David Michael Kettner Acquires 12,500 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider David Michael Kettner acquired 12,500 shares of Gevo stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $1.55 per share, for a total transaction of $19,375.00. Following the completion of the transaction, the insider owned 276,788 shares in the company, valued at approximately $429,021.40. This trade represents a 4.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gevo Trading Up 10.5%

NASDAQ:GEVO opened at $1.69 on Wednesday. The company has a 50-day moving average price of $1.53 and a 200-day moving average price of $1.79. Gevo, Inc. has a 12 month low of $1.37 and a 12 month high of $2.97. The company has a current ratio of 2.70, a quick ratio of 2.19 and a debt-to-equity ratio of 0.61. The stock has a market cap of $417.84 million, a price-to-earnings ratio of -1.90 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, beating analysts’ consensus estimates of ($0.02) by $0.01. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. The firm had revenue of $46.50 million for the quarter, compared to analyst estimates of $46.40 million. Equities analysts predict that Gevo, Inc. will post -0.72 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on GEVO. Northland Securities set a $3.75 target price on Gevo in a report on Thursday, July 16th. HC Wainwright restated a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Friday, July 17th. Finally, Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.55.

Hedge Funds Weigh In On Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in GEVO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Gevo in the 1st quarter worth approximately $28,000. BNP Paribas Financial Markets grew its stake 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 worth $28,000 after buying an additional 12,136 shares during the last quarter. Franklin Resources Inc. bought a new position in Gevo during the 4th quarter valued at approximately $28,000. Legal & General Group Plc bought a new position in Gevo during the 2nd quarter valued at approximately $28,000. Finally, Mackenzie Financial Corp purchased a new position in Gevo during the third quarter valued at $29,000. Institutional investors own 35.17% of the company’s stock.

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.