Gevo (GEVO) Trading -0.9% Higher Following Insider Buying Activity
Gevo, Inc. (NASDAQ:GEVO)’s share price traded up 0.9% on Friday following insider buying activity. The company traded as high as $3.29 and last traded at $3.16. 1,300 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 823,350 shares. The stock had previously closed at $3.19.
Specifically, CEO Patrick R. Gruber purchased 10,000 shares of the stock in a transaction dated Thursday, August 16th. The stock was bought at an average price of $2.93 per share, with a total value of $29,300.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.05% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on GEVO shares. HC Wainwright reaffirmed a “hold” rating on shares of Gevo in a report on Tuesday, May 15th. ValuEngine cut Gevo from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research raised Gevo from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th.
Gevo (NASDAQ:GEVO) last issued its earnings results on Wednesday, August 8th. The energy company reported ($3.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.80) by $2.49. Gevo had a negative return on equity of 26.55% and a negative net margin of 70.32%. The business had revenue of $9.42 million during the quarter, compared to analysts’ expectations of $5.90 million. equities research analysts predict that Gevo, Inc. will post -17.6 earnings per share for the current year.
An institutional investor recently bought a new position in Gevo stock. Jane Street Group LLC purchased a new stake in Gevo, Inc. (NASDAQ:GEVO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 28,231 shares of the energy company’s stock, valued at approximately $107,000. Jane Street Group LLC owned about 0.61% of Gevo at the end of the most recent quarter.
Gevo Company Profile (NASDAQ:GEVO)
Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.
Featured Article: Should you buy a closed-end mutual fund?
Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.