Gevo, Inc. (NASDAQ:GEVO) Receives Average Recommendation of “Hold” from Analysts
by Jessica Moore · The Cerbat GemShares of Gevo, Inc. (NASDAQ:GEVO – Get Free Report) have received a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.4167.
Several analysts recently commented on GEVO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Northland Securities reaffirmed an “outperform” rating and set a $3.00 price objective on shares of Gevo in a research note on Wednesday, December 31st. Finally, Wall Street Zen downgraded Gevo from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th.
Read Our Latest Research Report on GEVO
Insider Buying and Selling at Gevo
In other Gevo news, COO Christopher Michael Ryan sold 29,797 shares of Gevo stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $2.96, for a total value of $88,199.12. Following the sale, the chief operating officer owned 1,402,141 shares of the company’s stock, valued at $4,150,337.36. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary W. Mize sold 107,100 shares of Gevo stock in a transaction dated 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 sale, the director directly owned 281,226 shares in the company, valued at $655,256.58. This represents a 27.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 272,997 shares of company stock valued at $701,198 in the last 90 days. 6.80% of the stock is currently owned by company insiders.
Institutional Trading of Gevo
Several hedge funds and other institutional investors have recently modified their holdings of GEVO. Millennium Management LLC raised its stake in shares of Gevo by 1.9% in the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock valued at $3,803,000 after purchasing an additional 61,919 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Gevo by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 123,170 shares during the period. Geode Capital Management LLC raised its stake in shares of Gevo by 104.5% in the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after purchasing an additional 2,873,940 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Gevo by 915.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company’s stock valued at $160,000 after purchasing an additional 109,363 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Gevo in the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 35.17% of the company’s stock.
Gevo Stock Performance
Shares of Gevo stock opened at $1.91 on Friday. The company has a market capitalization of $463.79 million, a PE ratio of -14.69 and a beta of 1.20. Gevo has a 12 month low of $1.00 and a 12 month high of $2.97. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $2.09 and its 200 day simple moving average is $2.13.
Gevo (NASDAQ:GEVO – Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $45.35 million for the quarter, compared to the consensus estimate of $43.52 million. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%. On average, research analysts predict that Gevo will post -0.42 EPS for the current year.
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.