Andrew Shafer Sells 29,797 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 29,797 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $2.28, for a total value of $67,937.16. Following the sale, the insider owned 285,823 shares of the company’s stock, valued at $651,676.44. This trade represents a 9.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Andrew Shafer also recently made the following trade(s):

• On Monday, October 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $2.53, for a total value of $12,650.00.
• On Monday, September 22nd, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $2.01, for a total transaction of $10,050.00.
• On Wednesday, August 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $1.58, for a total transaction of $7,900.00.

Gevo Stock Down 7.0%

Shares of NASDAQ:GEVO traded down $0.16 during trading on Tuesday, reaching $2.11. 4,538,294 shares of the company traded hands, compared to its average volume of 5,199,684. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29. Gevo, Inc. has a 1-year low of $0.92 and a 1-year high of $2.98. The firm has a fifty day simple moving average of $2.07 and a 200 day simple moving average of $1.59. The firm has a market cap of $510.28 million, a P/E ratio of -8.12 and a beta of 2.13.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.07. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. The business had revenue of $43.41 million during the quarter, compared to analyst estimates of $43.69 million. Analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GEVO. UBS Group lifted their target price on shares of Gevo from $1.15 to $2.25 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Wall Street Zen upgraded shares of Gevo from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research note on Wednesday, October 8th. HC Wainwright reissued a “buy” rating on shares of Gevo in a research note on Wednesday, October 15th. Finally, Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Gevo currently has an average rating of “Hold” and an average price target of $8.13.

Hedge Funds Weigh In On Gevo

A number of large investors have recently modified their holdings of GEVO. WNY Asset Management LLC acquired a new position in shares of Gevo during the first quarter worth approximately $58,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Gevo during the first quarter worth approximately $36,000. Atria Wealth Solutions Inc. bought a new stake in shares of Gevo during the first quarter worth approximately $174,000. Deutsche Bank AG raised its stake in shares of Gevo by 5,808.4% during the first quarter. Deutsche Bank AG now owns 40,709 shares of the energy company’s stock worth $47,000 after buying an additional 40,020 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Gevo during the first quarter worth approximately $92,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.