Gevo (NASDAQ:GEVO) CEO Paul Bloom Sells 35,189 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) CEO Paul Bloom sold 35,189 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $1.43, for a total value of $50,320.27. Following the completion of the sale, the chief executive officer owned 1,483,399 shares of the company’s stock, valued at approximately $2,121,260.57. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Price Performance

GEVO traded up $0.03 during trading on Monday, hitting $1.43. 3,021,834 shares of the stock traded hands, compared to its average volume of 3,593,225. The company has a market cap of $348.08 million, a price-to-earnings ratio of -11.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51. Gevo, Inc. has a twelve month low of $1.12 and a twelve month high of $2.97. The business has a 50 day moving average price of $1.82 and a 200 day moving average price of $2.00.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $42.95 million for the quarter, compared to the consensus estimate of $44.90 million. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. Equities research analysts forecast that Gevo, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gevo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC lifted its position in Gevo by 107.7% during the fourth quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock valued at $8,277,000 after purchasing an additional 2,146,019 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Gevo by 41.3% in the 4th quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after buying an additional 1,719,381 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Gevo by 118.1% during 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 buying an additional 1,548,302 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 buying an additional 1,364,924 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Gevo by 153.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock worth $6,047,000 after acquiring an additional 1,342,400 shares during the last quarter. 35.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GEVO. UBS Group reissued a “neutral” rating and set a $2.00 target price (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Wall Street Zen lowered shares of Gevo from a “hold” rating to a “strong sell” rating in a research report on Sunday, May 10th. Northland Securities set a $3.50 price target on Gevo and gave the company an “outperform” rating in a research report on Thursday, April 16th. Zacks Research lowered shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.75.

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.