Gary Mize Sells 107,100 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) Director Gary Mize sold 107,100 shares of Gevo stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $2.33, for a total value of $249,543.00. Following the completion of the transaction, the director directly owned 281,226 shares in the company, valued at approximately $655,256.58. This represents a 27.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gevo Stock Down 2.1%

GEVO opened at $2.38 on Friday. Gevo, Inc. has a 1-year low of $0.92 and a 1-year high of $2.95. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $577.91 million, a price-to-earnings ratio of -18.31 and a beta of 1.51. The business has a 50 day moving average of $1.98 and a 200-day moving average of $2.05.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $45.35 million for the quarter, compared to the consensus estimate 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 anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Gevo

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in Gevo by 11.0% in the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company’s stock valued at $123,000 after buying an additional 9,249 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Gevo by 83.0% during the 4th quarter. Corient Private Wealth LLC now owns 20,950 shares of the energy company’s stock worth $42,000 after acquiring an additional 9,500 shares during the period. Cetera Investment Advisers boosted its position in shares of Gevo by 29.0% during the 4th quarter. Cetera Investment Advisers now owns 49,137 shares of the energy company’s stock valued at $98,000 after acquiring an additional 11,040 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Gevo by 138.1% during the 2nd 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 in the last quarter. Finally, Key Client Fiduciary Advisors LLC bought a new stake in Gevo in the fourth quarter valued at about $25,000. Institutional investors and hedge funds 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.