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

Gevo, Inc. (NASDAQ:GEVO)’s stock price was down 21.7% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $1.80 and last traded at $1.84. Approximately 7,146,656 shares were traded during mid-day trading, an increase of 23% from the average daily 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 sale, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Friday, October 18th. UBS Group boosted their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Price Performance

The firm has a fifty day moving average of $1.76 and a two-hundred day moving average of $1.04. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $411.89 million, a PE ratio of -5.38 and a beta of 2.94.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). The firm 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 in the prior year, the firm posted ($0.06) earnings per share. Research analysts anticipate that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Gevo

Several hedge funds have recently made changes to their positions in GEVO. Millennium Management LLC purchased a new stake in shares of Gevo in the 2nd quarter worth about $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Gevo in the 2nd quarter valued at approximately $295,000. Vanguard Group Inc. boosted its holdings in shares of Gevo by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after buying an additional 409,693 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Gevo in the 2nd quarter worth about $112,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Gevo in the 1st quarter worth about $89,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.