Gevo (NASDAQ:GEVO) Director James Barber Acquires 50,000 Shares

Key Points

• Director James Barber bought 50,000 Gevo shares at an average price of $1.54, investing $77,000 and increasing his stake by 71.43% to 120,000 shares.
• Gevo shares traded near $1.53, while the company reported quarterly revenue of $46.5 million and an adjusted loss of $0.01 per share, beating analyst expectations.
• Analysts maintain a consensus “Hold” rating with an average price target of $2.55; institutional investors own 35.17% of the company.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) Director James Barber acquired 50,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were bought at an average price of $1.54 per share, for a total transaction of $77,000.00. Following the acquisition, the director owned 120,000 shares in the company, valued at approximately $184,800. This trade represents a 71.43% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Gevo Trading Down 0.6%

Gevo stock traded down $0.01 during midday trading on Monday, reaching $1.53. The stock had a trading volume of 1,638,332 shares, compared to its average volume of 3,560,080. The firm's fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.80. The firm has a market cap of $378.27 million, a price-to-earnings ratio of -1.72 and a beta of 1.04. Gevo, Inc. has a twelve month low of $1.37 and a twelve month high of $2.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.70 and a quick ratio of 2.19.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $46.50 million for the quarter, compared to the consensus estimate of $46.40 million. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%. Equities analysts anticipate that Gevo, Inc. will post -0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Gevo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in Gevo during the 2nd quarter valued at $926,000. J. Derek Lewis & Associates Inc. boosted its holdings in Gevo by 23.0% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company's stock valued at $1,461,000 after purchasing an additional 100,000 shares during the period. Bank of America Corp DE grew its position in Gevo by 166.1% in the 1st quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company's stock worth $5,970,000 after purchasing an additional 1,364,924 shares during the last quarter. Amundi grew its position in Gevo by 25.6% in the 1st quarter. Amundi now owns 135,539 shares of the energy company's stock worth $370,000 after purchasing an additional 27,636 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Gevo by 153.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company's stock worth $6,047,000 after purchasing an additional 1,342,400 shares during the period. Institutional investors own 35.17% of the company's stock.

Analyst Upgrades and Downgrades

GEVO has been the topic of several analyst reports. Jefferies Financial Group restated a "hold" rating and set a $1.90 price target on shares of Gevo in a research note on Friday, August 14th. Wall Street Zen upgraded shares of Gevo from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. UBS Group reissued a "neutral" rating and set a $2.00 target price (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Zacks Research upgraded shares of Gevo from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. Finally, Northland Securities set a $3.75 price target on Gevo in a research report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $2.55.

About Gevo

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source