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

Gevo, Inc. (NASDAQ:GEVO) CEO Paul Bloom sold 35,189 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $1.43, for a total transaction of $50,320.27. Following the sale, the chief executive officer directly owned 1,483,399 shares in the company, valued at $2,121,260.57. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 Stock Up 2.1%

Shares of NASDAQ:GEVO opened at $1.43 on Tuesday. The stock has a market capitalization of $348.08 million, a price-to-earnings ratio of -11.00 and a beta of 0.99. Gevo, Inc. has a 1-year low of $1.12 and a 1-year high of $2.97. The company’s fifty day moving average is $1.80 and its two-hundred day moving average is $2.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.51 and a current ratio of 4.31.

Gevo (NASDAQ:GEVO) last issued 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 business had revenue of $42.95 million for the quarter, compared to analyst estimates of $44.90 million. Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%. Equities analysts anticipate that Gevo, Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GEVO. UBS Group reissued a “neutral” rating and set a $2.00 target price (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. Wall Street Zen cut shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. Zacks Research cut shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, HC Wainwright reissued a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Two equities 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 company’s stock. According to data from MarketBeat, Gevo currently has a consensus rating of “Hold” and an average price target of $2.75.

Key Headlines 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.

Institutional Investors Weigh In On Gevo

A number of hedge funds have recently made changes to their positions in the business. J. Derek Lewis & Associates Inc. raised its holdings 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 buying an additional 100,000 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Gevo by 166.1% during the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock valued at $5,970,000 after buying an additional 1,364,924 shares during the last quarter. Amundi raised its holdings in shares of Gevo by 25.6% during the first quarter. Amundi now owns 135,539 shares of the energy company’s stock valued at $370,000 after buying an additional 27,636 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Gevo by 153.8% during the first 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 shares of Gevo during the first quarter valued at approximately $153,000. Institutional investors own 35.17% of the company’s stock.

About Gevo

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.