Patrick Gruber Sells 157,563 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) Director Patrick Gruber sold 157,563 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $1.40, for a total value of $220,588.20. Following the completion of the transaction, the director directly owned 3,571,430 shares in the company, valued at approximately $5,000,002. This trade represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gevo Stock Performance

Shares of Gevo stock opened at $1.45 on Wednesday. Gevo, Inc. has a 52 week low of $1.12 and a 52 week high of $2.97. The business’s fifty day simple moving average is $1.78 and its 200-day simple moving average is $1.99. The firm has a market cap of $352.94 million, a PE ratio of -11.15 and a beta of 0.99. 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 (NASDAQ:GEVO) last announced its quarterly 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). Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. The business had revenue of $42.95 million during the quarter, compared to analyst estimates of $44.90 million. Equities analysts forecast that Gevo, Inc. will post -0.11 earnings per share for the current year.

Key Gevo News

Here are the key news stories impacting Gevo this week:

• Negative Sentiment: Multiple Gevo insiders sold shares over the past few days, including CEO Paul D. Bloom, COO Christopher Michael Ryan, CFO Oluwagbemileke Yusuf Agiri, Director Patrick R. Gruber, and others, creating a broad wave of insider selling that may pressure investor confidence. Article Title
• Neutral Sentiment: Most of the insider sales were executed under pre-arranged Rule 10b5-1 plans and were described as being related to tax withholding on equity awards, which suggests the selling may not reflect a change in the company’s outlook.
• Neutral Sentiment: Gevo previously reported revenue of $42.95 million, roughly in line with expectations, but it remains unprofitable and analysts still expect a loss for the year, so the fundamental picture is mixed.
• Positive Sentiment: The company’s balance sheet appears relatively liquid, with a current ratio of 4.31 and quick ratio of 3.51, which may help support operations while Gevo continues building its renewable fuels business.

Analysts Set New Price Targets

Several equities analysts have recently commented on GEVO shares. Northland Securities set a $3.50 price target on Gevo and gave the company an “outperform” rating in a research note on Thursday, April 16th. Wall Street Zen lowered Gevo from a “hold” rating to a “strong sell” rating in a research note on Sunday, May 10th. HC Wainwright reissued a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. UBS Group reissued 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. Finally, Zacks Research lowered Gevo from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.75.

Hedge Funds Weigh In On Gevo

Several hedge funds have recently bought and sold shares of GEVO. Key Client Fiduciary Advisors LLC purchased a new stake in Gevo during the 4th quarter worth about $25,000. Berger Financial Group Inc acquired a new stake in Gevo in the 4th quarter valued at about $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Gevo in the 1st quarter valued at about $28,000. BNP Paribas Financial Markets raised its position in Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after purchasing an additional 12,136 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Gevo in the 4th quarter valued at about $28,000. 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.