Insider Selling: Gevo (NASDAQ:GEVO) COO Sells 29,797 Shares of Stock

Gevo, Inc. (NASDAQ:GEVOGet Free Report) COO Christopher Michael Ryan sold 29,797 shares of Gevo stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $2.96, for a total value of $88,199.12. Following the sale, the chief operating officer owned 1,402,141 shares of the company’s stock, valued at approximately $4,150,337.36. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, March 30th, Christopher Michael Ryan sold 100,000 shares of Gevo stock. The shares were sold at an average price of $2.76, for a total value of $276,000.00.

Gevo Stock Up 0.6%

NASDAQ:GEVO traded up $0.02 during mid-day trading on Thursday, reaching $2.41. The stock had a trading volume of 2,148,590 shares, compared to its average volume of 3,535,336. The stock has a market cap of $583.98 million, a P/E ratio of -18.50 and a beta of 1.51. The business’s 50 day moving average is $2.09 and its 200 day moving average is $2.12. 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, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $2.97.

Gevo (NASDAQ:GEVOGet Free Report) last posted its earnings results on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $45.35 million during the quarter, compared to analysts’ expectations of $43.52 million. Gevo had a negative net margin of 21.07% and a negative return on equity of 7.20%. As a group, sell-side analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on Gevo

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Hedge Funds Weigh In On Gevo

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

About Gevo

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Gevo (NASDAQ:GEVO)

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