Key Points
- Director Carol Jane Battershell sold 75,597 shares on Nov. 13 at an average price of $2.02 for about $152,706, cutting her stake by 21.36% to 278,265 shares.
- Gevo reported Q results showing an EPS of ($0.03) that beat estimates and revenue of $42.71M (above $26.82M est.), but the company remains unprofitable with a negative net margin (~37%) and an anticipated FY EPS of -0.42.
- Shares traded near $1.97 (market cap ~$477M) with a 1‑year range of $0.92–$2.98, while analysts are mixed (average rating: Hold) and the mean price target sits at $8.13.
Gevo, Inc. (NASDAQ:GEVO - Get Free Report) Director Carol Jane Battershell sold 75,597 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $2.02, for a total transaction of $152,705.94. Following the transaction, the director owned 278,265 shares of the company's stock, valued at $562,095.30. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Gevo Price Performance
Shares of NASDAQ GEVO traded down $0.03 during mid-day trading on Friday, hitting $1.97. 3,728,526 shares of the company's stock traded hands, compared to its average volume of 4,588,571. The company has a market capitalization of $477.35 million, a P/E ratio of -9.85 and a beta of 2.14. Gevo, Inc. has a 1 year low of $0.92 and a 1 year high of $2.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 2.10. The company's 50-day moving average is $2.14 and its two-hundred day moving average is $1.64.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $42.71 million during the quarter, compared to analyst estimates of $26.82 million. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%. On average, equities analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEVO. International Assets Investment Management LLC bought a new stake in shares of Gevo in the 2nd quarter valued at about $26,000. BNP Paribas Financial Markets increased its holdings in Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock valued at $28,000 after buying an additional 12,136 shares during the period. Legal & General Group Plc bought a new position in Gevo in the second quarter worth approximately $28,000. Mackenzie Financial Corp purchased a new stake in Gevo during the third quarter worth $29,000. Finally, Engineers Gate Manager LP bought a new stake in Gevo during the 2nd quarter valued at $30,000. 35.17% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
GEVO has been the subject of several analyst reports. Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. UBS Group raised their price target on Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Wall Street Zen upgraded Gevo from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Gevo in a research note on Wednesday, October 8th. Finally, HC Wainwright reiterated a "buy" rating on shares of Gevo in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $8.13.
Read Our Latest Stock Analysis on Gevo
About Gevo
(
Get Free Report)
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.
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