Gevo, Inc. (NASDAQ:GEVO – Get Free Report) has earned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $2.55.
A number of equities research analysts have recently issued reports on GEVO shares. Wall Street Zen lowered Gevo from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 26th. Northland Securities set a $3.75 price target on Gevo in a report on Thursday, July 16th. Weiss Ratings upgraded Gevo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. Jefferies Financial Group raised shares of Gevo to a “hold” rating in a research report on Tuesday, September 29th. Finally, Zacks Research upgraded shares of Gevo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th.
Gevo Stock Performance
Gevo (NASDAQ:GEVO – Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $46.40 million. As a group, equities research analysts expect that Gevo will post -0.37 earnings per share for the current fiscal year.
Insider Activity
In other Gevo news, CFO Oluwagbemileke Agiri sold 18,223 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.54, for a total value of $28,063.42. Following the transaction, the chief financial officer owned 472,893 shares in the company, valued at $728,255.22. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patrick R. Gruber sold 247,642 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $1.51, for a total transaction of $373,939.42. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 313,286 shares of company stock valued at $476,443 in the last 90 days. Company insiders own 7.09% of the company’s stock.
Institutional Trading of Gevo
Several large investors have recently modified their holdings of GEVO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Gevo in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its stake in Gevo by 69.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 36,961 shares of the energy company’s stock valued at $74,000 after buying an additional 15,106 shares during the period. Sigma Planning Corp bought a new stake in shares of Gevo during the 1st quarter worth about $46,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Gevo during the 1st quarter worth about $49,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Gevo in the 1st quarter worth approximately $51,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.
Gevo Company Profile
Gevo, Inc is a renewable fuels and chemicals company focused on producing low-carbon alternatives to petroleum-based products. The company develops technologies that convert renewable raw materials, including carbohydrates and other bio-based feedstocks, into hydrocarbons and alcohols for use in transportation fuels, chemicals and materials.
Gevo’s product and technology portfolio has included renewable isobutanol, ethanol, sustainable aviation fuel and other renewable hydrocarbons. The company also develops renewable natural gas and related solutions, as well as technologies intended to reduce greenhouse-gas emissions across the fuel and chemical supply chain.
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