Atria Wealth Solutions Inc. Invests $174,000 in Gevo, Inc. $GEVO

Atria Wealth Solutions Inc. acquired a new position in Gevo, Inc. (NASDAQ:GEVO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 150,000 shares of the energy company's stock, valued at approximately $174,000. Atria Wealth Solutions Inc. owned about 0.06% of Gevo at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Gevo in the 4th quarter valued at $27,000. IHT Wealth Management LLC acquired a new position in Gevo in the 4th quarter worth $29,000. Centerpoint Advisory Group boosted its stake in Gevo by 55.6% in the 1st quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company's stock worth $65,000 after purchasing an additional 20,000 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Gevo in the 1st quarter worth $36,000. Finally, Two Sigma Securities LLC bought a new stake in Gevo during the 4th quarter worth about $71,000. Institutional investors own 35.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GEVO shares. HC Wainwright reiterated a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, May 30th. Wall Street Zen raised shares of Gevo from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.58.

Gevo Price Performance

Gevo stock traded up $0.12 during mid-day trading on Friday, reaching $1.73. The company had a trading volume of 5,820,417 shares, compared to its average volume of 8,876,455. Gevo, Inc. has a fifty-two week low of $0.6703 and a fifty-two week high of $3.39. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.29. The company has a market cap of $418.38 million, a P/E ratio of -6.65 and a beta of 2.67. The business has a fifty day simple moving average of $1.45 and a 200 day simple moving average of $1.33.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. The firm had revenue of $43.41 million for the quarter, compared to analyst estimates of $43.69 million. On average, equities research analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current year.

Insider Transactions at Gevo

In other Gevo news, COO Christopher Michael Ryan sold 42,499 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1.23, for a total value of $52,273.77. Following the sale, the chief operating officer owned 1,633,621 shares in the company, valued at $2,009,353.83. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Oluwagbemileke Yusuf Agiri sold 57,651 shares of Gevo stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1.63, for a total transaction of $93,971.13. Following the transaction, the chief financial officer owned 277,835 shares in the company, valued at approximately $452,871.05. This trade represents a 17.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,123,464 shares of company stock valued at $1,475,392. Corporate insiders own 6.80% 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.