Northland Securities Initiates Coverage on Gevo (NASDAQ:GEVO)

Research analysts at Northland Securities assumed coverage on shares of Gevo (NASDAQ:GEVO) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $3.00 price target on the energy company’s stock. Northland Securities’ price target suggests a potential upside of 38.89% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. HC Wainwright reiterated a “buy” rating on shares of Gevo in a report on Wednesday, October 15th. UBS Group boosted their price objective on Gevo from $1.15 to $2.25 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Wall Street Zen raised shares of Gevo from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.42.

Gevo Stock Up 1.4%

NASDAQ GEVO opened at $2.16 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.60. The company has a market capitalization of $523.39 million, a P/E ratio of -10.80 and a beta of 1.44. Gevo has a 12 month low of $0.92 and a 12 month high of $2.98. The company’s 50 day simple moving average is $2.19 and its 200 day simple moving average is $1.72.

Gevo (NASDAQ:GEVO) last issued its earnings results on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $42.71 million during the quarter, compared to analysts’ expectations of $26.82 million. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%. Equities research analysts expect that Gevo will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gevo news, insider Andrew Shafer sold 29,797 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $2.28, for a total transaction of $67,937.16. Following the sale, the insider directly owned 285,823 shares in the company, valued at approximately $651,676.44. This trade represents a 9.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Christopher Michael Ryan sold 100,000 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $2.82, for a total value of $282,000.00. Following the transaction, the chief operating officer owned 1,531,938 shares of the company’s stock, valued at approximately $4,320,065.16. This trade represents a 6.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 404,072 shares of company stock valued at $950,188. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gevo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEVO. International Assets Investment Management LLC acquired a new position in shares of Gevo during the 2nd quarter worth approximately $26,000. BNP Paribas Financial Markets lifted its holdings in shares of Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after buying an additional 12,136 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Gevo during the second quarter worth approximately $28,000. Mackenzie Financial Corp acquired a new stake in Gevo during the third quarter worth approximately $29,000. Finally, Engineers Gate Manager LP acquired a new position in Gevo in the 2nd quarter valued at $30,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

About Gevo

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.