Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 10,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $1.33, for a total value of $13,300.00. Following the completion of the sale, the insider now directly owns 322,430 shares of the company's stock, valued at approximately $428,831.90. This represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Gevo Stock Performance
NASDAQ:GEVO opened at $1.23 on Thursday. The company's 50-day moving average is $1.59 and its two-hundred day moving average is $1.75. The firm has a market capitalization of $294.47 million, a price-to-earnings ratio of -3.62 and a beta of 2.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $3.39.
Hedge Funds Weigh In On Gevo
Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Gevo during the fourth quarter worth $27,000. IHT Wealth Management LLC acquired a new position in shares of Gevo in the fourth quarter worth $29,000. Signal Advisors Wealth LLC purchased a new stake in shares of Gevo during the fourth quarter worth $34,000. Commonwealth Equity Services LLC acquired a new stake in shares of Gevo in the fourth quarter valued at $49,000. Finally, ExodusPoint Capital Management LP purchased a new position in Gevo in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 35.17% of the company's stock.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Monday, March 10th.
Check Out Our Latest Report on Gevo
Gevo Company Profile
(
Get Free Report)
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.
Further Reading
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