Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells 26,911 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gevo Stock Performance

NASDAQ:GEVO traded down $0.63 during mid-day trading on Wednesday, reaching $1.72. 17,817,976 shares of the stock were exchanged, compared to its average volume of 5,873,327. The stock has a market capitalization of $411.89 million, a P/E ratio of -5.44 and a beta of 2.94. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39. The company has a 50 day simple moving average of $1.74 and a 200-day simple moving average of $1.03. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The business had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. During the same period last year, the firm posted ($0.06) earnings per share. Analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GEVO. HC Wainwright reaffirmed a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday, October 18th. UBS Group raised their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GEVO. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo in the 3rd quarter valued at approximately $29,000. Bayesian Capital Management LP purchased a new position in shares of Gevo in the 1st quarter valued at about $27,000. XTX Topco Ltd lifted its position in shares of Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after acquiring an additional 51,057 shares during the period. BNP Paribas Financial Markets boosted its position in Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after purchasing an additional 63,179 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in Gevo in the 3rd quarter valued at about $114,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

About Gevo

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.