Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 5,550 shares of Gevo stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $2.00, for a total value of $11,100.00. Following the completion of the transaction, the insider owned 270,823 shares of the company's stock, valued at $541,646. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andrew Shafer also recently made the following trade(s):
- On Wednesday, April 1st, Andrew Shafer sold 5,550 shares of Gevo stock. The stock was sold at an average price of $2.71, for a total value of $15,040.50.
- On Tuesday, March 10th, Andrew Shafer sold 5,550 shares of Gevo stock. The stock was sold at an average price of $2.21, for a total value of $12,265.50.
Gevo Stock Up 6.3%
NASDAQ:GEVO opened at $2.03 on Friday. The company has a market capitalization of $493.05 million, a price-to-earnings ratio of -15.62 and a beta of 1.01. Gevo, Inc. has a one year low of $1.00 and a one year high of $2.97. The stock has a 50-day simple moving average of $2.09 and a 200 day simple moving average of $2.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.58 and a current ratio of 1.82.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The energy company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. The business had revenue of $45.35 million during the quarter, compared to the consensus estimate of $43.52 million. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%. Sell-side analysts predict that Gevo, Inc. will post -0.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Gevo
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Gevo by 3.0% in the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company's stock worth $30,350,000 after acquiring an additional 455,543 shares during the last quarter. State Street Corp lifted its holdings in Gevo by 12.6% in the fourth quarter. State Street Corp now owns 8,424,375 shares of the energy company's stock worth $16,849,000 after acquiring an additional 944,287 shares during the last quarter. Invesco Ltd. lifted its holdings in Gevo by 41.3% in the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company's stock worth $11,758,000 after acquiring an additional 1,719,381 shares during the last quarter. Nuveen LLC lifted its holdings in Gevo by 107.7% in the fourth quarter. Nuveen LLC now owns 4,138,251 shares of the energy company's stock worth $8,277,000 after acquiring an additional 2,146,019 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Gevo by 1.9% in the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock worth $3,803,000 after acquiring an additional 61,919 shares during the last quarter. Institutional investors own 35.17% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on GEVO shares. Wall Street Zen upgraded Gevo from a "sell" rating to a "hold" rating in a research note on Saturday. Weiss Ratings reissued a "sell (d-)" rating on shares of Gevo in a report on Tuesday, April 21st. Finally, Northland Securities set a $3.50 target price on shares of Gevo and gave the stock an "outperform" rating in a report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $6.58.
Check Out Our Latest Analysis on Gevo
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.
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