Gevo (NASDAQ:GEVO) Director Purchases 50,000 Shares

Gevo, Inc. (NASDAQ:GEVO) Director James Barber purchased 50,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was purchased at an average cost of $1.54 per share, with a total value of $77,000.00. Following the acquisition, the director owned 120,000 shares in the company, valued at approximately $184,800. This represents a 71.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Gevo Stock Performance

Shares of GEVO stock traded down $0.01 during mid-day trading on Monday, reaching $1.53. The stock had a trading volume of 1,638,332 shares, compared to its average volume of 3,560,080. Gevo, Inc. has a one year low of $1.37 and a one year high of $2.97. The firm has a market cap of $378.27 million, a PE ratio of -1.72 and a beta of 1.04. The firm’s 50 day simple moving average is $1.53 and its 200 day simple moving average is $1.80. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 0.61.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, August 6th. The energy company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $46.50 million during the quarter, compared to analyst estimates of $46.40 million. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%. On average, analysts forecast that Gevo, Inc. will post -0.72 EPS for the current year.

Institutional Investors Weigh In On Gevo

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Gevo during the 2nd quarter worth about $926,000. J. Derek Lewis & Associates Inc. grew its stake in Gevo by 23.0% during the first quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock worth $1,461,000 after buying an additional 100,000 shares during the last quarter. Bank of America Corp DE grew its stake in Gevo by 166.1% during the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock worth $5,970,000 after buying an additional 1,364,924 shares during the last quarter. Amundi increased its holdings in shares of Gevo by 25.6% during the first quarter. Amundi now owns 135,539 shares of the energy company’s stock worth $370,000 after buying an additional 27,636 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Gevo by 153.8% during the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock worth $6,047,000 after buying an additional 1,342,400 shares in the last quarter. Institutional investors own 35.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. UBS Group reissued a “neutral” rating and issued a $2.00 target price (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. Wall Street Zen raised shares of Gevo from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Northland Securities set a $3.75 price target on shares of Gevo in a research note on Thursday, July 16th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.55.

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.