly owned 1,402,141 shares of the company's stock, valued at $4,150,337.36. This trade represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 267,997 shares of company stock worth $691,248 over the last quarter. 7.09% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in GEVO. Millennium Management LLC raised its position in shares of Gevo by 1.9% during the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock worth $3,803,000 after purchasing an additional 61,919 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Gevo by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock worth $1,351,000 after purchasing an additional 123,170 shares during the period. JPMorgan Chase & Co. raised its position in shares of Gevo by 915.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company's stock worth $160,000 after purchasing an additional 109,363 shares during the period. Legal & General Group Plc acquired a new stake in shares of Gevo during the 2nd quarter worth approximately $28,000. Finally, Rhumbline Advisers acquired a new stake in shares of Gevo during the 2nd quarter worth approximately $383,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

About Gevo

Gevo, Inc NASDAQ: GEVO is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company's core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo's integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo's primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.

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