Insider Buying: Gevo (NASDAQ:GEVO) Insider Purchases 12,500 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) insider David Michael Kettner purchased 12,500 shares of the stock in a transaction dated Friday, August 21st. The shares were bought at an average price of $1.55 per share, for a total transaction of $19,375.00. Following the completion of the acquisition, the insider owned 276,788 shares in the company, valued at $429,021.40. This represents a 4.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gevo Stock Down 0.6%

Shares of NASDAQ:GEVO traded down $0.01 during midday trading on Monday, hitting $1.53. 1,638,332 shares of the stock were exchanged, compared to its average volume of 3,560,080. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.19 and a current ratio of 2.70. Gevo, Inc. has a 52-week low of $1.37 and a 52-week high of $2.97. The business’s fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.80. The company has a market capitalization of $378.27 million, a PE ratio of -1.72 and a beta of 1.04.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, August 6th. The energy company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%.The firm had revenue of $46.50 million for the quarter, compared to the consensus estimate of $46.40 million. As a group, research analysts predict that Gevo, Inc. will post -0.72 earnings per share for the current fiscal year.

Institutional Trading of Gevo

Large investors have recently made changes to their positions in the stock. Nuveen LLC grew its holdings in Gevo by 107.7% during the fourth quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock valued at $8,277,000 after purchasing an additional 2,146,019 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Gevo by 41.3% in the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after buying an additional 1,719,381 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Gevo by 118.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,859,441 shares of the energy company’s stock worth $5,719,000 after buying an additional 1,548,302 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Gevo by 166.1% during the 1st quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock worth $5,970,000 after buying an additional 1,364,924 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Gevo by 153.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock worth $6,047,000 after buying an additional 1,342,400 shares during the period. Institutional investors own 35.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on GEVO shares. HC Wainwright reissued a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Northland Securities set a $3.75 target price on shares of Gevo in a research note on Thursday, July 16th. Jefferies Financial Group reissued a “hold” rating and issued a $1.90 target price on shares of Gevo in a research report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Gevo from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2.55.

About Gevo

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.