Gevo, Inc. (NASDAQ:GEVO) Receives $6.42 Average Price Target from Analysts

Gevo, Inc. (NASDAQ:GEVO) has earned an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $6.4167.

GEVO has been the topic of several research analyst reports. Northland Securities reissued an “outperform” rating and issued a $3.00 price objective on shares of Gevo in a research report on Wednesday, December 31st. Wall Street Zen cut shares of Gevo from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research report on Thursday, January 22nd.

Gevo Stock Down 2.1%

NASDAQ:GEVO opened at $2.38 on Wednesday. The stock has a 50-day simple moving average of $1.98 and a 200 day simple moving average of $2.05. Gevo has a 52-week low of $0.92 and a 52-week high of $2.95. The company has a market cap of $577.91 million, a PE ratio of -18.31 and a beta of 1.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.58 and a current ratio of 1.82.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, March 5th. The energy company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $45.35 million for the quarter, compared to analysts’ expectations of $43.52 million. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%. On average, sell-side analysts expect that Gevo will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Lindsay Clinton Fitzgerald sold 20,000 shares of Gevo stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $2.51, for a total transaction of $50,200.00. Following the completion of the sale, the insider directly owned 212,199 shares of the company’s stock, valued at approximately $532,619.49. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary W. Mize sold 107,100 shares of the company’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 transaction, the director directly owned 281,226 shares in the company, valued at approximately $655,256.58. This represents a 27.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 142,650 shares of company stock worth $332,909. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Key Client Fiduciary Advisors LLC acquired a new position in shares of Gevo during the 4th quarter worth approximately $25,000. Berger Financial Group Inc acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets boosted its stake in shares of Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after buying an additional 12,136 shares during the period. Franklin Resources Inc. bought a new stake in shares of Gevo in the fourth quarter valued at approximately $28,000. Finally, Legal & General Group Plc acquired a new stake in Gevo during the second quarter worth approximately $28,000. Institutional investors and hedge funds 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.