Gevo (NASDAQ:GEVO) CFO Oluwagbemileke Yusuf Agiri Sells 63,028 Shares

Gevo, Inc. (NASDAQ:GEVO) CFO Oluwagbemileke Yusuf Agiri sold 63,028 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $1.40, for a total value of $88,239.20. Following the completion of the sale, the chief financial officer directly owned 491,116 shares of the company’s stock, valued at $687,562.40. The trade was a 11.37% 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.

Oluwagbemileke Yusuf Agiri also recently made the following trade(s):

• On Wednesday, May 27th, Oluwagbemileke Yusuf Agiri sold 31,958 shares of Gevo stock. The shares were sold at an average price of $1.77, for a total value of $56,565.66.

Gevo Trading Up 2.1%

Gevo stock opened at $1.43 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.51 and a current ratio of 4.31. The stock has a market cap of $348.08 million, a PE ratio of -11.00 and a beta of 0.99. The stock has a 50-day moving average of $1.80 and a two-hundred day moving average of $2.00. Gevo, Inc. has a one year low of $1.12 and a one year high of $2.97.

Gevo (NASDAQ:GEVO) last issued its quarterly 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). Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%.The business had revenue of $42.95 million for the quarter, compared to analysts’ expectations of $44.90 million. On average, research analysts anticipate that Gevo, Inc. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently bought and sold shares of the business. Key Client Fiduciary Advisors LLC acquired a new stake in Gevo during the 4th quarter valued at approximately $25,000. Berger Financial Group Inc acquired a new stake in shares of Gevo in the fourth quarter worth $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Gevo during the first quarter worth $28,000. BNP Paribas Financial Markets lifted 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 valued at $28,000 after purchasing an additional 12,136 shares during the period. Finally, Franklin Resources Inc. acquired a new position in Gevo during the fourth quarter valued at $28,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Gevo

Here are the key news stories impacting Gevo this week:

• Positive Sentiment: The stock continues to have a relatively strong liquidity position, with a quick ratio of 3.51 and current ratio of 4.31, which may help support operations while the company works through its growth strategy.
• Neutral Sentiment: Gevo previously reported quarterly revenue of $42.95 million, which was close to analyst expectations, showing the business is generating meaningful sales even though profitability remains negative.
• Neutral Sentiment: Several insider trades were executed under pre-arranged Rule 10b5-1 plans and were described as being related to tax withholding from equity award vesting, which may limit how much the sales should be read as a negative signal.
• Negative Sentiment: Director Patrick Gruber sold 157,563 shares, and multiple other executives including the CEO, CFO, COO, VP, and another insider also sold shares, creating a broad wave of insider selling that could pressure the stock. Article Title
• Negative Sentiment: Gevo recently missed earnings estimates and remains unprofitable, with a negative EPS result, negative net margin, and analysts expecting another loss this year, all of which can keep pressure on the shares.

Wall Street Analyst Weigh In

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