Gevo (NASDAQ:GEVO) Rating Increased to Hold at Zacks Research

Gevo (NASDAQ:GEVO) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on GEVO. Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. HC Wainwright restated a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. UBS Group restated a “neutral” rating and set a $2.00 target price (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research report on Tuesday, April 21st. Finally, Northland Securities set a $3.50 price objective on shares of Gevo and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.75.

Gevo Stock Performance

NASDAQ:GEVO opened at $1.48 on Tuesday. The company has a quick ratio of 3.51, a current ratio of 4.31 and a debt-to-equity ratio of 0.37. Gevo has a fifty-two week low of $1.12 and a fifty-two week high of $2.97. The stock has a market cap of $360.25 million, a PE ratio of -11.38 and a beta of 1.02. The firm’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $1.90.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. The company had revenue of $42.95 million during the quarter, compared to analyst estimates of $44.90 million. Analysts expect that Gevo will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other Gevo news, CFO Oluwagbemileke Yusuf Agiri sold 63,028 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $1.40, for a total transaction of $88,239.20. Following the transaction, the chief financial officer owned 491,116 shares of the company’s stock, valued at $687,562.40. This represents a 11.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Christopher Michael Ryan sold 87,700 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1.76, for a total value of $154,352.00. Following the sale, the chief operating officer owned 1,314,441 shares in the company, valued at $2,313,416.16. This trade represents a 6.25% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 765,362 shares of company stock valued at $1,236,411. 7.09% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

Hedge funds have recently added to or reduced their stakes in the business. J. Derek Lewis & Associates Inc. purchased a new position in shares of Gevo during the 4th quarter worth about $870,000. Caitong International Asset Management Co. Ltd increased its position in Gevo by 69.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 36,961 shares of the energy company’s stock worth $74,000 after purchasing an additional 15,106 shares during the last quarter. Key Client Fiduciary Advisors LLC acquired a new position in Gevo during the fourth quarter worth approximately $25,000. Franklin Resources Inc. acquired a new position in Gevo during the fourth quarter worth approximately $28,000. Finally, BNP Paribas Financial Markets raised its stake in 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 purchasing an additional 12,136 shares during the period. 35.17% of the stock is owned by institutional investors and hedge funds.

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.