Gevo, Inc. (NASDAQ:GEVO) Insider Andrew Shafer Sells 26,911 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 26,911 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Gevo Price Performance

Shares of NASDAQ GEVO opened at $1.72 on Thursday. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $3.39. The business has a fifty day moving average price of $1.76 and a 200 day moving average price of $1.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GEVO shares. HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of Gevo in a report on Friday, October 18th. UBS Group increased their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GEVO. Millennium Management LLC purchased a new position in Gevo in the second quarter worth $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Gevo during the 2nd quarter worth $295,000. Vanguard Group Inc. grew its stake in Gevo by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after buying an additional 409,693 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Gevo in the second quarter valued at about $112,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gevo in the first quarter worth about $89,000. Institutional investors own 35.17% of the company’s stock.

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.