Insider Selling: Gevo (NASDAQ:GEVO) Insider Sells 15,470 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) insider Kimberly Bowron sold 15,470 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $1.43, for a total transaction of $22,122.10. Following the completion of the sale, the insider directly owned 696,295 shares of the company’s stock, valued at $995,701.85. The trade was a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 Stock Up 2.1%

Shares of GEVO stock traded up $0.03 during trading hours on Monday, hitting $1.43. 3,021,834 shares of the company were exchanged, compared to its average volume of 3,593,225. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.51 and a current ratio of 4.31. Gevo, Inc. has a one year low of $1.12 and a one year high of $2.97. The business’s 50-day simple moving average is $1.82 and its two-hundred day simple moving average is $2.00. The stock has a market capitalization of $348.08 million, a price-to-earnings ratio of -11.00 and a beta of 0.99.

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

Institutional Investors Weigh In On Gevo

Several large investors have recently made changes to their positions in GEVO. Nuveen LLC boosted its position in shares of Gevo by 107.7% during the fourth quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after buying an additional 2,146,019 shares during the period. Invesco Ltd. increased its position in Gevo by 41.3% in the 4th quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock valued at $11,758,000 after acquiring an additional 1,719,381 shares during the period. Goldman Sachs Group Inc. increased its position in Gevo by 118.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,859,441 shares of the energy company’s stock valued at $5,719,000 after acquiring an additional 1,548,302 shares during the period. Bank of America Corp DE raised its stake in Gevo by 166.1% during the 1st quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock valued at $5,970,000 after acquiring an additional 1,364,924 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Gevo by 153.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after acquiring an additional 1,342,400 shares in the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

Analyst Upgrades and Downgrades

GEVO has been the subject of a number of research analyst reports. Northland Securities set a $3.50 price target on Gevo and gave the company an “outperform” rating in a report on Thursday, April 16th. Wall Street Zen downgraded shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. UBS Group reiterated a “neutral” rating and set a $2.00 target price (down from $2.25) on shares of Gevo in a research note on Friday, May 22nd. HC Wainwright reissued a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.75.

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.