Gevo, Inc. (NASDAQ:GEVO) Receives $6.42 Consensus Price Target from Brokerages

by · The Cerbat Gem

Shares of Gevo, Inc. (NASDAQ:GEVO – Get Free Report) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $6.4167.

A number of equities analysts have weighed in on GEVO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Wednesday, October 8th. Wall Street Zen upgraded Gevo from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Northland Securities initiated coverage on Gevo in a research report on Monday, December 1st. They set an “outperform” rating and a $3.00 price objective for the company. Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, UBS Group raised their price target on Gevo from $1.15 to $2.25 and gave the company a “neutral” rating in a report on Wednesday, September 17th.

Read Our Latest Stock Report on Gevo

Insider Buying and Selling at Gevo

In other news, Director Angelo Amorelli sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $2.50, for a total value of $250,000.00. Following the transaction, the director owned 2,942 shares in the company, valued at approximately $7,355. This represents a 97.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew Shafer sold 29,797 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $2.28, for a total transaction of $67,937.16. Following the sale, the insider owned 285,823 shares in the company, valued at approximately $651,676.44. The trade was a 9.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 397,954 shares of company stock worth $941,982 in the last 90 days. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in shares of Gevo during the second quarter valued at $26,000. BNP Paribas Financial Markets raised its position in Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after buying an additional 12,136 shares during the last quarter. Legal & General Group Plc bought a new position in Gevo during the 2nd quarter valued at about $28,000. Mackenzie Financial Corp purchased a new stake in shares of Gevo during the 3rd quarter valued at about $29,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Gevo during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Stock Performance

Shares of Gevo stock opened at $2.29 on Monday. Gevo has a 12 month low of $0.92 and a 12 month high of $2.98. The firm has a market capitalization of $554.89 million, a P/E ratio of -11.45 and a beta of 1.44. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $2.20 and a two-hundred day simple moving average of $1.75.

Gevo (NASDAQ:GEVO – Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. The company had revenue of $42.71 million during the quarter, compared to analyst estimates of $26.82 million. On average, equities analysts forecast that Gevo will post -0.42 earnings per share for the current fiscal year.

About Gevo

(Get Free Report)

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

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