Kimberly Bowron Sells 15,470 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider Kimberly Bowron sold 15,470 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.43, for a total transaction of $22,122.10. Following the sale, the insider directly owned 696,295 shares of the company’s stock, valued at approximately $995,701.85. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 Performance

GEVO stock opened at $1.45 on Wednesday. The firm has a market cap of $352.94 million, a price-to-earnings ratio of -11.15 and a beta of 0.99. The firm has a 50-day simple moving average of $1.78 and a two-hundred day simple moving average of $1.99. Gevo, Inc. has a one year low of $1.12 and a one year high of $2.97. 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 released its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $42.95 million for 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, equities analysts forecast that Gevo, Inc. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on GEVO. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research report on Tuesday, April 21st. UBS Group reiterated a “neutral” rating and issued a $2.00 target price (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 target price on shares of Gevo and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Finally, Zacks Research cut shares of Gevo from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.75.

Key Headlines Impacting Gevo

Here are the key news stories impacting Gevo this week:

• Negative Sentiment: Multiple Gevo insiders sold shares over the past few days, including CEO Paul D. Bloom, COO Christopher Michael Ryan, CFO Oluwagbemileke Yusuf Agiri, Director Patrick R. Gruber, and others, creating a broad wave of insider selling that may pressure investor confidence. Article Title
• Neutral Sentiment: Most of the insider sales were executed under pre-arranged Rule 10b5-1 plans and were described as being related to tax withholding on equity awards, which suggests the selling may not reflect a change in the company’s outlook.
• Neutral Sentiment: Gevo previously reported revenue of $42.95 million, roughly in line with expectations, but it remains unprofitable and analysts still expect a loss for the year, so the fundamental picture is mixed.
• Positive Sentiment: The company’s balance sheet appears relatively liquid, with a current ratio of 4.31 and quick ratio of 3.51, which may help support operations while Gevo continues building its renewable fuels business.

Institutional Trading of Gevo

Institutional investors have recently bought and sold shares of the stock. Key Client Fiduciary Advisors LLC acquired a new stake in Gevo in the 4th quarter worth approximately $25,000. Berger Financial Group Inc acquired a new stake in Gevo in the 4th quarter worth approximately $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Gevo in the 1st quarter worth approximately $28,000. BNP Paribas Financial Markets boosted its stake in Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after purchasing an additional 12,136 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Gevo in the 4th quarter worth approximately $28,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.