Gevo, Inc. (NASDAQ:GEVO – Get Free Report) has been given an average recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $2.75.
Several equities research analysts recently weighed in on the company. Zacks Research downgraded Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. HC Wainwright reissued a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Northland Securities set a $3.50 price objective on Gevo and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, UBS Group reissued a “neutral” rating and set a $2.00 price objective (down from $2.25) on shares of Gevo in a report on Friday, May 22nd.
View Our Latest Stock Analysis on GEVO
Gevo Trading Up 3.4%
Gevo (NASDAQ:GEVO – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. The firm had revenue of $42.95 million for the quarter, compared to analyst estimates of $44.90 million. As a group, sell-side analysts expect that Gevo will post -0.11 EPS for the current fiscal year.
Insider Activity
In other Gevo news, CEO Paul D. Bloom sold 75,735 shares of Gevo stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1.76, for a total transaction of $133,293.60. Following the transaction, the chief executive officer directly owned 1,518,588 shares of the company’s stock, valued at approximately $2,672,714.88. The trade was a 4.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, Director Patrick R. Gruber sold 186,469 shares of Gevo stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1.76, for a total value of $328,185.44. Following the transaction, the director directly owned 3,728,993 shares in the company, valued at $6,563,027.68. The trade was a 4.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 sold 900,709 shares of company stock worth $1,615,651. 7.09% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Gevo during the 1st quarter worth about $28,000. Key Client Fiduciary Advisors LLC acquired a new position in Gevo during the 4th quarter worth about $25,000. Berger Financial Group Inc acquired a new position in Gevo during the 4th quarter worth about $26,000. Franklin Resources Inc. acquired a new position in Gevo during the 4th quarter worth about $28,000. Finally, Mackenzie Financial Corp acquired a new position in Gevo during the 3rd quarter worth about $29,000. 35.17% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Gevo
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.
