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

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 10,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $1.33, for a total transaction of $13,300.00. Following the completion of the sale, the insider now directly owns 322,430 shares in the company, valued at approximately $428,831.90. This represents a 3.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Gevo Trading Down 9.9 %

Gevo stock traded down $0.13 during mid-day trading on Friday, hitting $1.14. The company's stock had a trading volume of 4,459,041 shares, compared to its average volume of 5,601,183. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The company has a 50 day moving average of $1.55 and a 200-day moving average of $1.76. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The stock has a market cap of $271.73 million, a PE ratio of -3.34 and a beta of 2.72.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.02. The firm had revenue of $4.15 million during the quarter, compared to analyst estimates of $3.85 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. On average, research analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.

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Hedge Funds Weigh In On Gevo

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Gevo in the fourth quarter valued at approximately $27,000. IHT Wealth Management LLC purchased a new stake in shares of Gevo in the 4th quarter worth $29,000. Signal Advisors Wealth LLC purchased a new position in shares of Gevo during the fourth quarter valued at $34,000. VisionPoint Advisory Group LLC raised its holdings in shares of Gevo by 200.9% in the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock valued at $65,000 after acquiring an additional 18,734 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its stake in Gevo by 28.5% in the fourth quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock worth $188,000 after acquiring an additional 19,980 shares during the period. 35.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a "buy" rating and issued a $14.00 price objective 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.