Gevo, Inc. Insider Sells Shares
On November 5th, Andrew Shafer, an insider at Gevo, Inc. (NASDAQ:GEVO), sold 26,911 shares of the company's stock. The shares were sold at an average price of $2.37 each, totaling approximately $63,779.07. After this transaction, Shafer retains ownership of 332,430 shares, which are valued at about $787,859.10. This sale represents a minimal decrease of 0.00% in his ownership stake. The details of this trade were disclosed in a filing with the Securities and Exchange Commission (SEC) available on their website.
Gevo Stock Performance
As of Thursday, Gevo's stock opened at $1.72. The company maintains a strong liquidity position with a current ratio of 10.22 and a quick ratio of 10.09, while also having a debt-to-equity ratio of just 0.13. The fifty-day moving average price stands at $1.76, and the 200-day moving average price is at $1.04. Over the past year, Gevo has experienced a low of $0.48 and a high of $3.39.
On August 8th, Gevo reported its quarterly earnings, revealing an earnings per share (EPS) of ($0.09), which aligns with analyst predictions. This quarter, the company recorded a negative return on equity of 13.50% and a net margin of 407.97%. Revenue for the quarter reached $5.26 million, surpassing analyst estimates of $3.93 million. The EPS for the same quarter last year was ($0.06), and analysts project that Gevo will have an EPS of -0.34 for the current year.
Institutional Inflows and Outflows
Large institutional investors have recently adjusted their positions in Gevo. Notably, Millennium Management LLC acquired a new position worth approximately $2.888 million in the second quarter. Point72 Asia Singapore Pte. Ltd. also purchased shares valued at $295,000 during the same period. Vanguard Group Inc. increased its stake in Gevo by 3.1% in the first quarter, owning 13,805,071 shares valued at $10.612 million after acquiring additional shares. Cubist Systematic Strategies LLC bought shares worth about $112,000, while Price T Rowe Associates Inc. MD boosted its holdings by 128.8% in the first quarter, now owning 341,936 shares worth $263,000. Overall, institutional investors and hedge funds hold around 35.17% of Gevo's stock.
Analyst Upgrades and Downgrades
Several analysts have shared their perspectives on Gevo. HC Wainwright reaffirmed a "buy" rating with a target price of $14.00 per share in an October 18th report. Additionally, UBS Group raised its price objective from $0.85 to $3.25, assigning a "neutral" rating to the stock as of October 22nd.
About Gevo
Gevo, Inc. operates as a carbon abatement company within segments like Gevo, Agri-Energy, and Renewable Natural Gas. The company aims to convert renewable energy into energy-dense liquid hydrocarbons for use as renewable fuels, offering products such as renewable gasoline, diesel, isobutanol, sustainable aviation fuel, and more.
Insider, Shares, Trading