Gevo, Inc. (NASDAQ:GEVO) Insider Sells $63,779.07 in Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gevo Trading Up 10.5 %

Shares of NASDAQ GEVO opened at $1.90 on Friday. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $1.05. The firm has a market cap of $454.99 million, a PE ratio of -5.94 and a beta of 2.94. Gevo, Inc. has a twelve month low of $0.48 and a twelve month high of $3.39.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period in the prior year, the business posted ($0.06) EPS. Analysts expect that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GEVO. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Friday, October 18th. UBS Group raised their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Institutional Investors Weigh In On Gevo

A number of hedge funds have recently made changes to their positions in GEVO. Bayesian Capital Management LP purchased a new stake in shares of Gevo during the 1st quarter worth $27,000. Lauterbach Financial Advisors LLC purchased a new stake in Gevo in the third quarter valued at about $29,000. Alternative Investment Advisors LLC. purchased a new stake in Gevo in the second quarter valued at about $51,000. Point72 DIFC Ltd acquired a new position in shares of Gevo in the second quarter valued at about $64,000. Finally, Paloma Partners Management Co acquired a new position in shares of Gevo in the first quarter valued at about $74,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Company Profile

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.