Gevo (NASDAQ:GEVO) Raised to "Hold" at Wall Street Zen

Key Points

• Gevo was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a more favorable outlook for the company.
• HC Wainwright reiterated a "buy" rating with a price target of $14.00 for Gevo shares, indicating confidence in the stock's potential performance.
• Gevo's recent quarterly earnings report showed a positive EPS of $0.01, exceeding analyst expectations despite a negative net margin of 72.76%.

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

Separately, HC Wainwright reissued a "buy" rating and issued a $14.00 price target on shares of Gevo in a report on Friday, May 30th.

Gevo Trading Down 2.2%

Gevo stock opened at $1.80 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.71 and a debt-to-equity ratio of 0.29. Gevo has a 12 month low of $0.66 and a 12 month high of $3.39. The stock's 50 day simple moving average is $1.41 and its two-hundred day simple moving average is $1.34. The firm has a market cap of $435.31 million, a PE ratio of -6.92 and a beta of 2.67.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%. The business had revenue of $43.41 million for the quarter, compared to analyst estimates of $43.69 million. Analysts anticipate that Gevo will post -0.42 earnings per share for the current year.

Insider Activity at Gevo

In related news, CEO Patrick R. Gruber sold 157,197 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $201,212.16. Following the transaction, the chief executive officer directly owned 3,610,779 shares of the company's stock, valued at approximately $4,621,797.12. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP L Lynn Smull sold 60,331 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1.28, for a total transaction of $77,223.68. Following the completion of the transaction, the executive vice president directly owned 1,109,271 shares in the company, valued at $1,419,866.88. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 974,354 shares of company stock valued at $1,225,620. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GEVO. International Assets Investment Management LLC acquired a new position in Gevo in the 2nd quarter valued at $26,000. Raymond James Financial Inc. acquired a new position in Gevo in the 4th quarter valued at $27,000. BNP Paribas Financial Markets raised its stake in Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock valued at $28,000 after purchasing an additional 12,136 shares during the last quarter. Legal & General Group Plc acquired a new position in Gevo in the 2nd quarter valued at $28,000. Finally, IHT Wealth Management LLC acquired a new position in Gevo in the 4th quarter valued at $29,000. 35.17% of the stock is owned by institutional investors and hedge funds.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

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