Gevo (NASDAQ:GEVO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gevo (NASDAQ:GEVO) from a strong sell rating to a sell rating in a research note published on Saturday,Wall Street Zen reports.

GEVO has been the subject of several other research reports. Weiss Ratings upgraded Gevo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research report on Friday, October 9th. Zacks Research upgraded Gevo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Jefferies Financial Group upgraded Gevo to a “hold” rating in a research note on Tuesday, September 29th. Finally, Northland Securities set a $3.75 price target on Gevo in a report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.55.

Gevo Trading Down 3.4%

NASDAQ:GEVO opened at $1.13 on Friday. The stock has a market capitalization of $279.38 million, a price-to-earnings ratio of -1.27 and a beta of 1.14. Gevo has a 52 week low of $1.13 and a 52 week high of $2.97. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $1.49 and a 200 day moving average of $1.62.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $46.50 million for the quarter, compared to analyst estimates of $46.40 million. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. As a group, sell-side analysts anticipate that Gevo will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at Gevo

In other news, Director Patrick R. Gruber sold 247,642 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $1.51, for a total value of $373,939.42. Following the completion of the transaction, the director directly owned 3,323,788 shares in the company, valued at $5,018,919.88. This trade represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Oluwagbemileke Agiri sold 18,223 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $1.54, for a total transaction of $28,063.42. Following the transaction, the chief financial officer directly owned 472,893 shares of the company’s stock, valued at $728,255.22. This represents a 3.71% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 313,286 shares of company stock worth $476,443. 7.09% of the stock is owned by insiders.

Institutional Trading of Gevo

Several large investors have recently made changes to their positions in GEVO. Bank of New York Mellon Corp purchased a new position in shares of Gevo during the second quarter worth $926,000. J. Derek Lewis & Associates Inc. lifted its position in Gevo by 23.0% during the first quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock valued at $1,461,000 after purchasing an additional 100,000 shares during the period. Bank of America Corp DE lifted its position in Gevo by 166.1% during the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock valued at $5,970,000 after purchasing an additional 1,364,924 shares during the period. Amundi lifted its position in Gevo by 25.6% during the first quarter. Amundi now owns 135,539 shares of the energy company’s stock valued at $370,000 after purchasing an additional 27,636 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Gevo by 153.8% in the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after purchasing an additional 1,342,400 shares during the last quarter. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Company Profile

Gevo, Inc is a renewable fuels and chemicals company focused on producing low-carbon alternatives to petroleum-based products. The company develops technologies that convert renewable raw materials, including carbohydrates and other bio-based feedstocks, into hydrocarbons and alcohols for use in transportation fuels, chemicals and materials.

Gevo’s product and technology portfolio has included renewable isobutanol, ethanol, sustainable aviation fuel and other renewable hydrocarbons. The company also develops renewable natural gas and related solutions, as well as technologies intended to reduce greenhouse-gas emissions across the fuel and chemical supply chain.