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

Gevo, Inc. (NASDAQ:GEVO) insider David Michael Kettner acquired 12,500 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $1.55 per share, for a total transaction of $19,375.00. Following the completion of the acquisition, the insider directly owned 276,788 shares of the company’s stock, valued at approximately $429,021.40. This represents a 4.73% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gevo Price Performance

Gevo stock opened at $1.53 on Tuesday. The business has a 50 day simple moving average of $1.53 and a 200 day simple moving average of $1.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.70 and a quick ratio of 2.19. The company has a market capitalization of $378.28 million, a PE ratio of -1.72 and a beta of 1.04. Gevo, Inc. has a one year low of $1.37 and a one year high of $2.97.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $46.50 million for the quarter, compared to analyst estimates of $46.40 million. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. On average, sell-side analysts forecast that Gevo, Inc. will post -0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GEVO has been the topic of a number of research reports. Wall Street Zen upgraded shares of Gevo from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Friday, July 17th. HC Wainwright reissued a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, UBS Group reissued a “neutral” rating and set a $2.00 price target (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.55.

Institutional Trading of Gevo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in shares of Gevo in the 2nd quarter valued at about $926,000. J. Derek Lewis & Associates Inc. raised its holdings in Gevo by 23.0% during the first quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock worth $1,461,000 after acquiring an additional 100,000 shares in the last quarter. Bank of America Corp DE raised its holdings in Gevo by 166.1% during the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock worth $5,970,000 after acquiring an additional 1,364,924 shares in the last quarter. Amundi boosted its position in Gevo by 25.6% during the first quarter. Amundi now owns 135,539 shares of the energy company’s stock valued at $370,000 after purchasing an additional 27,636 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Gevo by 153.8% during the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after purchasing an additional 1,342,400 shares during the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.