Gevo (NASDAQ:GEVO) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Gevo from a "sell" to a "hold"; analyst coverage is mixed (2 buys, 2 holds, 1 sell) with a consensus target price of about $6.58.
• Gevo reported a small quarterly loss of $0.02 per share (vs. a $0.03 loss expected) and revenue of $45.35M (above estimates), but still faces a forecasted full-year EPS of about -$0.08 while trading near $2.03 with a ~$493M market cap.
• Insiders have been selling shares recently (273,547 shares worth ~$702K over the last quarter, including the COO), even as major institutions like Nuveen, Invesco and Goldman increased positions; institutional investors now own about 35.17% of the stock.

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

Several other brokerages have also issued reports on GEVO. Northland Securities set a $3.50 price target on Gevo and gave the stock an "outperform" rating in a research note on Thursday, April 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Gevo in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.58.

Gevo Trading Up 6.3%

Shares of GEVO stock opened at $2.03 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $2.09 and a two-hundred day moving average price of $2.10. Gevo has a 12-month low of $1.00 and a 12-month high of $2.97. The firm has a market cap of $493.05 million, a P/E ratio of -15.62 and a beta of 1.01.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $43.52 million. Equities analysts anticipate that Gevo will post -0.08 EPS for the current fiscal year.

Insider Transactions at Gevo

In other news, COO Christopher Michael Ryan sold 100,000 shares of Gevo stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $2.76, for a total value of $276,000.00. Following the transaction, the chief operating officer owned 1,431,938 shares in the company, valued at approximately $3,952,148.88. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lindsay Clinton Fitzgerald sold 20,000 shares of Gevo stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $2.51, for a total value of $50,200.00. Following the completion of the transaction, the insider owned 212,199 shares in the company, valued at approximately $532,619.49. This represents a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 273,547 shares of company stock worth $702,348. Company insiders own 7.09% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GEVO. Nuveen LLC increased its holdings in Gevo by 107.7% during the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company's stock valued at $8,277,000 after purchasing an additional 2,146,019 shares during the period. Invesco Ltd. increased its holdings in Gevo by 41.3% during the 4th quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company's stock valued at $11,758,000 after purchasing an additional 1,719,381 shares during the period. Goldman Sachs Group Inc. increased its holdings in Gevo by 118.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,859,441 shares of the energy company's stock valued at $5,719,000 after purchasing an additional 1,548,302 shares during the period. State Street Corp increased its holdings in Gevo by 12.6% during the 4th quarter. State Street Corp now owns 8,424,375 shares of the energy company's stock valued at $16,849,000 after purchasing an additional 944,287 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Gevo during the 4th quarter valued at about $1,746,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

Gevo Company Profile

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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