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

Gevo, Inc. (NASDAQ:GEVO) has earned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.50.

Several brokerages have recently commented on GEVO. Wall Street Zen lowered Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. Northland Securities set a $3.50 price target on Gevo and gave the company an “outperform” rating in a research note on Thursday, April 16th. UBS Group reaffirmed a “neutral” rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a research note on Friday. Finally, Zacks Research lowered Gevo from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th.

Gevo Stock Performance

NASDAQ GEVO opened at $1.77 on Monday. The stock’s fifty day moving average is $2.04 and its two-hundred day moving average is $2.04. The firm has a market capitalization of $430.84 million, a P/E ratio of -13.62 and a beta of 1.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.51 and a current ratio of 4.31. Gevo has a fifty-two week low of $1.07 and a fifty-two week high of $2.97.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%.The company had revenue of $42.95 million for the quarter, compared to analyst estimates of $44.90 million. On average, research analysts anticipate that Gevo will post -0.12 earnings per share for the current year.

Insider Activity

In other news, insider Lindsay Clinton Fitzgerald sold 20,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $2.51, for a total value of $50,200.00. Following the transaction, the insider owned 212,199 shares of the company’s stock, valued at $532,619.49. This represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary W. Mize sold 107,100 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $2.33, for a total value of $249,543.00. Following the completion of the sale, the director owned 281,226 shares in the company, valued at $655,256.58. This represents a 27.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 273,547 shares of company stock valued at $702,348 in the last quarter. Insiders own 7.09% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently modified their holdings of GEVO. Millennium Management LLC raised its holdings in shares of Gevo by 1.9% in the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock valued at $3,803,000 after buying an additional 61,919 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Gevo by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock valued at $1,351,000 after buying an additional 123,170 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Gevo by 915.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company’s stock valued at $160,000 after buying an additional 109,363 shares during the period. Legal & General Group Plc purchased a new stake in shares of Gevo in the 2nd quarter valued at $28,000. Finally, Rhumbline Advisers purchased a new stake in shares of Gevo in the 2nd quarter valued at $383,000. 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.