Gevo, Inc. (NASDAQ:GEVO) Given Consensus Rating of "Hold" by Analysts

Shares of Gevo, Inc. (NASDAQ:GEVO - Get Free Report) have received a consensus recommendation of "Hold" from the five ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.4167.

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Several analysts have weighed in on GEVO shares. Wall Street Zen raised Gevo from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Gevo in a research note on Wednesday, October 8th. UBS Group upped their price objective on shares of Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a report on Wednesday, September 17th. Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, HC Wainwright reaffirmed a "buy" rating on shares of Gevo in a research note on Wednesday, October 15th.

Get Our Latest Stock Analysis on GEVO

Gevo Stock Performance

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NASDAQ:GEVO traded up $0.01 during mid-day trading on Monday, hitting $2.15. The stock had a trading volume of 1,015,403 shares, compared to its average volume of 5,069,942. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $2.18 and a 200-day simple moving average of $1.71. The stock has a market capitalization of $519.75 million, a price-to-earnings ratio of -10.72 and a beta of 2.14. Gevo has a 52 week low of $0.92 and a 52 week high of $2.98.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, topping the consensus estimate 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 net margin of 37.33% and a negative return on equity of 9.49%. On average, research analysts expect that Gevo will post -0.42 earnings per share for the current fiscal year.

Insider Activity

• Gevo's Cash Flow, Small Cap Buying Back Shares

In related news, Director Angelo Amorelli sold 100,000 shares of the firm's stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $2.50, for a total transaction of $250,000.00. Following the completion of the transaction, the director owned 2,942 shares of the company's stock, valued at $7,355. This trade represents a 97.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carol Jane Battershell sold 75,597 shares of Gevo stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $2.02, for a total value of $152,705.94. Following the transaction, the director directly owned 278,265 shares in the company, valued at approximately $562,095.30. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 404,072 shares of company stock valued at $950,188 over the last 90 days. Corporate insiders own 6.80% of the company's stock.

Hedge Funds Weigh In On Gevo

Several large investors have recently made changes to their positions in GEVO. CIBC Bancorp USA Inc. bought a new position in shares of Gevo in the third quarter valued at approximately $48,000. Caitong International Asset Management Co. Ltd raised its holdings in Gevo by 343.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 21,855 shares of the energy company's stock worth $43,000 after acquiring an additional 16,926 shares during the period. Brevan Howard Capital Management LP bought a new position in Gevo in the 3rd quarter worth $127,000. Bank of America Corp DE lifted its position in Gevo by 323.7% during the 3rd quarter. Bank of America Corp DE now owns 332,198 shares of the energy company's stock worth $651,000 after acquiring an additional 253,794 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Gevo by 133.9% during the third quarter. Squarepoint Ops LLC now owns 25,804 shares of the energy company's stock valued at $51,000 after acquiring an additional 14,773 shares during the period. Institutional investors own 35.17% of the company's stock.

About Gevo

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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