Gevo (NASDAQ:GEVO) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Gevo's stock rating was dropped from "hold" to "sell" by Wall Street Zen, indicating a bearish outlook from analysts.
• Despite the downgrade, HC Wainwright maintained a "buy" rating with a price objective of $14.00 for Gevo shares.
• In recent trading, Gevo shares fell 6.2%, reflecting a challenging market environment for the company.

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

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

Gevo Stock Performance

Shares of NASDAQ GEVO traded down $0.08 during mid-day trading on Friday, hitting $1.22. The company had a trading volume of 3,437,828 shares, compared to its average volume of 2,882,140. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39. The stock has a market cap of $292.26 million, a price-to-earnings ratio of -3.39 and a beta of 2.67. The firm's 50 day simple moving average is $1.35 and its two-hundred day simple moving average is $1.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.71.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Gevo had a negative return on equity of 16.41% and a negative net margin of 193.87%. The firm had revenue of $29.11 million for the quarter, compared to the consensus estimate of $22.19 million. As a group, equities research analysts forecast that Gevo will post -0.42 earnings per share for the current year.

Insider Activity

In other Gevo news, EVP L Lynn Smull sold 60,331 shares of the business's stock in a transaction that occurred on 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 owned 1,109,271 shares in the company, valued at $1,419,866.88. The trade was a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Bloom sold 87,466 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1.28, for a total transaction of $111,956.48. Following the completion of the sale, the insider owned 860,416 shares of the company's stock, valued at approximately $1,101,332.48. This trade represents a 9.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 469,186 shares of company stock worth $599,429 over the last 90 days. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Gevo during the fourth quarter worth approximately $27,000. IHT Wealth Management LLC acquired a new position in Gevo during the fourth quarter worth about $29,000. International Assets Investment Management LLC purchased a new position in Gevo in the 2nd quarter worth about $26,000. Commonwealth Equity Services LLC purchased a new position in Gevo during the 4th quarter valued at about $49,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Gevo in the 4th quarter valued at approximately $49,000. 35.17% of the stock is currently owned by hedge funds and other 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.