Gevo (NASDAQ:GEVO) Director Sells $220,588.20 in Stock

Gevo, Inc. (NASDAQ:GEVO) Director Patrick Gruber sold 157,563 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $1.40, for a total value of $220,588.20. Following the completion of the transaction, the director directly owned 3,571,430 shares in the company, valued at $5,000,002. The trade was a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gevo Price Performance

Gevo stock opened at $1.49 on Thursday. Gevo, Inc. has a 12 month low of $1.12 and a 12 month high of $2.97. The stock’s 50 day moving average is $1.77 and its 200-day moving average is $1.99. The company has a current ratio of 4.31, a quick ratio of 3.51 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $362.68 million, a price-to-earnings ratio of -11.46 and a beta of 0.99.

Gevo (NASDAQ:GEVO) last posted its 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). Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. The firm had revenue of $42.95 million during the quarter, compared to analyst estimates of $44.90 million. Equities research analysts expect that Gevo, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

GEVO has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research report on Tuesday, April 21st. Zacks Research downgraded Gevo from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. UBS Group reissued a “neutral” rating and set a $2.00 price target (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. HC Wainwright reissued a “buy” rating on shares of Gevo in a research report on Tuesday, May 26th. Finally, Wall Street Zen downgraded Gevo from a “hold” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Gevo has an average rating of “Hold” and a consensus price target of $2.75.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC bought a new position in Gevo in the fourth quarter valued at approximately $25,000. Berger Financial Group Inc bought a new position in Gevo in the fourth quarter valued at approximately $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Gevo in the first quarter valued at approximately $28,000. BNP Paribas Financial Markets increased its stake in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after acquiring an additional 12,136 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Gevo in the 4th quarter valued at $28,000. Institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

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.