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

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 9,443 shares of the stock in a transaction on 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 directly 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 hyperlink. 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 Stock Up 1.4%

GEVO opened at $1.45 on Wednesday. The stock has a market cap of $352.94 million, a PE ratio of -11.15 and a beta of 0.99. 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, Inc. has a 52 week low of $1.12 and a 52 week high of $2.97. The business’s fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.99.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 expect that Gevo, Inc. will post -0.11 earnings per share for the current fiscal year.

Key Gevo News

Here are the key news stories impacting Gevo this week:

• Negative Sentiment: Multiple Gevo insiders sold shares over the past few days, including CEO Paul D. Bloom, COO Christopher Michael Ryan, CFO Oluwagbemileke Yusuf Agiri, Director Patrick R. Gruber, and others, creating a broad wave of insider selling that may pressure investor confidence. Article Title
• Neutral Sentiment: Most of the insider sales were executed under pre-arranged Rule 10b5-1 plans and were described as being related to tax withholding on equity awards, which suggests the selling may not reflect a change in the company’s outlook.
• Neutral Sentiment: Gevo previously reported revenue of $42.95 million, roughly in line with expectations, but it remains unprofitable and analysts still expect a loss for the year, so the fundamental picture is mixed.
• Positive Sentiment: The company’s balance sheet appears relatively liquid, with a current ratio of 4.31 and quick ratio of 3.51, which may help support operations while Gevo continues building its renewable fuels business.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Zacks Research cut Gevo from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. UBS Group reaffirmed a “neutral” rating and set a $2.00 price objective (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Gevo has a consensus rating of “Hold” and an average price target of $2.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GEVO. Key Client Fiduciary Advisors LLC bought a new position in shares of Gevo during the fourth quarter valued at about $25,000. Berger Financial Group Inc bought a new position in shares of Gevo during the fourth quarter valued at about $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Gevo during the first quarter valued at about $28,000. BNP Paribas Financial Markets grew its stake in shares of Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after buying an additional 12,136 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Gevo during the fourth quarter worth about $28,000. 35.17% of the stock is owned by institutional investors.

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.