Gevo (NASDAQ:GEVO) Director Sells $249,543.00 in Stock

Gevo, Inc. (NASDAQ:GEVO) Director Gary Mize sold 107,100 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $2.33, for a total value of $249,543.00. Following the completion of the transaction, the director directly owned 281,226 shares in the company, valued at approximately $655,256.58. This represents a 27.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Gevo Stock Performance

Shares of NASDAQ:GEVO traded up $0.13 during mid-day trading on Thursday, reaching $2.43. 7,324,334 shares of the company traded hands, compared to its average volume of 3,205,751. The firm has a market cap of $590.06 million, a PE ratio of -18.69 and a beta of 1.51. Gevo, Inc. has a 52 week low of $0.92 and a 52 week high of $2.95. The company’s 50 day moving average price is $1.96 and its 200-day moving average price is $2.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.58.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $45.35 million for the quarter, compared to the consensus estimate of $43.52 million. Gevo had a negative net margin of 21.07% and a negative return on equity of 7.20%. On average, equities analysts expect that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Gevo by 3.0% during the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock worth $30,350,000 after purchasing an additional 455,543 shares in the last quarter. State Street Corp increased its holdings in Gevo by 12.6% in the 4th quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock worth $16,849,000 after buying an additional 944,287 shares during the period. Invesco Ltd. raised its holdings in shares of Gevo by 41.3% during the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after purchasing an additional 1,719,381 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gevo by 104.5% in the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after buying an additional 2,873,940 shares during the period. Finally, Nuveen LLC grew its stake in shares of Gevo by 107.7% during the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after purchasing an additional 2,146,019 shares during the period. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GEVO. Northland Securities reiterated an “outperform” rating and issued a $3.00 target price on shares of Gevo in a research report on Wednesday, December 31st. Wall Street Zen lowered shares of Gevo from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.42.

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.