Andrew Shafer Sells 27,538 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

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.

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

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.