Gevo, Inc. (NASDAQ:GEVO) Insider Andrew Shafer Sells 10,000 Shares

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 10,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $1.33, for a total value of $13,300.00. Following the sale, the insider now owns 322,430 shares of the company’s stock, valued at $428,831.90. The trade was a 3.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Gevo Trading Down 9.9 %

NASDAQ:GEVO opened at $1.14 on Friday. The business’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.75. The firm has a market capitalization of $271.73 million, a PE ratio of -3.34 and a beta of 2.72. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, March 27th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $4.15 million for the quarter, compared to the consensus estimate of $3.85 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. Research analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Gevo during the 4th quarter valued at $27,000. IHT Wealth Management LLC purchased a new position in Gevo in the 4th quarter valued at about $29,000. Signal Advisors Wealth LLC acquired a new stake in shares of Gevo during the fourth quarter valued at about $34,000. Commonwealth Equity Services LLC purchased a new stake in shares of Gevo during the fourth quarter worth about $49,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Gevo in the fourth quarter worth about $49,000. 35.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Friday.

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.