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

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

Gevo Price Performance

Shares of NASDAQ GEVO traded up $0.03 during midday trading on Monday, hitting $1.43. The stock had a trading volume of 3,021,834 shares, compared to its average volume of 3,593,225. The company has a market capitalization of $348.08 million, a PE ratio of -11.00 and a beta of 0.99. The stock has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $2.00. Gevo, Inc. has a 1 year low of $1.12 and a 1 year high of $2.97. 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 (NASDAQ:GEVO) last released its earnings results on Thursday, May 7th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $44.90 million. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. On average, sell-side analysts expect that Gevo, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Gevo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Key Client Fiduciary Advisors LLC acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $25,000. Berger Financial Group Inc acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Gevo in the first quarter valued at approximately $28,000. BNP Paribas Financial Markets increased its holdings in shares of Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after purchasing an additional 12,136 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GEVO. UBS Group restated a “neutral” rating and issued a $2.00 target price (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Zacks Research cut Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.75.

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.