Andrew Shafer Sells 5,550 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 5,550 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $2.21, for a total value of $12,265.50. Following the completion of the sale, the insider owned 270,823 shares of the company’s stock, valued at $598,518.83. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrew Shafer also recently made the following trade(s):

• On Tuesday, January 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $1.99, for a total value of $9,950.00.
• On Monday, December 22nd, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $2.19, for a total value of $10,950.00.

Gevo Price Performance

Shares of Gevo stock traded up $0.13 during trading on Thursday, hitting $2.43. The stock had a trading volume of 7,324,334 shares, compared to its average volume of 3,205,751. The business has a fifty day moving average of $1.96 and a two-hundred day moving average of $2.05. Gevo, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $2.95. The firm has a market cap of $590.06 million, a P/E ratio of -18.69 and a beta of 1.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.58.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%.The firm had revenue of $45.35 million for the quarter, compared to analyst estimates of $43.52 million. On average, sell-side analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GEVO. Key Client Fiduciary Advisors LLC purchased a new position in shares of Gevo in the fourth quarter worth approximately $25,000. Berger Financial Group Inc acquired a new position in Gevo in the 4th quarter worth approximately $26,000. Franklin Resources Inc. acquired a new position in Gevo in the 4th quarter worth approximately $28,000. Mackenzie Financial Corp purchased a new position in Gevo during the 3rd quarter worth approximately $29,000. Finally, Cibc World Markets Corp acquired a new stake in Gevo during the 4th quarter valued at $31,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Gevo from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Northland Securities reiterated an “outperform” rating and set a $3.00 price objective on shares of Gevo in a research report on Wednesday, December 31st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Gevo currently has a consensus rating of “Hold” and a consensus target price of $6.42.

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.