Insider Selling: Gevo, Inc. (NASDAQ:GEVO) COO Sells $23,494.39 in Stock

Gevo, Inc. (NASDAQ:GEVO) COO Christopher Michael Ryan sold 39,821 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total value of $23,494.39. Following the completion of the sale, the chief operating officer now directly owns 1,704,556 shares in the company, valued at $1,005,688.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gevo Stock Performance

NASDAQ GEVO opened at $0.54 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.80 and a quick ratio of 12.62. The stock’s 50 day simple moving average is $0.61 and its 200-day simple moving average is $0.72. The company has a market cap of $127.57 million, a PE ratio of -1.86 and a beta of 2.90. Gevo, Inc. has a 1-year low of $0.53 and a 1-year high of $1.72.

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 analysts’ consensus estimates 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 firm had revenue of $3.99 million during the quarter, compared to analysts’ expectations of $4.39 million. As a group, equities research analysts anticipate that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently modified their holdings of GEVO. Vanguard Group Inc. grew its stake in Gevo by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after acquiring an additional 409,693 shares in the last quarter. Thomist Capital Management LP acquired a new position in shares of Gevo during the 1st quarter worth approximately $1,833,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Gevo by 128.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock worth $263,000 after purchasing an additional 192,457 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $151,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on GEVO. UBS Group dropped their price target on shares of Gevo from $1.36 to $0.85 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, May 3rd.

About Gevo

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.