Gevo (NASDAQ:GEVO) Shares Down 21.7% After Insider Selling

Gevo, Inc. (NASDAQ:GEVO) fell 21.7% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $1.80 and last traded at $1.84. 7,146,656 shares were traded during 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 Gevo stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

GEVO has been the topic of several recent research reports. HC Wainwright restated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, October 18th. UBS Group increased their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Trading Up 10.5 %

The firm’s 50 day moving average price is $1.78 and its 200-day moving average price is $1.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The stock has a market cap of $454.99 million, a P/E ratio of -5.94 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) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The business 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 period in the prior year, the firm posted ($0.06) EPS. As a group, equities research analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GEVO. Bayesian Capital Management LP purchased a new position in Gevo in the 1st quarter worth about $27,000. Lauterbach Financial Advisors LLC bought a new stake in shares of Gevo in the third quarter worth approximately $29,000. Alternative Investment Advisors LLC. purchased a new position in shares of Gevo during the second quarter valued at approximately $51,000. Point72 DIFC Ltd bought a new position in Gevo during the second quarter valued at approximately $64,000. Finally, Paloma Partners Management Co purchased a new stake in Gevo in the first quarter worth approximately $74,000. 35.17% of the stock is owned by institutional investors.

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.