Gevo, Inc. (NASDAQ:GEVO) Stock Has Average Price Target of $2.55 According to Brokerages

Gevo, Inc. (NASDAQ:GEVO) has received a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $2.55.

A number of equities analysts have issued reports on the stock. Northland Securities set a $3.75 target price on shares of Gevo in a report on Thursday, July 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $1.90 price objective on shares of Gevo in a report on Friday, August 14th. Zacks Research upgraded shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings downgraded Gevo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 16th. Finally, Wall Street Zen downgraded shares of Gevo from a “sell” rating to a “strong sell” rating in a research report on Saturday.

Insider Activity at Gevo

In related news, Director Patrick Gruber sold 247,642 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $1.51, for a total transaction of $373,939.42. Following the transaction, the director directly owned 3,323,788 shares of the company’s stock, valued at approximately $5,018,919.88. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul Bloom sold 31,096 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.55, for a total transaction of $48,198.80. Following the transaction, the chief executive officer owned 1,452,303 shares in the company, valued at approximately $2,251,069.65. This represents a 2.10% decrease in their ownership of the stock. 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 three months, insiders have sold 313,286 shares of company stock valued at $476,443. 7.09% of the stock is owned by company insiders.

Institutional Trading of Gevo

Several large investors have recently made changes to their positions in GEVO. Bank of America Corp DE grew its stake in Gevo by 166.1% in the 1st quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock valued at $5,970,000 after buying an additional 1,364,924 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Gevo by 153.8% in the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after purchasing an additional 1,342,400 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Gevo during the 2nd quarter worth about $926,000. J. Derek Lewis & Associates Inc. bought a new position in Gevo during the fourth quarter worth about $870,000. Finally, Amundi boosted its stake in Gevo by 25.6% in the 1st quarter. Amundi now owns 135,539 shares of the energy company’s stock valued at $370,000 after buying an additional 27,636 shares in the last quarter. Institutional investors own 35.17% of the company’s stock.

Gevo Price Performance

Shares of GEVO stock opened at $1.33 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.70 and a quick ratio of 2.19. The firm has a market cap of $328.83 million, a P/E ratio of -1.49 and a beta of 1.05. Gevo has a 1-year low of $1.31 and a 1-year high of $2.97. The firm has a fifty day moving average of $1.57 and a two-hundred day moving average of $1.73.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%.The firm had revenue of $46.50 million for the quarter, compared to analysts’ expectations of $46.40 million. As a group, research analysts anticipate that Gevo will post -0.37 earnings per share for the current fiscal year.

Gevo Company Profile

Gevo, Inc is a renewable fuels and chemicals company that develops alternatives to petroleum-based products. Its technology platform is designed to convert renewable carbohydrate feedstocks into alcohols and hydrocarbon-based fuels and chemicals, including sustainable aviation fuel, renewable gasoline and other low-carbon products.

The company also produces ethanol, animal feed and corn oil through its Gevo North Dakota operations. Gevo has pursued technologies and projects intended to reduce the lifecycle carbon intensity of its products, including the use of renewable energy, carbon capture and sequestration, and renewable natural gas.