Insider Selling: Gevo (NASDAQ:GEVO) Insider Sells $22,122.10 in Stock

Gevo, Inc. (NASDAQ:GEVO) insider Kimberly Bowron sold 15,470 shares of Gevo stock in a transaction on 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 transaction, the insider directly owned 696,295 shares in the company, valued at approximately $995,701.85. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Stock Up 2.8%

Shares of NASDAQ GEVO opened at $1.49 on Thursday. The company has a quick ratio of 3.51, a current ratio of 4.31 and a debt-to-equity ratio of 0.37. Gevo, Inc. has a 52 week low of $1.12 and a 52 week high of $2.97. The firm’s fifty day moving average is $1.77 and its 200 day moving average is $1.99. The company has a market cap of $362.68 million, a price-to-earnings ratio of -11.46 and a beta of 0.99.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Gevo by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock worth $30,350,000 after purchasing an additional 455,543 shares in the last quarter. State Street Corp boosted its stake in Gevo by 12.6% in the 4th quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock worth $16,849,000 after purchasing an additional 944,287 shares in the last quarter. Invesco Ltd. boosted its stake in 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 purchasing an additional 1,719,381 shares in the last quarter. Nuveen LLC boosted its stake in Gevo by 107.7% in the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after purchasing an additional 2,146,019 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Gevo by 1.9% in the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock worth $3,803,000 after purchasing an additional 61,919 shares in the last quarter. Institutional investors own 35.17% of the company’s stock.

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.