Key Points
- Andrew Shafer sold 5,000 Gevo shares on Dec. 22 at an average price of $2.19 for $10,950, reducing his holding by 1.78% to 275,823 shares; this follows several recent insider sales (including 5,000 on Nov. 20, 29,797 on Nov. 3 and 5,000 on Oct. 20).
- Company outlook: Gevo (market cap ~$523.4M) reported a revenue beat but remains unprofitable with negative EPS and margins, and analysts are mixed—consensus is a "Moderate Buy" with an average target of $6.42.
Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 5,000 shares of the business's stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $2.19, for a total value of $10,950.00. Following the completion of the sale, the insider owned 275,823 shares of the company's stock, valued at $604,052.37. The trade was a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Andrew Shafer also recently made the following trade(s):
- On Thursday, November 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $1.99, for a total value of $9,950.00.
- On Monday, November 3rd, Andrew Shafer sold 29,797 shares of Gevo stock. The stock was sold at an average price of $2.28, for a total value of $67,937.16.
- On Monday, October 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $2.53, for a total value of $12,650.00.
Gevo Price Performance
GEVO opened at $2.16 on Wednesday. The firm has a market capitalization of $523.39 million, a PE ratio of -10.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.60. The business's 50-day moving average is $2.21 and its two-hundred day moving average is $1.84. Gevo, Inc. has a 1 year low of $0.92 and a 1 year high of $2.98.
Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. The business had revenue of $42.71 million for the quarter, compared to analysts' expectations of $26.82 million. Research analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on GEVO. Northland Capmk raised Gevo to a "strong-buy" rating in a research report on Monday, December 1st. UBS Group boosted their target price on Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Northland Securities assumed coverage on Gevo in a research note on Monday, December 1st. They issued an "outperform" rating and a $3.00 price target for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Gevo in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Gevo from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $6.42.
Check Out Our Latest Research Report on Gevo
Institutional Trading of Gevo
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEVO. International Assets Investment Management LLC purchased a new stake in Gevo during the 2nd quarter valued at about $26,000. BNP Paribas Financial Markets grew its position in Gevo by 138.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock worth $28,000 after purchasing an additional 12,136 shares during the period. Legal & General Group Plc purchased a new position in shares of Gevo during the 2nd quarter valued at approximately $28,000. Mackenzie Financial Corp acquired a new position in shares of Gevo in the 3rd quarter valued at $29,000. Finally, Engineers Gate Manager LP purchased a new stake in Gevo during the second quarter worth $30,000. Institutional investors and hedge funds own 35.17% of the company's stock.
About Gevo
(
Get Free Report)
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.
Further Reading
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