Key Points
- Gevo director James Barber purchased 50,000 shares at an average price of $1.54, investing $77,000 and increasing his holdings by 71.43% to 120,000 shares.
- GEVO shares opened at $1.53, near their 50-day average, with a market capitalization of approximately $378 million and a 12-month trading range of $1.37 to $2.97.
- Gevo slightly beat quarterly earnings expectations, reporting a loss of $0.01 per share and $46.5 million in revenue, while analysts maintain a consensus “Hold” rating with a $2.55 target price.
Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider David Michael Kettner acquired 12,500 shares of the company's stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $1.55 per share, for a total transaction of $19,375.00. Following the purchase, the insider directly owned 276,788 shares of the company's stock, valued at approximately $429,021.40. This trade represents a 4.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Gevo Stock Performance
NASDAQ GEVO opened at $1.53 on Tuesday. Gevo, Inc. has a 52-week low of $1.37 and a 52-week high of $2.97. The stock has a market cap of $378.28 million, a PE ratio of -1.72 and a beta of 1.04. The firm has a 50-day moving average of $1.53 and a 200-day moving average of $1.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.19 and a current ratio of 2.70.
Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $46.50 million for the quarter, compared to analysts' expectations of $46.40 million. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. On average, sell-side analysts anticipate that Gevo, Inc. will post -0.72 EPS for the current year.
Institutional Trading of Gevo
Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of Gevo by 153.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company's stock worth $6,047,000 after acquiring an additional 1,342,400 shares during the period. J. Derek Lewis & Associates Inc. bought a new position in Gevo in the fourth quarter valued at approximately $870,000. Bank of America Corp DE increased its stake in Gevo by 166.1% in the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company's stock valued at $5,970,000 after acquiring an additional 1,364,924 shares during the last quarter. Amundi raised its position in Gevo by 25.6% during the first quarter. Amundi now owns 135,539 shares of the energy company's stock valued at $370,000 after purchasing an additional 27,636 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Gevo by 69.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 36,961 shares of the energy company's stock valued at $74,000 after purchasing an additional 15,106 shares in the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. UBS Group restated a "neutral" rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. HC Wainwright reiterated a "buy" rating on shares of Gevo in a research note on Tuesday, May 26th. Jefferies Financial Group reissued a "hold" rating and issued a $1.90 price objective on shares of Gevo in a report on Friday, August 14th. Zacks Research upgraded shares of Gevo from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Gevo in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gevo has an average rating of "Hold" and an average price target of $2.55.
Read Our Latest Stock Report on GEVO
Gevo Company Profile
(
Get Free Report)
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.
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