Gevo, Inc. (NASDAQ:GEVO) COO Christopher Michael Ryan Sells 43,964 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) COO Christopher Michael Ryan sold 43,964 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1.25, for a total value of $54,955.00. Following the completion of the sale, the chief operating officer owned 1,676,120 shares of the company’s stock, valued at approximately $2,095,150. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Christopher Michael Ryan also recently made the following trade(s):

• On Friday, May 30th, Christopher Michael Ryan sold 73,934 shares of Gevo stock. The stock was sold at an average price of $1.28, for a total transaction of $94,635.52.

Gevo Trading Up 0.8%

Shares of Gevo stock opened at $1.23 on Tuesday. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39. The company’s fifty day simple moving average is $1.35 and its 200-day simple moving average is $1.35. The company has a market cap of $294.66 million, a price-to-earnings ratio of -3.42 and a beta of 2.67. The company has a current ratio of 2.04, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $29.11 million for the quarter, compared to analyst estimates of $22.19 million. Gevo had a negative net margin of 193.87% and a negative return on equity of 16.41%. As a group, sell-side analysts expect that Gevo, Inc. will post -0.42 EPS for the current year.

Institutional Investors Weigh In On Gevo

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Gevo by 160.7% in the 4th quarter. Bank of America Corp DE now owns 360,559 shares of the energy company’s stock worth $754,000 after acquiring an additional 222,237 shares during the period. Geode Capital Management LLC raised its stake in shares of Gevo by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company’s stock valued at $5,626,000 after purchasing an additional 234,727 shares in the last quarter. Two Sigma Investments LP lifted its position in Gevo by 671.3% in the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company’s stock worth $690,000 after purchasing an additional 287,150 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Gevo during the fourth quarter worth $49,000. Finally, Renaissance Technologies LLC bought a new stake in Gevo in the 4th quarter valued at $904,000. 35.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GEVO shares. Wall Street Zen downgraded shares of Gevo from a “hold” rating to a “sell” rating in a report on Saturday. HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Friday, May 30th.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.