Gevo (NASDAQ:GEVO) Stock Price Down 21.7% on Insider Selling

Gevo, Inc. (NASDAQ:GEVO)’s stock price fell 21.7% during trading on Wednesday following insider selling activity. The company traded as low as $1.80 and last traded at $1.84. 7,146,656 shares were traded during mid-day trading, an increase of 23% from the average session volume of 5,824,201 shares. The stock had previously closed at $2.35.

Specifically, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analyst Ratings Changes

A number of analysts have weighed in on GEVO shares. UBS Group increased their price target on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, October 18th.

Gevo Trading Down 26.8 %

The business has a 50-day moving average price of $1.74 and a 200-day moving average price of $1.03. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $411.89 million, a P/E ratio of -5.44 and a beta of 2.94.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The company had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same period last year, the firm earned ($0.06) EPS. Analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Gevo

Hedge funds have recently modified their holdings of the stock. Bayesian Capital Management LP acquired a new stake in Gevo in the 1st quarter valued at $27,000. Lauterbach Financial Advisors LLC acquired a new stake in shares of Gevo in the 3rd quarter valued at $29,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo in the 2nd quarter valued at $51,000. Point72 DIFC Ltd bought a new stake in shares of Gevo in the 2nd quarter worth about $64,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Gevo during the 1st quarter worth about $74,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.