Gevo (NASDAQ:GEVO) COO Sells $50,330.28 in Stock

Gevo, Inc. (NASDAQ:GEVO) COO Christopher Michael Ryan sold 35,196 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $1.43, for a total value of $50,330.28. Following the transaction, the chief operating officer owned 1,279,245 shares of the company’s stock, valued at approximately $1,829,320.35. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.

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

• On Wednesday, May 27th, Christopher Michael Ryan sold 87,700 shares of Gevo stock. The stock was sold at an average price of $1.76, for a total value of $154,352.00.
• 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.
• On Monday, March 30th, Christopher Michael Ryan sold 100,000 shares of Gevo stock. The stock was sold at an average price of $2.76, for a total value of $276,000.00.

Gevo Trading Up 2.8%

GEVO opened at $1.49 on Thursday. Gevo, Inc. has a 52 week low of $1.12 and a 52 week high of $2.97. The business has a fifty day simple moving average of $1.77 and a 200-day simple moving average of $1.99. The firm has a market cap of $362.68 million, a P/E ratio of -11.46 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 released 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 return on equity of 5.06% and a negative net margin of 19.38%.The firm had revenue of $42.95 million for the quarter, compared to analysts’ expectations of $44.90 million. On average, equities analysts expect that Gevo, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GEVO. HC Wainwright reissued a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Northland Securities set a $3.50 price objective on shares of Gevo and gave the company an “outperform” rating in a research note on Thursday, April 16th. Zacks Research lowered Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Wall Street Zen lowered Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. Finally, Weiss Ratings reiterated 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 given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.75.

Institutional Trading of Gevo

Institutional investors have recently bought and sold shares of the business. Rafferty Asset Management LLC purchased a new stake in Gevo during the 3rd quarter worth about $561,000. State of Wyoming lifted its holdings in Gevo by 389.6% during the 1st quarter. State of Wyoming now owns 139,543 shares of the energy company’s stock worth $381,000 after buying an additional 111,041 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Gevo during the 1st quarter worth approximately $46,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Gevo during the 1st quarter worth approximately $49,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Gevo during the 1st quarter worth approximately $28,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.