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

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 5,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $2.01, for a total value of $10,050.00. Following the completion of the sale, the insider directly owned 320,620 shares of the company’s stock, valued at approximately $644,446.20. The trade was a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value of $7,900.00.
• On Monday, July 21st, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $1.55, for a total value of $7,750.00.

Gevo Price Performance

NASDAQ:GEVO opened at $1.98 on Tuesday. The company has a market cap of $478.84 million, a P/E ratio of -7.62 and a beta of 2.18. The firm’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $1.36. Gevo, Inc. has a one year low of $0.92 and a one year high of $3.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.33 and a quick ratio of 2.10.

Gevo (NASDAQ:GEVO) last announced its earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%.The company had revenue of $43.41 million for the quarter, compared to analyst estimates of $43.69 million. Equities analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On Gevo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GEVO. NewEdge Advisors LLC raised its holdings in shares of Gevo by 11.0% during the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company’s stock worth $123,000 after acquiring an additional 9,249 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after purchasing an additional 12,136 shares during the period. Centerpoint Advisory Group raised its stake in Gevo by 55.6% during the first quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company’s stock worth $65,000 after purchasing an additional 20,000 shares during the period. International Assets Investment Management LLC acquired a new position in Gevo in the 2nd quarter valued at about $26,000. Finally, Legal & General Group Plc purchased a new stake in shares of Gevo in the 2nd quarter valued at approximately $28,000. 35.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GEVO has been the subject of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Friday, May 30th. Zacks Research upgraded shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. 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 report on Wednesday, September 17th. Finally, Wall Street Zen upgraded Gevo from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Gevo has an average rating of “Hold” and a consensus target price of $8.13.

About Gevo

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.