Brokerages Set Gevo, Inc. (NASDAQ:GEVO) PT at $6.42

Gevo, Inc. (NASDAQ:GEVO) has received an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.4167.

A number of equities research analysts have recently issued reports on GEVO shares. Wall Street Zen cut Gevo from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a report on Thursday, January 22nd. Finally, Northland Securities restated an “outperform” rating and set a $3.00 price objective on shares of Gevo in a report on Wednesday, December 31st.

Insider Transactions at Gevo

In other news, COO Christopher Michael Ryan sold 29,797 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $2.96, for a total transaction of $88,199.12. Following the completion of the sale, the chief operating officer owned 1,402,141 shares in the company, valued at $4,150,337.36. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary W. Mize sold 107,100 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $2.33, for a total value of $249,543.00. Following the sale, the director owned 281,226 shares of the company’s stock, valued at approximately $655,256.58. This represents a 27.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 272,997 shares of company stock worth $701,198 over the last quarter. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently bought and sold shares of the business. J. Derek Lewis & Associates Inc. bought a new position in Gevo during the fourth quarter worth about $870,000. Caitong International Asset Management Co. Ltd increased its position in Gevo by 250.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 76,538 shares of the energy company’s stock worth $153,000 after acquiring an additional 54,683 shares during the period. Virtu Financial LLC bought a new position in Gevo during the fourth quarter worth about $203,000. Invesco Ltd. increased its position in Gevo by 41.3% during the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after acquiring an additional 1,719,381 shares during the period. Finally, Corient Private Wealth LLC increased its position in Gevo by 83.0% during the fourth quarter. Corient Private Wealth LLC now owns 20,950 shares of the energy company’s stock worth $42,000 after acquiring an additional 9,500 shares during the period. 35.17% of the stock is owned by institutional investors.

Gevo Price Performance

NASDAQ:GEVO opened at $1.97 on Friday. Gevo has a one year low of $0.97 and a one year high of $2.97. The company has a market cap of $478.36 million, a P/E ratio of -15.15 and a beta of 1.20. The firm’s fifty day moving average price is $2.09 and its two-hundred day moving average price is $2.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.58.

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

About Gevo

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.