Gevo (NASDAQ:GEVO) Insider David Michael Kettner Acquires 12,500 Shares

Key Points

• Gevo insider David Michael Kettner bought 12,500 shares at an average price of $1.55, investing $19,375 and increasing his direct holdings by 4.73% to 276,788 shares.
• GEVO traded near $1.53, with a market capitalization of approximately $378 million; the stock remains well below its 12-month high of $2.97 and its 200-day moving average of $1.80.
• Analyst sentiment is generally cautious, with an average “Hold” rating and a $2.55 price target, while Gevo reported better-than-expected quarterly EPS but continued to post negative margins and is expected to lose $0.72 per share for the year.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider David Michael Kettner bought 12,500 shares of Gevo stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average price of $1.55 per share, with a total value of $19,375.00. Following the completion of the acquisition, the insider directly owned 276,788 shares of the company's stock, valued at $429,021.40. This represents a 4.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gevo Price Performance

Gevo stock traded down $0.01 during mid-day trading on Monday, hitting $1.53. The company's stock had a trading volume of 1,638,332 shares, compared to its average volume of 3,560,080. The stock has a market capitalization of $378.27 million, a P/E 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 stock's fifty day moving average price is $1.53 and its two-hundred day moving average price is $1.80. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 0.61.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The company had revenue of $46.50 million during 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%. Research analysts forecast that Gevo, Inc. will post -0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

GEVO has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $1.90 target price on shares of Gevo in a report on Friday, August 14th. UBS Group reissued a "neutral" rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. Wall Street Zen upgraded Gevo from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Northland Securities set a $3.75 price objective on shares of Gevo in a research note on Thursday, July 16th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Gevo in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $2.55.

Institutional Trading of Gevo

A number of hedge funds have recently modified their holdings of GEVO. Millennium Management LLC raised its position in Gevo by 1.9% during the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock valued at $3,803,000 after buying an additional 61,919 shares during the period. Goldman Sachs Group Inc. boosted its position in Gevo by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock worth $1,351,000 after acquiring an additional 123,170 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Gevo by 915.8% in the second quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company's stock worth $160,000 after purchasing an additional 109,363 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Gevo in the second quarter worth approximately $28,000. Finally, Rhumbline Advisers acquired a new stake in shares of Gevo during the second quarter worth approximately $383,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

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.

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