ValuEngine Lowers Gevo (GEVO) to Hold

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ValuEngine lowered shares of Gevo (NASDAQ:GEVO) from a buy rating to a hold rating in a research note issued to investors on Monday.

Separately, Zacks Investment Research raised shares of Gevo from a sell rating to a hold rating in a research note on Tuesday, January 8th.

Shares of NASDAQ GEVO opened at $2.18 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 7.15 and a current ratio of 7.74. Gevo has a 52 week low of $1.79 and a 52 week high of $24.74.

Gevo (NASDAQ:GEVO) last issued its earnings results on Wednesday, March 27th. The energy company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.21). Gevo had a negative return on equity of 26.09% and a negative net margin of 85.13%. The firm had revenue of $6.63 million during the quarter, compared to analysts’ expectations of $8.02 million. On average, analysts predict that Gevo will post -1.91 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC increased its stake in shares of Gevo by 69.1% in the third quarter. Virtu Financial LLC now owns 38,290 shares of the energy company’s stock worth $152,000 after buying an additional 15,651 shares during the period. KBC Group NV increased its position in Gevo by 226.3% during the 4th quarter. KBC Group NV now owns 48,033 shares of the energy company’s stock valued at $94,000 after purchasing an additional 33,313 shares during the period. Vanguard Group Inc. increased its position in Gevo by 596.4% during the 3rd quarter. Vanguard Group Inc. now owns 91,617 shares of the energy company’s stock valued at $363,000 after purchasing an additional 78,461 shares during the period. Vanguard Group Inc increased its position in Gevo by 596.4% during the 3rd quarter. Vanguard Group Inc now owns 91,617 shares of the energy company’s stock valued at $363,000 after purchasing an additional 78,461 shares during the period. Finally, BlackRock Inc. increased its position in Gevo by 4,086.6% during the 3rd quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock valued at $614,000 after purchasing an additional 151,368 shares during the period. 12.36% of the stock is currently owned by institutional investors.

Gevo Company Profile

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

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