Insider Buying: Gevo (NASDAQ:GEVO) Director Acquires $77,000.00 in Stock

Gevo, Inc. (NASDAQ:GEVO) Director James Barber bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average cost of $1.54 per share, for a total transaction of $77,000.00. Following the completion of the purchase, the director owned 120,000 shares of the company’s stock, valued at $184,800. This trade represents a 71.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gevo Trading Down 2.4%

Shares of GEVO opened at $1.65 on Thursday. The stock has a market capitalization of $407.95 million, a P/E ratio of -1.85 and a beta of 1.04. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $1.54 and a two-hundred day simple moving average of $1.79. Gevo, Inc. has a twelve month low of $1.37 and a twelve month high of $2.97.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $46.50 million for the quarter, compared to analyst estimates of $46.40 million. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. On average, research analysts anticipate that Gevo, Inc. will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently bought and sold shares of GEVO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Gevo during the 1st quarter valued at approximately $28,000. BNP Paribas Financial Markets raised its position 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 acquiring an additional 12,136 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Gevo in the 4th quarter worth approximately $28,000. Legal & General Group Plc purchased a new position in shares of Gevo in the 2nd quarter valued at approximately $28,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Gevo in the 3rd quarter valued at approximately $29,000. 35.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GEVO. Jefferies Financial Group restated a “hold” rating and set a $1.90 price target on shares of Gevo in a report on Friday, August 14th. Wall Street Zen upgraded Gevo from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Northland Securities set a $3.75 price objective on Gevo in a research report on Thursday, July 16th. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Finally, 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. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Gevo has an average rating of “Hold” and a consensus target price of $2.55.

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.