Andrew Shafer Sells 5,000 Shares of Gevo (NASDAQ:GEVO) Stock

by · The Markets Daily

Gevo, Inc. (NASDAQ:GEVO – Get Free Report) insider Andrew Shafer sold 5,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $2.19, for a total value of $10,950.00. Following the sale, the insider owned 275,823 shares in the company, valued at approximately $604,052.37. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Thursday, November 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $1.99, for a total transaction of $9,950.00.
  • On Monday, November 3rd, Andrew Shafer sold 29,797 shares of Gevo stock. The stock was sold at an average price of $2.28, for a total transaction of $67,937.16.
  • On Monday, October 20th, Andrew Shafer sold 5,000 shares of Gevo stock. The shares were sold at an average price of $2.53, for a total value of $12,650.00.

Gevo Price Performance

Shares of NASDAQ:GEVO traded down $0.02 on Tuesday, hitting $2.16. The company had a trading volume of 1,745,169 shares, compared to its average volume of 4,927,260. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. Gevo, Inc. has a 52-week low of $0.92 and a 52-week high of $2.98. The business has a 50 day moving average of $2.22 and a 200 day moving average of $1.83. The company has a market cap of $523.39 million, a PE ratio of -10.80 and a beta of 1.44.

Gevo (NASDAQ:GEVO – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $42.71 million during the quarter, compared to analysts’ expectations of $26.82 million. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%. As a group, equities analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in Gevo by 11.0% during the second quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company’s stock worth $123,000 after acquiring an additional 9,249 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Gevo by 138.1% in the 2nd 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 in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Gevo by 133.9% during the 3rd quarter. Squarepoint Ops LLC now owns 25,804 shares of the energy company’s stock worth $51,000 after purchasing an additional 14,773 shares during the period. Mackenzie Financial Corp acquired a new stake in Gevo during the 3rd quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Gevo by 343.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 21,855 shares of the energy company’s stock valued at $43,000 after buying an additional 16,926 shares during the period. Institutional investors and hedge funds own 35.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GEVO. Northland Securities began coverage on shares of Gevo in a research report on Monday, December 1st. They set an “outperform” rating and a $3.00 target price on the stock. HC Wainwright restated a “buy” rating on shares of Gevo in a report on Wednesday, October 15th. Wall Street Zen raised Gevo from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research report on Wednesday, October 8th. Finally, UBS Group lifted their price target on Gevo from $1.15 to $2.25 and gave the company a “neutral” rating in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.42.

Get Our Latest Analysis on GEVO

About Gevo

(Get Free Report)

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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