Paul Bloom Sells 35,189 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) CEO Paul Bloom sold 35,189 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $1.43, for a total value of $50,320.27. Following the completion of the transaction, the chief executive officer directly owned 1,483,399 shares in the company, valued at approximately $2,121,260.57. The trade was a 2.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 Price Performance

Gevo stock opened at $1.45 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51. The business has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $1.99. Gevo, Inc. has a 12 month low of $1.12 and a 12 month high of $2.97. The stock has a market capitalization of $352.94 million, a PE ratio of -11.15 and a beta of 0.99.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $42.95 million during the quarter, compared to analyst estimates of $44.90 million. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. Equities analysts predict that Gevo, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Gevo

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its holdings in shares of Gevo by 1.9% in the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock worth $3,803,000 after acquiring an additional 61,919 shares during the period. Goldman Sachs Group Inc. raised its holdings in Gevo by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after purchasing an additional 123,170 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Gevo by 915.8% during the second quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company’s stock worth $160,000 after purchasing an additional 109,363 shares in the last quarter. Legal & General Group Plc acquired a new stake in Gevo in the second quarter valued at $28,000. Finally, Rhumbline Advisers acquired a new stake in Gevo in the second quarter valued at $383,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GEVO. UBS Group reissued a “neutral” rating and set a $2.00 price target (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. Zacks Research lowered Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. HC Wainwright reiterated a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. Wall Street Zen downgraded Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. Finally, Northland Securities set a $3.50 price target on Gevo and gave the company an “outperform” rating in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Gevo presently 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.

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.