Gevo Inc (NASDAQ:GEVO) insider Timothy J. Cesarek acquired 25,000 shares of Gevo stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $1.91 per share, for a total transaction of $47,750.00. Following the completion of the purchase, the insider now directly owns 30,000 shares in the company, valued at $57,300. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
GEVO stock traded down $0.02 on Friday, reaching $1.99. 56,706 shares of the company were exchanged, compared to its average volume of 538,112. Gevo Inc has a 12 month low of $1.79 and a 12 month high of $24.74. The firm has a market capitalization of $23.06 million, a P/E ratio of -0.38 and a beta of 2.79.
Gevo (NASDAQ:GEVO) last announced its earnings results on Wednesday, May 8th. The energy company reported ($0.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.16). Gevo had a negative return on equity of 27.80% and a negative net margin of 101.89%. The company had revenue of $6.40 million for the quarter, compared to the consensus estimate of $5.57 million. As a group, equities analysts anticipate that Gevo Inc will post -1.47 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the stock. ValuEngine cut shares of Gevo from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research cut shares of Gevo from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Finally, HC Wainwright set a $10.00 price target on shares of Gevo and gave the company a “buy” rating in a research report on Thursday, March 28th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Gevo by 4,086.6% during the third quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock valued at $614,000 after purchasing an additional 151,368 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Gevo by 596.4% during the third quarter. Vanguard Group Inc now owns 91,617 shares of the energy company’s stock valued at $363,000 after buying an additional 78,461 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Gevo by 596.4% during the third quarter. Vanguard Group Inc. now owns 91,617 shares of the energy company’s stock valued at $363,000 after buying an additional 78,461 shares during the last quarter. KBC Group NV boosted its position in shares of Gevo by 226.3% during the fourth quarter. KBC Group NV now owns 48,033 shares of the energy company’s stock valued at $94,000 after buying an additional 33,313 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new position in shares of Gevo during the first quarter valued at approximately $67,000. Hedge funds and other institutional investors own 8.55% of the company’s stock.
Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.
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