Gevo, Inc. (NASDAQ:GEVO) CEO Patrick R. Gruber Sells 108,966 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) CEO Patrick R. Gruber sold 108,966 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total value of $64,289.94. Following the completion of the sale, the chief executive officer now owns 4,049,680 shares of the company’s stock, valued at approximately $2,389,311.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Gevo Stock Performance

Shares of GEVO stock opened at $0.57 on Friday. The company has a current ratio of 12.80, a quick ratio of 12.62 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a fifty-two week low of $0.53 and a fifty-two week high of $1.72. The stock has a 50 day moving average price of $0.62 and a two-hundred day moving average price of $0.72.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Gevo had a negative net margin of 393.88% and a negative return on equity of 11.97%. The company had revenue of $3.99 million during the quarter, compared to the consensus estimate of $4.39 million. As a group, research analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current year.

Institutional Trading of Gevo

Several hedge funds and other institutional investors have recently bought and sold shares of GEVO. SG Americas Securities LLC bought a new stake in Gevo in the fourth quarter valued at approximately $151,000. RPO LLC purchased a new position in shares of Gevo during the fourth quarter valued at approximately $77,000. Tower Research Capital LLC TRC increased its stake in shares of Gevo by 136.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company’s stock valued at $57,000 after buying an additional 28,323 shares during the period. Thomist Capital Management LP purchased a new position in shares of Gevo during the first quarter valued at approximately $1,833,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Gevo during the first quarter valued at approximately $89,000. Institutional investors own 35.17% of the company’s stock.

Analysts Set New Price Targets

GEVO has been the subject of a number of recent research reports. HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, May 3rd. UBS Group dropped their target price on Gevo from $1.36 to $0.85 and set a “neutral” rating for the company in a research report on Wednesday, April 10th.

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.