Gevo (NASDAQ:GEVO) Insider Andrew Shafer Sells 9,443 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 9,443 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.43, for a total value of $13,503.49. Following the completion of the transaction, the insider owned 311,608 shares in the company, valued at approximately $445,599.44. This represents a 2.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Andrew Shafer also recently made the following trade(s):

• On Wednesday, May 27th, Andrew Shafer sold 32,667 shares of Gevo stock. The shares were sold at an average price of $1.76, for a total value of $57,493.92.
• On Friday, May 1st, Andrew Shafer sold 5,550 shares of Gevo stock. The shares were sold at an average price of $2.00, for a total value of $11,100.00.
• On Wednesday, April 1st, Andrew Shafer sold 5,550 shares of Gevo stock. The shares were sold at an average price of $2.71, for a total value of $15,040.50.

Gevo Price Performance

Gevo stock opened at $1.43 on Tuesday. The business’s 50-day simple moving average is $1.80 and its 200 day simple moving average is $2.00. The stock has a market cap of $348.08 million, a price-to-earnings ratio of -11.00 and a beta of 0.99. Gevo, Inc. has a 12-month low of $1.12 and a 12-month high of $2.97. The company has a quick ratio of 3.51, a current ratio of 4.31 and a debt-to-equity ratio of 0.37.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $42.95 million during the quarter, compared to the consensus estimate of $44.90 million. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. As a group, research analysts anticipate that Gevo, Inc. will post -0.11 earnings per share for the current year.

Gevo News Summary

Here are the key news stories impacting Gevo this week:

• Positive Sentiment: The stock continues to have a relatively strong liquidity position, with a quick ratio of 3.51 and current ratio of 4.31, which may help support operations while the company works through its growth strategy.
• Neutral Sentiment: Gevo previously reported quarterly revenue of $42.95 million, which was close to analyst expectations, showing the business is generating meaningful sales even though profitability remains negative.
• Neutral Sentiment: Several insider trades were executed under pre-arranged Rule 10b5-1 plans and were described as being related to tax withholding from equity award vesting, which may limit how much the sales should be read as a negative signal.
• Negative Sentiment: Director Patrick Gruber sold 157,563 shares, and multiple other executives including the CEO, CFO, COO, VP, and another insider also sold shares, creating a broad wave of insider selling that could pressure the stock. Article Title
• Negative Sentiment: Gevo recently missed earnings estimates and remains unprofitable, with a negative EPS result, negative net margin, and analysts expecting another loss this year, all of which can keep pressure on the shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group reiterated a “neutral” rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. Northland Securities set a $3.50 price objective on Gevo and gave the stock an “outperform” rating in a research note on Thursday, April 16th. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.75.

Institutional Investors Weigh In On Gevo

Institutional investors have recently made changes to their positions in the stock. Rafferty Asset Management LLC acquired a new stake in shares of Gevo during the third quarter worth $561,000. State of Wyoming lifted its holdings in Gevo by 389.6% during the first quarter. State of Wyoming now owns 139,543 shares of the energy company’s stock worth $381,000 after acquiring an additional 111,041 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in Gevo during the first quarter worth about $49,000. Sigma Planning Corp bought a new position in Gevo during the first quarter worth about $46,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Gevo during the first quarter worth about $28,000. 35.17% of the stock is owned by institutional investors and hedge funds.

About Gevo

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.