James Barber Buys 50,000 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) Director James Barber bought 50,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $1.54 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director owned 120,000 shares of the company’s stock, valued at $184,800. This trade represents a 71.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gevo Stock Performance

Shares of GEVO stock opened at $1.69 on Wednesday. Gevo, Inc. has a one year low of $1.37 and a one year high of $2.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.19 and a current ratio of 2.70. The company has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.79. The firm has a market capitalization of $417.84 million, a price-to-earnings ratio of -1.90 and a beta of 1.04.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. The company had revenue of $46.50 million for the quarter, compared to the consensus estimate of $46.40 million. Sell-side analysts anticipate that Gevo, Inc. will post -0.72 EPS for the current year.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently bought and sold shares of GEVO. Vanguard Group Inc. lifted its position in shares of Gevo by 3.0% during the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock worth $30,350,000 after purchasing an additional 455,543 shares in the last quarter. State Street Corp grew its holdings in Gevo by 12.6% during the 4th quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock valued at $16,849,000 after purchasing an additional 944,287 shares in the last quarter. Invesco Ltd. grew its holdings in Gevo by 41.3% during the 4th quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock valued at $11,758,000 after purchasing an additional 1,719,381 shares in the last quarter. Nuveen LLC increased its stake in Gevo by 107.7% during the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after buying an additional 2,146,019 shares during the period. Finally, Millennium Management LLC increased its stake in Gevo by 1.9% during the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock worth $3,803,000 after buying an additional 61,919 shares during the period. 35.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GEVO shares. Wall Street Zen raised Gevo from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. UBS Group restated a “neutral” rating and issued a $2.00 price objective (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $1.90 price objective on shares of Gevo in a research note on Friday, August 14th. Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.55.

Gevo Company Profile

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.