Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 27,538 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $35,248.64. Following the sale, the insider now owns 284,892 shares of the company's stock, valued at $364,661.76. This trade represents a 8.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Andrew Shafer also recently made the following trade(s):
- On Tuesday, May 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $1.15, for a total value of $5,750.00.
- On Monday, April 21st, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $1.11, for a total value of $5,550.00.
- On Monday, March 24th, Andrew Shafer sold 10,000 shares of Gevo stock. The shares were sold at an average price of $1.33, for a total value of $13,300.00.
Gevo Stock Performance
NASDAQ GEVO remained flat at $1.14 during trading on Thursday. The company's stock had a trading volume of 3,284,038 shares, compared to its average volume of 4,473,624. The firm has a market cap of $273.10 million, a PE ratio of -3.35 and a beta of 2.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The stock has a 50-day simple moving average of $1.13 and a 200 day simple moving average of $1.49. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39.
Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The company had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. Research analysts forecast that Gevo, Inc. will post -0.42 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have issued reports on GEVO. HC Wainwright reiterated a "buy" rating and set a $14.00 price target on shares of Gevo in a research report on Friday, May 30th. UBS Group lowered their price target on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd.
Read Our Latest Stock Report on Gevo
Hedge Funds Weigh In On Gevo
Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Gevo in the 4th quarter valued at approximately $27,000. IHT Wealth Management LLC acquired a new stake in Gevo in the fourth quarter valued at $29,000. VisionPoint Advisory Group LLC grew its holdings in Gevo by 200.9% in the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock valued at $65,000 after purchasing an additional 18,734 shares during the last quarter. Financial Advocates Investment Management grew its holdings in Gevo by 28.5% in the fourth quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock valued at $188,000 after purchasing an additional 19,980 shares during the last quarter. Finally, Centerpoint Advisory Group grew its holdings in Gevo by 55.6% in the first quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company's stock valued at $65,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 35.17% of the company's stock.
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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