Gevo (NASDAQ:GEVO) CEO Paul Bloom Sells 35,189 Shares

Gevo, Inc. (NASDAQ:GEVO) CEO Paul Bloom sold 35,189 shares of Gevo stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $1.43, for a total value of $50,320.27. Following the sale, the chief executive officer directly owned 1,483,399 shares of the company’s stock, valued at approximately $2,121,260.57. This trade represents a 2.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gevo Price Performance

Shares of Gevo stock traded up $0.03 during trading on Monday, hitting $1.43. 3,021,834 shares of the stock traded hands, compared to its average volume of 3,593,225. The stock has a market cap of $348.08 million, a price-to-earnings ratio of -11.00 and a beta of 0.99. The company has a quick ratio of 3.51, a current ratio of 4.31 and a debt-to-equity ratio of 0.37. Gevo, Inc. has a 52 week low of $1.12 and a 52 week high of $2.97. The firm’s fifty day moving average is $1.82 and its 200-day moving average is $2.00.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Northland Securities set a $3.50 price objective on shares of Gevo and gave the stock an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research report on Tuesday, April 21st. UBS Group reissued a “neutral” rating and issued a $2.00 price target (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. Zacks Research lowered shares of Gevo from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Institutional Trading of Gevo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. J. Derek Lewis & Associates Inc. boosted its stake in shares of Gevo by 23.0% during the first quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock valued at $1,461,000 after purchasing an additional 100,000 shares during the period. Bank of America Corp DE increased its stake in shares of Gevo by 166.1% in the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock worth $5,970,000 after buying an additional 1,364,924 shares during the period. Amundi increased its stake in shares of Gevo by 25.6% in the first quarter. Amundi now owns 135,539 shares of the energy company’s stock worth $370,000 after buying an additional 27,636 shares during the period. Renaissance Technologies LLC raised its holdings in Gevo by 153.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after buying an additional 1,342,400 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in Gevo during the 1st quarter valued at $153,000. 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.