Gevo, Inc. (NASDAQ:GEVO – Free Report) – Equities researchers at Northland Capmk issued their Q3 2023 EPS estimates for Gevo in a note issued to investors on Monday, August 21st. Northland Capmk analyst A. Sinha expects that the energy company will post earnings per share of ($0.06) for the quarter. The consensus estimate for Gevo’s current full-year earnings is ($0.25) per share. Northland Capmk also issued estimates for Gevo’s Q4 2023 earnings at ($0.06) EPS, FY2023 earnings at ($0.28) EPS, Q1 2024 earnings at ($0.05) EPS, Q2 2024 earnings at ($0.05) EPS, Q3 2024 earnings at ($0.05) EPS, Q4 2024 earnings at ($0.06) EPS and FY2024 earnings at ($0.24) EPS.
Gevo (NASDAQ:GEVO – Get Free Report) last posted its quarterly earnings results on Thursday, August 10th. The energy company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Gevo had a negative net margin of 1,105.89% and a negative return on equity of 16.82%. The firm had revenue of $4.24 million for the quarter, compared to the consensus estimate of $4.39 million. During the same period last year, the firm posted ($0.06) earnings per share.
A number of other equities research analysts have also recently weighed in on the stock. HC Wainwright dropped their price target on shares of Gevo from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 11th. Stifel Nicolaus lifted their price target on shares of Gevo from $3.00 to $3.40 and gave the company a “buy” rating in a research report on Tuesday. Finally, Northland Securities initiated coverage on shares of Gevo in a research report on Monday. They set a “market perform” rating and a $2.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.79.
Gevo Stock Performance
Gevo stock opened at $1.43 on Wednesday. Gevo has a 12-month low of $1.01 and a 12-month high of $3.34. The company has a 50-day moving average price of $1.56 and a 200 day moving average price of $1.52.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. GTS Securities LLC purchased a new position in Gevo in the second quarter worth approximately $80,000. Alliancebernstein L.P. lifted its stake in Gevo by 20.4% in the second quarter. Alliancebernstein L.P. now owns 340,960 shares of the energy company’s stock worth $518,000 after acquiring an additional 57,660 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Gevo by 23.6% during the 2nd quarter. Wells Fargo & Company MN now owns 287,097 shares of the energy company’s stock worth $436,000 after buying an additional 54,736 shares during the last quarter. Caxton Associates LP purchased a new stake in shares of Gevo during the 2nd quarter worth approximately $430,000. Finally, Royal Bank of Canada lifted its position in shares of Gevo by 201.1% during the 2nd quarter. Royal Bank of Canada now owns 37,396 shares of the energy company’s stock worth $56,000 after buying an additional 24,978 shares during the last quarter. Hedge funds and other institutional investors own 42.67% of the company’s stock.
Insider Activity at Gevo
In related news, CEO Patrick R. Gruber sold 104,488 shares of Gevo stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $1.65, for a total value of $172,405.20. Following the completion of the transaction, the chief executive officer now owns 2,392,271 shares in the company, valued at $3,947,247.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Christopher Michael Ryan sold 36,551 shares of Gevo stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $1.65, for a total value of $60,309.15. Following the completion of the transaction, the chief operating officer now owns 1,012,059 shares in the company, valued at $1,669,897.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick R. Gruber sold 104,488 shares of Gevo stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $1.65, for a total transaction of $172,405.20. Following the completion of the transaction, the chief executive officer now owns 2,392,271 shares of the company’s stock, valued at approximately $3,947,247.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 200,908 shares of company stock worth $329,621. Corporate insiders own 3.55% of the company’s stock.
Gevo Company Profile
Gevo, Inc operates as a renewable fuels company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company offers renewable gasoline and diesel, isooctane, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.