Gevo (NASDAQ:GEVO) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Gevo (NASDAQ:GEVO) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently issued reports on the company. Weiss Ratings raised Gevo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. Jefferies Financial Group raised Gevo to a “hold” rating in a research report on Tuesday, September 29th. Finally, HC Wainwright reiterated a “buy” rating on shares of Gevo in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.55.

Gevo Trading Down 1.6%

GEVO stock traded down $0.03 during trading on Friday, hitting $1.83. The company had a trading volume of 3,922,949 shares, compared to its average volume of 4,960,703. The firm has a market capitalization of $452.71 million, a P/E ratio of -2.38 and a beta of 1.13. Gevo has a 52-week low of $1.08 and a 52-week high of $2.97. The company has a 50 day simple moving average of $1.37 and a 200-day simple moving average of $1.69. The company has a quick ratio of 2.19, a current ratio of 2.04 and a debt-to-equity ratio of 0.56.

Insider Activity at Gevo

In other Gevo news, Director James Barber purchased 50,000 shares of Gevo stock in a transaction dated Friday, August 21st. The stock was acquired at an average price of $1.54 per share, for a total transaction of $77,000.00. Following the acquisition, the director owned 120,000 shares in the company, valued at $184,800. This trade represents a 71.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 6,068 shares of company stock valued at $10,343. Insiders own 7.09% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of large investors have recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Gevo during the first quarter worth $28,000. Sigma Planning Corp purchased a new position in shares of Gevo in the 1st quarter valued at $46,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Gevo in the 1st quarter valued at $49,000. Caxton Associates LLP bought a new position in shares of Gevo in the 1st quarter worth $153,000. Finally, HighTower Advisors LLC raised its position in shares of Gevo by 30.7% in the 3rd quarter. HighTower Advisors LLC now owns 147,816 shares of the energy company’s stock worth $194,000 after acquiring an additional 34,681 shares in the last quarter. Institutional investors own 35.17% of the company’s stock.

About Gevo

Gevo, Inc. is a renewable fuels and chemicals company focused on producing lower-carbon alternatives to petroleum-based products. Its activities include developing and operating facilities that convert renewable feedstocks into fuels, chemicals and other products. The company’s product portfolio includes alcohol-to-jet sustainable aviation fuel, renewable gasoline and diesel, and isobutanol, which can be used in fuels and chemical applications. Its operations also include ethanol production and related animal-feed products.