Gary Mize Sells 91,459 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) Director Gary Mize sold 91,459 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.68, for a total value of $153,651.12. Following the sale, the director directly owned 388,326 shares in the company, valued at approximately $652,387.68. The trade was a 19.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gevo Price Performance

Shares of GEVO stock opened at $1.62 on Thursday. Gevo, Inc. has a 1-year low of $0.6703 and a 1-year high of $3.39. The stock’s 50-day moving average is $1.43 and its 200 day moving average is $1.33. The company has a market cap of $391.78 million, a P/E ratio of -6.23 and a beta of 2.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.33 and a quick ratio of 2.10.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%.The company had revenue of $43.41 million for the quarter, compared to the consensus estimate of $43.69 million. Research analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GEVO has been the subject of a number of research analyst reports. Wall Street Zen upgraded Gevo from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, May 30th. Finally, Zacks Research upgraded Gevo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.58.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEVO. 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 worth $5,626,000 after purchasing an additional 234,727 shares during the last quarter. Invesco Ltd. raised its stake in shares of Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company’s stock worth $8,966,000 after purchasing an additional 3,497,007 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Gevo during the fourth quarter valued at approximately $904,000. Raymond James Financial Inc. purchased a new position in Gevo during the fourth quarter valued at approximately $27,000. Finally, Barclays PLC raised its position in Gevo by 10,956,450.0% during the fourth quarter. Barclays PLC now owns 219,131 shares of the energy company’s stock valued at $458,000 after acquiring an additional 219,129 shares in the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

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.