Gevo, Inc. (NASDAQ:GEVO) Receives $2.88 Average Price Target from Brokerages

by · The Markets Daily

Shares of Gevo, Inc. (NASDAQ:GEVO – Get Free Report) have received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $2.55.

A number of analysts have recently weighed in on the company. Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Friday, July 17th. Wall Street Zen upgraded shares of Gevo from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. UBS Group reissued a “neutral” rating and set a $2.00 price target (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $1.90 price target on shares of Gevo in a report on Friday.

Check Out Our Latest Stock Analysis on GEVO

Gevo Trading Up 4.3%

NASDAQ GEVO opened at $1.69 on Friday. Gevo has a 1-year low of $1.37 and a 1-year high of $2.97. The company has a current ratio of 2.70, a quick ratio of 3.51 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $1.52 and a 200-day moving average of $1.81. The firm has a market cap of $417.83 million, a PE ratio of -1.90 and a beta of 1.04.

Gevo (NASDAQ:GEVO – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $46.50 million for the quarter, compared to analyst estimates of $46.40 million. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%. As a group, sell-side analysts forecast that Gevo will post -0.51 EPS for the current year.

Insider Activity

In related news, CEO Paul D. Bloom sold 75,735 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1.76, for a total transaction of $133,293.60. Following the transaction, the chief executive officer owned 1,518,588 shares in the company, valued at $2,672,714.88. The trade was a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, insider Andrew Shafer sold 32,667 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1.76, for a total value of $57,493.92. Following the transaction, the insider directly owned 321,051 shares of the company’s stock, valued at $565,049.76. The trade was a 9.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 quarter, insiders sold 1,067,030 shares of company stock valued at $1,691,411. 7.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gevo

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its stake in shares of Gevo by 1.9% during the first 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. lifted its stake in Gevo by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 123,170 shares during the period. JPMorgan Chase & Co. lifted its stake in Gevo by 915.8% in the second quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company’s stock worth $160,000 after acquiring an additional 109,363 shares during the period. Legal & General Group Plc purchased a new stake in Gevo in the second quarter worth $28,000. Finally, Rhumbline Advisers bought a new stake in Gevo in the second quarter valued at $383,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

About Gevo

(Get Free Report)

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.

Featured Stories