Andrew Shafer Sells 5,000 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $2.19, for a total value of $10,950.00. Following the sale, the insider owned 275,823 shares in the company, valued at approximately $604,052.37. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, November 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $1.99, for a total transaction of $9,950.00.
• On Monday, November 3rd, Andrew Shafer sold 29,797 shares of Gevo stock. The shares were sold at an average price of $2.28, for a total transaction of $67,937.16.
• On Monday, October 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $2.53, for a total transaction of $12,650.00.

Gevo Stock Down 0.9%

GEVO traded down $0.02 during trading hours on Tuesday, reaching $2.16. 1,745,169 shares of the stock traded hands, compared to its average volume of 4,927,260. Gevo, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $2.98. The company has a market cap of $523.39 million, a price-to-earnings ratio of -10.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.60. The firm’s fifty day simple moving average is $2.22 and its two-hundred day simple moving average is $1.83.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $42.71 million for the quarter, compared to analyst estimates of $26.82 million. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. As a group, analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in Gevo by 11.0% during the second quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company’s stock valued at $123,000 after purchasing an additional 9,249 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after buying an additional 12,136 shares during the period. Squarepoint Ops LLC grew its position in shares of Gevo by 133.9% during the 3rd quarter. Squarepoint Ops LLC now owns 25,804 shares of the energy company’s stock valued at $51,000 after buying an additional 14,773 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Gevo during the third quarter worth about $29,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Gevo by 343.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 21,855 shares of the energy company’s stock worth $43,000 after acquiring an additional 16,926 shares during the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GEVO. Wall Street Zen upgraded Gevo from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Northland Capmk raised shares of Gevo to a “strong-buy” rating in a research report on Monday, December 1st. UBS Group lifted their price target on shares of Gevo from $1.15 to $2.25 and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Northland Securities began coverage on shares of Gevo in a research note on Monday, December 1st. They set an “outperform” rating and a $3.00 price objective on the stock. Finally, HC Wainwright restated a “buy” rating on shares of Gevo in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.42.

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.