Gevo (NASDAQ:GEVO) Raised to Hold at Zacks Research

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

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. HC Wainwright reiterated a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. UBS Group reissued 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 restated a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. Finally, Northland Securities set a $3.50 target price on Gevo and gave the company an “outperform” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Gevo presently has a consensus rating of “Hold” and an average price target of $2.75.

Gevo Trading Up 1.4%

Shares of Gevo stock opened at $1.48 on Tuesday. The stock has a market capitalization of $360.25 million, a PE ratio of -11.38 and a beta of 1.02. Gevo has a 52 week low of $1.12 and a 52 week high of $2.97. The stock has a 50 day moving average price of $1.64 and a two-hundred day moving average price of $1.90. 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 (NASDAQ:GEVO) last posted its earnings results 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 business had revenue of $42.95 million during the quarter, compared to analyst estimates of $44.90 million. As a group, equities analysts anticipate that Gevo will post -0.11 earnings per share for the current fiscal year.

Insider Transactions at Gevo

In other Gevo news, Director Patrick R. Gruber sold 186,469 shares of Gevo stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1.76, for a total transaction of $328,185.44. Following the completion of the transaction, the director owned 3,728,993 shares of the company’s stock, valued at $6,563,027.68. The trade was a 4.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, CFO Oluwagbemileke Yusuf Agiri sold 63,028 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $1.40, for a total transaction of $88,239.20. Following the completion of the transaction, the chief financial officer directly owned 491,116 shares of the company’s stock, valued at approximately $687,562.40. The trade was a 11.37% 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. Over the last ninety days, insiders sold 765,362 shares of company stock valued at $1,236,411. 7.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GEVO. Key Client Fiduciary Advisors LLC bought a new position in shares of Gevo during the 4th quarter valued at $25,000. Berger Financial Group Inc purchased a new position in shares of Gevo during the fourth quarter valued at about $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Gevo in the first quarter worth $28,000. BNP Paribas Financial Markets grew its holdings in 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. Finally, Franklin Resources Inc. bought a new position in Gevo during the 4th quarter valued at approximately $28,000. 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.