Andrew Shafer Sells 26,911 Shares of Gevo, Inc. (NASDAQ:GEVO) 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 transaction of $63,779.07. Following the completion of the sale, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Gevo Stock Up 10.5 %

GEVO stock opened at $1.90 on Friday. 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 $1.78 and a 200-day moving average price of $1.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The stock has a market capitalization of $454.99 million, a P/E ratio of -5.94 and a beta of 2.94.

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

Analysts Set New Price Targets

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

Institutional Trading of Gevo

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new stake in Gevo during the second quarter valued at about $2,888,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Gevo in the second quarter worth about $295,000. Vanguard Group Inc. raised its stake in shares of Gevo by 3.1% in the first 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 period. Cubist Systematic Strategies LLC bought a new position in shares of Gevo in the second quarter worth about $112,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Gevo during the 1st quarter valued at approximately $89,000. 35.17% of the stock is currently owned by 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.