Gevo (NASDAQ:GEVO) Downgraded by ValuEngine

ValuEngine cut shares of Gevo (NASDAQ:GEVO) from a buy rating to a hold rating in a report issued on Friday, ValuEngine reports.

Other equities research analysts also recently issued research reports about the stock. HC Wainwright reiterated a buy rating and issued a $10.00 target price on shares of Gevo in a research report on Thursday, August 15th. Zacks Investment Research downgraded shares of Gevo from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

GEVO stock opened at $2.58 on Friday. Gevo has a 12-month low of $1.79 and a 12-month high of $4.97. The company has a market cap of $30.68 million, a price-to-earnings ratio of -0.49 and a beta of 2.70. The company has a 50 day moving average of $2.41 and a two-hundred day moving average of $2.26.

In related news, insider Timothy J. Cesarek bought 25,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was bought at an average price of $1.91 per share, for a total transaction of $47,750.00. Following the transaction, the insider now directly owns 30,000 shares in the company, valued at $57,300. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.41% of the stock is owned by corporate insiders.

A hedge fund recently bought a new stake in Gevo stock. Wedbush Securities Inc. bought a new position in Gevo Inc (NASDAQ:GEVO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,500 shares of the energy company’s stock, valued at approximately $67,000. Wedbush Securities Inc. owned approximately 0.26% of Gevo as of its most recent SEC filing. 6.91% of the stock is owned by institutional investors.

About Gevo

Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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