Gevo (NASDAQ:GEVO) Director James Barber Buys 50,000 Shares

Gevo, Inc. (NASDAQ:GEVO) Director James Barber purchased 50,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was purchased at an average price of $1.54 per share, for a total transaction of $77,000.00. Following the transaction, the director directly owned 120,000 shares in the company, valued at approximately $184,800. This trade represents a 71.43% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Gevo Trading Down 0.6%

NASDAQ:GEVO opened at $1.53 on Tuesday. Gevo, Inc. has a 52 week low of $1.37 and a 52 week high of $2.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.19 and a current ratio of 2.70. The firm’s fifty day moving average is $1.53 and its 200-day moving average is $1.80. The firm has a market cap of $378.28 million, a P/E ratio of -1.72 and a beta of 1.04.

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

Hedge Funds Weigh In On Gevo

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new position in shares of Gevo during the 2nd quarter worth about $926,000. J. Derek Lewis & Associates Inc. grew its stake in shares of Gevo by 23.0% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock valued at $1,461,000 after buying an additional 100,000 shares during the period. Bank of America Corp DE increased its position in Gevo by 166.1% in the 1st quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock valued at $5,970,000 after buying an additional 1,364,924 shares in the last quarter. Amundi increased its position in Gevo by 25.6% in the 1st quarter. Amundi now owns 135,539 shares of the energy company’s stock valued at $370,000 after buying an additional 27,636 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in 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 and hedge funds own 35.17% of the company’s stock.

Wall Street Analysts Forecast Growth

GEVO has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research note on Friday, July 17th. UBS Group reaffirmed a “neutral” rating and set a $2.00 target price (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a $1.90 target price on shares of Gevo in a report on Friday, August 14th. Northland Securities set a $3.75 price target on Gevo in a research note on Thursday, July 16th. Finally, HC Wainwright restated a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently 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.