Insider Selling: Gevo (NASDAQ:GEVO) Insider Sells 5,000 Shares of Stock

Key Points

• Gevo insider Andrew Shafer sold 5,000 shares of the company's stock at an average price of $2.53, amounting to a total of $12,650.
• The company's stock recently traded at $2.41, reflecting a 0.8% increase, with a market capitalization of approximately $582.83 million.
• Analysts have varying ratings on Gevo, with a consensus rating of "Hold" and a projected target price of $8.13.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 5,000 shares of Gevo stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $2.53, for a total transaction of $12,650.00. Following the transaction, the insider owned 315,620 shares of the company's stock, valued at $798,518.60. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 22nd, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $2.01, for a total value of $10,050.00.
• 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 transaction of $7,900.00.

Gevo Stock Up 0.8%

NASDAQ:GEVO traded up $0.02 on Thursday, reaching $2.41. 4,206,122 shares of the stock traded hands, compared to its average volume of 7,233,452. The company's fifty day simple moving average is $1.98 and its 200 day simple moving average is $1.52. The company has a market capitalization of $582.83 million, a price-to-earnings ratio of -9.27 and a beta of 2.13. Gevo, Inc. has a 12 month low of $0.92 and a 12 month high of $3.08. 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 (NASDAQ:GEVO - Get Free Report) last announced its quarterly 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. The company had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. Equities analysts predict that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in Gevo by 11.0% in the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company's stock worth $123,000 after buying an additional 9,249 shares during the period. BNP Paribas Financial Markets grew its position in shares of Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock worth $28,000 after purchasing an additional 12,136 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Gevo during the 2nd quarter valued at approximately $26,000. Legal & General Group Plc purchased a new position in Gevo in the 2nd quarter worth approximately $28,000. Finally, Engineers Gate Manager LP bought a new position in Gevo in the 2nd quarter worth approximately $30,000. 35.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group boosted their target price on Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a research report on Wednesday, September 17th. Wall Street Zen upgraded shares of Gevo from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Gevo in a research note on Wednesday, October 8th. HC Wainwright reissued a "buy" rating on shares of Gevo in a report on Wednesday, October 15th. Finally, Zacks Research upgraded Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $8.13.

Gevo Company Profile

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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