Gevo (NASDAQ:GEVO) Earns Outperform Rating from Analysts at Northland Securities

Northland Securities initiated coverage on Gevo with an "outperform" rating and a $3.00 target price, indicating a potential 40.52% upside. Other analysts have mixed ratings, with a consensus "Hold" and a target price of $6.42. Gevo's stock recently traded at $2.14, with a market cap of $517.33 million. Insiders have sold shares recently, and institutional investors have adjusted their positions. Gevo reported better-than-expected earnings last quarter.

Research analysts at Northland Securities began coverage on shares of Gevo (NASDAQ:GEVO - Get Free Report) in a research report issued on Monday. The firm set an "outperform" rating and a $3.00 price target on the energy company's stock. Northland Securities' target price points to a potential upside of 40.52% from the company's previous close.

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Several other brokerages also recently commented on GEVO. Weiss Ratings reiterated a "sell (d-)" rating on shares of Gevo in a report on Wednesday, October 8th. HC Wainwright reaffirmed a "buy" rating on shares of Gevo in a research report on Wednesday, October 15th. Zacks Research raised Gevo from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Wall Street Zen raised Gevo from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, UBS Group upped their price target on Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a report on Wednesday, September 17th. Two equities 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.42.

View Our Latest Stock Report on Gevo

Gevo Stock Down 0.2%

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Shares of NASDAQ GEVO traded down $0.01 during mid-day trading on Monday, reaching $2.14. The company had a trading volume of 468,288 shares, compared to its average volume of 5,066,345. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.91. The company has a market capitalization of $517.33 million, a price-to-earnings ratio of -10.72 and a beta of 2.14. The stock has a fifty day moving average of $2.18 and a two-hundred day moving average of $1.71. Gevo has a 12-month low of $0.92 and a 12-month high of $2.98.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The firm had revenue of $42.71 million during the quarter, compared to analysts' expectations of $26.82 million. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%. As a group, equities research analysts expect that Gevo will post -0.42 EPS for the current year.

Insider Buying and Selling at Gevo

Gevo's Cash Flow, Small Cap Buying Back Shares

In other news, Director Angelo Amorelli sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $2.50, for a total transaction of $250,000.00. Following the transaction, the director directly owned 2,942 shares in the company, valued at approximately $7,355. This represents a 97.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Shafer sold 29,797 shares of the company's stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $2.28, for a total value of $67,937.16. Following the transaction, the insider directly owned 285,823 shares in the company, valued at approximately $651,676.44. This represents a 9.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 404,072 shares of company stock worth $950,188 over the last ninety days. Company insiders own 6.80% of the company's stock.

Institutional Trading of Gevo

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Gevo by 3.0% during the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company's stock worth $30,350,000 after buying an additional 455,543 shares during the last quarter. Geode Capital Management LLC boosted its stake in Gevo by 104.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company's stock worth $7,424,000 after acquiring an additional 2,873,940 shares during the last quarter. Invesco Ltd. grew its holdings in Gevo by 6.3% during the third quarter. Invesco Ltd. now owns 4,159,485 shares of the energy company's stock valued at $8,153,000 after purchasing an additional 244,983 shares during the period. Millennium Management LLC increased its stake in Gevo by 1.9% in the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock valued at $3,803,000 after purchasing an additional 61,919 shares in the last quarter. Finally, First Bank & Trust bought a new stake in Gevo in the third quarter valued at approximately $6,007,000. Institutional investors own 35.17% of the company's stock.

About Gevo

(Get Free Report)

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

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