Gevo (NASDAQ:GEVO) Stock Rating Upgraded by 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 report released on Saturday.

Separately, HC Wainwright reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a report on Friday, May 30th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Gevo has an average rating of "Hold" and a consensus price target of $7.58.

Gevo Stock Performance

Gevo stock traded up $0.03 during midday trading on Friday, hitting $1.62. The stock had a trading volume of 4,111,576 shares, compared to its average volume of 8,761,277. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.29. Gevo has a 52-week low of $0.6703 and a 52-week high of $3.39. The firm's fifty day moving average is $1.43 and its two-hundred day moving average is $1.33. The company has a market capitalization of $391.78 million, a PE ratio of -6.23 and a beta of 2.67.

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

Insider Activity

In other news, Director Gary W. Mize sold 91,459 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.68, for a total transaction of $153,651.12. Following the completion of the transaction, the director directly owned 388,326 shares in the company, valued at approximately $652,387.68. This represents a 19.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP L Lynn Smull sold 60,331 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $77,223.68. Following the transaction, the executive vice president owned 1,109,271 shares of the company's stock, 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. In the last ninety days, insiders sold 1,060,813 shares of company stock worth $1,373,521. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Gevo in the fourth quarter worth $27,000. IHT Wealth Management LLC bought a new stake in Gevo in the fourth quarter worth $29,000. International Assets Investment Management LLC bought a new stake in Gevo in the second quarter worth $26,000. BNP Paribas Financial Markets lifted its position in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock worth $28,000 after buying an additional 12,136 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Gevo in the second quarter worth $28,000. 35.17% of the stock is currently owned by institutional investors.

Gevo Company Profile

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.