Andrew Shafer Sells 9,443 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 9,443 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $1.43, for a total transaction of $13,503.49. Following the sale, the insider owned 311,608 shares of the company’s stock, valued at $445,599.44. The trade was a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 stock was 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 Trading Up 2.1%

NASDAQ:GEVO traded up $0.03 during mid-day trading on Monday, hitting $1.43. The company had a trading volume of 3,021,834 shares, compared to its average volume of 3,593,225. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.51 and a current ratio of 4.31. Gevo, Inc. has a fifty-two week low of $1.12 and a fifty-two week high of $2.97. The firm has a market cap of $348.08 million, a P/E ratio of -11.00 and a beta of 0.99. The business’s fifty day moving average is $1.82 and its two-hundred day moving average is $2.00.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, May 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $42.95 million for the quarter, compared to analyst estimates of $44.90 million. Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%. As a group, research analysts expect that Gevo, Inc. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GEVO shares. Zacks Research downgraded shares of Gevo from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research report on Tuesday, April 21st. UBS Group reissued a “neutral” rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. HC Wainwright restated a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. Finally, Northland Securities set a $3.50 price objective on Gevo and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.75.

Institutional Trading of Gevo

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC lifted its stake in Gevo by 1.9% in the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock valued at $3,803,000 after buying an additional 61,919 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Gevo by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 123,170 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Gevo by 915.8% during the second quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company’s stock worth $160,000 after acquiring an additional 109,363 shares during the period. Legal & General Group Plc acquired a new stake in shares of Gevo during the second quarter worth $28,000. Finally, Rhumbline Advisers bought a new stake in Gevo in the 2nd quarter valued at $383,000. 35.17% of the stock is owned by institutional investors.

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.