Gevo (NASDAQ:GEVO) Insider Sells $10,050.00 in Stock

Key Points

• Andrew Shafer, an insider at Gevo, sold 5,000 shares for a total of $10,050, reducing his ownership share by 1.54% to 320,620 shares.
• Gevo's stock price recently declined to $1.98, reflecting a market cap of $478.84 million and a twelve-month low of $0.92.
• Several brokerages have updated their ratings for Gevo, with UBS raising its target price to $2.25 and HC Wainwright maintaining a "buy" rating with a target price of $14.00.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 5,000 shares of Gevo stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $2.01, for a total value of $10,050.00. Following the transaction, the insider directly owned 320,620 shares of the company's stock, valued at $644,446.20. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, August 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $1.58, for a total value of $7,900.00.
• On Monday, July 21st, Andrew Shafer sold 5,000 shares of Gevo stock. The stock was sold at an average price of $1.55, for a total value of $7,750.00.

Gevo Price Performance

Shares of NASDAQ:GEVO traded down $0.04 during midday trading on Monday, hitting $1.98. 6,033,917 shares of the stock were exchanged, compared to its average volume of 5,005,592. The stock has a market cap of $478.84 million, a P/E ratio of -7.62 and a beta of 2.18. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.29. Gevo, Inc. has a twelve month low of $0.92 and a twelve month high of $3.39. The company has a 50 day moving average price of $1.60 and a 200-day moving average price of $1.35.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $43.69 million. On average, research analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GEVO. Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. UBS Group boosted their target price on shares of Gevo from $1.15 to $2.25 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. HC Wainwright reissued a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, May 30th. Finally, Wall Street Zen raised shares of Gevo from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Gevo presently has a consensus rating of "Hold" and a consensus target price of $8.13.

Institutional Trading of Gevo

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in Gevo by 160.7% in the 4th quarter. Bank of America Corp DE now owns 360,559 shares of the energy company's stock worth $754,000 after acquiring an additional 222,237 shares during the period. Atria Wealth Solutions Inc. purchased a new position in Gevo in the 1st quarter worth approximately $174,000. Two Sigma Investments LP boosted its holdings in Gevo by 671.3% in the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock worth $690,000 after acquiring an additional 287,150 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in Gevo by 114.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 289,300 shares of the energy company's stock worth $336,000 after acquiring an additional 154,400 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Gevo in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors 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.

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