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

Key Points

• Insider sale: Gevo insider Andrew Shafer sold 5,550 shares on May 1 at an average price of $2.00 for $11,100 under a pre-arranged Rule 10b5-1 plan, leaving him with 270,823 shares (a 2.01% reduction).
• Shafer previously sold 5,550 shares on April 1 at $2.71 and another 5,550 on March 10 at $2.21, showing a pattern of recent share dispositions.
• Stock context: GEVO traded near $2.03 with a market cap around $493M, reports negative earnings and carries mixed analyst coverage with a consensus "Hold" and an average price target of $6.58.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 5,550 shares of the business's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $2.00, for a total transaction of $11,100.00. Following the transaction, the insider directly owned 270,823 shares in the company, valued at $541,646. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Andrew Shafer sold 5,550 shares of Gevo stock. The shares were sold at an average price of $2.71, for a total transaction of $15,040.50.
• On Tuesday, March 10th, Andrew Shafer sold 5,550 shares of Gevo stock. The shares were sold at an average price of $2.21, for a total transaction of $12,265.50.

Gevo Stock Performance

Shares of GEVO traded up $0.12 during trading hours on Friday, reaching $2.03. 2,671,621 shares of the company traded hands, compared to its average volume of 3,721,845. The stock's fifty day moving average is $2.09 and its 200 day moving average is $2.10. The stock has a market cap of $493.05 million, a P/E ratio of -15.62 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.58 and a current ratio of 1.82. Gevo, Inc. has a 1-year low of $1.00 and a 1-year high of $2.97.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. The business had revenue of $45.35 million during the quarter, compared to analyst estimates of $43.52 million. Gevo had a negative net margin of 21.07% and a negative return on equity of 7.20%. Equities research analysts anticipate that Gevo, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on GEVO. Wall Street Zen lowered Gevo from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Weiss Ratings restated a "sell (d-)" rating on shares of Gevo in a research note on Tuesday, April 21st. Finally, Northland Securities set a $3.50 target price on Gevo and gave the company an "outperform" rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $6.58.

Institutional Trading of Gevo

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of Gevo by 11.0% in the second quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company's stock valued at $123,000 after purchasing an additional 9,249 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Gevo by 83.0% in the fourth quarter. Corient Private Wealth LLC now owns 20,950 shares of the energy company's stock valued at $42,000 after purchasing an additional 9,500 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Gevo by 29.0% in the fourth quarter. Cetera Investment Advisers now owns 49,137 shares of the energy company's stock valued at $98,000 after purchasing an additional 11,040 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock valued at $28,000 after purchasing an additional 12,136 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 35.17% of the company's stock.

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.

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