Insider Selling: Gevo (NASDAQ:GEVO) COO Sells $276,000.00 in Stock

Gevo, Inc. (NASDAQ:GEVOGet Free Report) COO Christopher Michael Ryan sold 100,000 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $2.76, for a total transaction of $276,000.00. Following the completion of the sale, the chief operating officer directly owned 1,431,938 shares in the company, valued at $3,952,148.88. This represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Christopher Michael Ryan also recently made the following trade(s):

  • On Tuesday, March 31st, Christopher Michael Ryan sold 29,797 shares of Gevo stock. The stock was sold at an average price of $2.96, for a total value of $88,199.12.

Gevo Stock Up 0.6%

Shares of GEVO traded up $0.02 during midday trading on Thursday, hitting $2.41. The stock had a trading volume of 2,148,590 shares, compared to its average volume of 3,535,336. The firm has a market cap of $583.98 million, a price-to-earnings ratio of -18.50 and a beta of 1.51. The company has a 50 day simple moving average of $2.09 and a two-hundred day simple moving average of $2.12. Gevo, Inc. has a twelve month low of $0.92 and a twelve month high of $2.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.58.

Gevo (NASDAQ:GEVOGet Free Report) last posted its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $45.35 million during the quarter, compared to the consensus estimate of $43.52 million. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%. On average, analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.

Key Headlines Impacting Gevo

Here are the key news stories impacting Gevo this week:

Hedge Funds Weigh In On Gevo

Institutional investors and hedge funds have recently made changes to their positions in the company. First Bank & Trust acquired a new stake in Gevo during the 3rd quarter worth approximately $6,007,000. Geode Capital Management LLC increased its position in Gevo by 104.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock worth $7,424,000 after buying an additional 2,873,940 shares during the period. Nuveen LLC lifted its holdings 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Gevo by 41.3% during the fourth 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Gevo by 118.1% in the fourth 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. Institutional investors and hedge funds own 35.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on GEVO

Gevo Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Gevo (NASDAQ:GEVO)

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