Gevo (NASDAQ:GEVO) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Gevo (NASDAQ:GEVO) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other research analysts have also commented on the stock. Northland Securities set a $3.50 price objective on shares of Gevo and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. Wall Street Zen downgraded Gevo from a “hold” rating to a “strong sell” rating in a research report on Sunday, May 10th. UBS Group reiterated 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. Finally, HC Wainwright reissued a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.75.

Gevo Trading Up 1.4%

Shares of NASDAQ GEVO opened at $1.48 on Tuesday. Gevo has a 1-year low of $1.12 and a 1-year high of $2.97. The business has a fifty day moving average price of $1.64 and a 200 day moving average price of $1.90. The stock has a market capitalization of $360.25 million, a P/E ratio of -11.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, May 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $44.90 million. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. Equities research analysts expect that Gevo will post -0.11 EPS for the current fiscal year.

Insider Activity at Gevo

In other news, CFO Oluwagbemileke Yusuf Agiri sold 63,028 shares of Gevo stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $1.40, for a total transaction of $88,239.20. Following the sale, the chief financial officer owned 491,116 shares of the company’s stock, valued at approximately $687,562.40. The trade was a 11.37% decrease in their position. The transaction 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. Also, COO Christopher Michael Ryan sold 87,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1.76, for a total transaction of $154,352.00. Following the completion of the transaction, the chief operating officer owned 1,314,441 shares in the company, valued at approximately $2,313,416.16. This represents a 6.25% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 765,362 shares of company stock valued at $1,236,411 over the last ninety days. Corporate insiders own 7.09% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of hedge funds and other institutional investors have recently made changes to their positions in GEVO. Key Client Fiduciary Advisors LLC purchased a new position in shares of Gevo in the 4th quarter valued at approximately $25,000. Berger Financial Group Inc purchased a new position in Gevo in the 4th quarter valued at $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Gevo in the 1st quarter valued at $28,000. BNP Paribas Financial Markets increased its stake in Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after buying an additional 12,136 shares during the period. Finally, Franklin Resources Inc. acquired a new position in Gevo in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

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.