Gevo, Inc. (NASDAQ:GEVO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Gevo, Inc. (NASDAQ:GEVO) have earned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $2.8750.

Several brokerages recently issued reports on GEVO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. Wall Street Zen downgraded Gevo from a “hold” rating to a “strong sell” rating in a research report on Sunday, May 10th. Zacks Research upgraded Gevo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. Finally, UBS Group reiterated a “neutral” rating and set a $2.00 target price (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd.

Insider Buying and Selling at Gevo

In other news, insider Kimberly T. Bowron sold 25,101 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1.76, for a total transaction of $44,177.76. Following the completion of the sale, the insider owned 711,765 shares in the company, valued at approximately $1,252,706.40. This trade represents a 3.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Patrick R. Gruber sold 157,563 shares of Gevo stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $1.40, for a total transaction of $220,588.20. Following the sale, the director directly owned 3,571,430 shares of the company’s stock, valued at $5,000,002. The trade was a 4.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 765,362 shares of company stock worth $1,236,411. 7.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gevo

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in Gevo by 11.0% during the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company’s stock worth $123,000 after acquiring an additional 9,249 shares during the period. Corient Private Wealth LLC lifted its position in shares of Gevo by 83.0% during the 4th quarter. Corient Private Wealth LLC now owns 20,950 shares of the energy company’s stock valued at $42,000 after acquiring an additional 9,500 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Gevo during the 1st quarter worth $28,000. Cetera Investment Advisers increased its position in shares of Gevo by 29.0% in the fourth quarter. Cetera Investment Advisers now owns 49,137 shares of the energy company’s stock worth $98,000 after purchasing an additional 11,040 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 12,136 shares during the period. Institutional investors own 35.17% of the company’s stock.

Gevo Stock Performance

NASDAQ GEVO opened at $1.72 on Tuesday. The firm has a market capitalization of $418.67 million, a P/E ratio of -13.23 and a beta of 1.02. The company has a current ratio of 4.31, a quick ratio of 3.51 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.87. Gevo has a 1 year low of $1.12 and a 1 year high of $2.97.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $42.95 million during the quarter, compared to the consensus estimate of $44.90 million. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. As a group, research analysts anticipate that Gevo will post -0.1 EPS for the current year.

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.