Insider Selling: Gevo (NASDAQ:GEVO) Insider Sells $13,503.49 in Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 9,443 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $1.43, for a total value of $13,503.49. Following the completion of the sale, the insider owned 311,608 shares of the company’s stock, valued at $445,599.44. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 27th, Andrew Shafer sold 32,667 shares of Gevo stock. The stock was sold at an average price of $1.76, for a total value of $57,493.92.
• On Friday, May 1st, Andrew Shafer sold 5,550 shares of Gevo stock. The stock was sold at an average price of $2.00, for a total value of $11,100.00.
• On Wednesday, April 1st, Andrew Shafer sold 5,550 shares of Gevo stock. The stock was sold at an average price of $2.71, for a total value of $15,040.50.

Gevo Stock Up 2.8%

GEVO stock opened at $1.49 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51. The stock has a market capitalization of $362.68 million, a P/E ratio of -11.46 and a beta of 0.99. The business has a 50-day moving average of $1.77 and a 200-day moving average of $1.99. Gevo, Inc. has a fifty-two week low of $1.12 and a fifty-two week high of $2.97.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $42.95 million for the quarter, compared to analyst estimates of $44.90 million. Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%. On average, sell-side analysts anticipate that Gevo, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GEVO. Key Client Fiduciary Advisors LLC acquired a new position in Gevo during the fourth quarter valued at approximately $25,000. Berger Financial Group Inc acquired a new position in Gevo during the fourth quarter valued at approximately $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Gevo during the first quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its position in Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after purchasing an additional 12,136 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in Gevo during the fourth quarter valued at approximately $28,000. 35.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GEVO has been the subject of several recent research reports. Northland Securities set a $3.50 price objective on Gevo and gave the stock an “outperform” rating in a research report on Thursday, April 16th. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and set a $2.00 price objective (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Zacks Research cut Gevo from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Gevo currently has an average rating of “Hold” and a consensus target price of $2.75.

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.