Gevo (NASDAQ:GEVO) Shares Gap Down – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO) shares gapped down before the market opened on Friday . The stock had previously closed at $2.65, but opened at $2.51. Gevo shares last traded at $2.91, with a volume of 4,905,306 shares traded.

Analysts Set New Price Targets

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

Gevo Stock Up 15.1 %

The firm has a fifty day moving average of $1.22 and a 200-day moving average of $0.84. 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 cap of $720.51 million, a P/E ratio of -10.00 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The company had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same quarter in the prior year, the business posted ($0.06) EPS. On average, equities research analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current year.

Insider Activity at Gevo

In other Gevo news, CEO Patrick R. Gruber sold 108,966 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total transaction of $64,289.94. Following the transaction, the chief executive officer now owns 4,049,680 shares of the company’s stock, valued at $2,389,311.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the transaction, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick R. Gruber sold 108,966 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total value of $64,289.94. Following the sale, the chief executive officer now owns 4,049,680 shares of the company’s stock, valued at approximately $2,389,311.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 759,600 shares of company stock worth $486,431. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of large investors have recently made changes to their positions in the company. Bayesian Capital Management LP bought a new stake in Gevo in the 1st quarter valued at $27,000. FinTrust Capital Advisors LLC bought a new stake in shares of Gevo in the first quarter valued at about $38,000. Alternative Investment Advisors LLC. bought a new stake in shares of Gevo in the second quarter valued at about $51,000. Point72 DIFC Ltd acquired a new position in shares of Gevo in the second quarter valued at about $64,000. Finally, Paloma Partners Management Co bought a new position in Gevo during the first quarter worth about $74,000. Institutional investors own 35.17% of the company’s stock.

About Gevo

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.