Gevo (NASDAQ:GEVO) Insider Sells $13,503.49 in Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 9,443 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.43, for a total value of $13,503.49. Following the completion of the sale, the insider owned 311,608 shares in the company, valued at approximately $445,599.44. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 27th, Andrew Shafer sold 32,667 shares of Gevo stock. The stock was sold at an average price of $1.76, for a total value of $57,493.92.
• On Friday, May 1st, Andrew Shafer sold 5,550 shares of Gevo stock. The shares were sold at an average price of $2.00, for a total value of $11,100.00.
• On Wednesday, April 1st, Andrew Shafer sold 5,550 shares of Gevo stock. The shares were sold at an average price of $2.71, for a total value of $15,040.50.

Gevo Stock Up 2.1%

Shares of GEVO traded up $0.03 during mid-day trading on Monday, hitting $1.43. 3,021,834 shares of the company’s stock were exchanged, compared to its average volume of 3,593,225. The company has a market cap of $348.08 million, a PE ratio of -11.00 and a beta of 0.99. Gevo, Inc. has a 52 week low of $1.12 and a 52 week high of $2.97. The company has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $2.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%.The business had revenue of $42.95 million during the quarter, compared to the consensus estimate of $44.90 million. On average, research analysts forecast that Gevo, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Gevo

A number of large investors have recently added to or reduced their stakes in GEVO. Millennium Management LLC grew its position in shares of Gevo by 1.9% in the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock valued at $3,803,000 after acquiring an additional 61,919 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Gevo by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 123,170 shares during the period. JPMorgan Chase & Co. lifted its stake in Gevo by 915.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company’s stock valued at $160,000 after purchasing an additional 109,363 shares during the last quarter. Legal & General Group Plc acquired a new stake in Gevo in the 2nd quarter valued at about $28,000. Finally, Rhumbline Advisers bought a new position in Gevo during the second quarter worth about $383,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research cut shares of Gevo from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. UBS Group reaffirmed a “neutral” rating and issued a $2.00 target price (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Wall Street Zen lowered Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Gevo has an average rating of “Hold” and a consensus target price of $2.75.

Gevo Company Profile

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.