Gevo (NASDAQ:GEVO) Director Sells $220,588.20 in Stock

Gevo, Inc. (NASDAQ:GEVO) Director Patrick Gruber sold 157,563 shares of Gevo stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $1.40, for a total transaction of $220,588.20. Following the sale, the director owned 3,571,430 shares of the company’s stock, valued at approximately $5,000,002. The trade was a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gevo Stock Performance

NASDAQ GEVO traded up $0.03 on Monday, hitting $1.43. 3,021,834 shares of the company’s stock traded hands, compared to its average volume of 3,593,225. The company has a current ratio of 4.31, a quick ratio of 3.51 and a debt-to-equity ratio of 0.37. Gevo, Inc. has a 1-year low of $1.12 and a 1-year high of $2.97. The firm’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $2.00. The firm has a market capitalization of $348.08 million, a PE ratio of -11.00 and a beta of 0.99.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%.The company had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $44.90 million. As a group, analysts expect that Gevo, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on GEVO. HC Wainwright restated a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Northland Securities set a $3.50 target price on Gevo and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Wall Street Zen downgraded Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. Zacks Research downgraded Gevo from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.75.

Hedge Funds Weigh In On Gevo

Hedge funds have recently bought and sold shares of the business. Key Client Fiduciary Advisors LLC purchased a new position in Gevo during the fourth quarter worth approximately $25,000. Berger Financial Group Inc purchased a new position in Gevo during the fourth quarter worth approximately $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Gevo during the first quarter worth approximately $28,000. BNP Paribas Financial Markets boosted its position in Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after purchasing an additional 12,136 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in Gevo during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

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.