Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells 27,538 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 27,538 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1.28, for a total transaction of $35,248.64. Following the completion of the sale, the insider now owns 284,892 shares of the company's stock, valued at approximately $364,661.76. This represents a 8.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, May 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $1.15, for a total transaction of $5,750.00.
• On Monday, April 21st, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $1.11, for a total transaction 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 transaction of $13,300.00.

Gevo Stock Performance

NASDAQ GEVO traded up $0.05 during trading hours on Friday, reaching $1.16. 3,020,160 shares of the company were exchanged, compared to its average volume of 5,423,322. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39. The business's 50 day simple moving average is $1.13 and its 200-day simple moving average is $1.48. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $277.89 million, a P/E ratio of -3.41 and a beta of 2.53.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data 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 net margin of 510.04% and a negative return on equity of 14.95%. The business had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. On average, equities research analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current year.

Institutional Trading of Gevo

A number of large investors have recently added to or reduced their stakes in GEVO. Invesco Ltd. increased its holdings in Gevo by 441.0% during the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after buying an additional 3,497,007 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Gevo during the fourth quarter worth about $904,000. Marshall Wace LLP purchased a new stake in Gevo during the fourth quarter worth about $812,000. Two Sigma Investments LP increased its holdings in Gevo by 671.3% during the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock worth $690,000 after buying an additional 287,150 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Gevo during the fourth quarter worth about $562,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group lowered their target price on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. HC Wainwright reiterated a "buy" rating and issued a $14.00 target price on shares of Gevo in a report on Friday, May 30th.

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.