Gevo, Inc. (NASDAQ:GEVO) Insider Sells $30,712.32 in Stock

Gevo, Inc. (NASDAQ:GEVO) insider Kimberly T. Bowron sold 23,994 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $30,712.32. Following the transaction, the insider now directly owns 391,274 shares in the company, valued at $500,830.72. This trade represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Gevo Stock Down 4.2%

Gevo stock opened at $1.14 on Thursday. The stock has a market cap of $273.10 million, a PE ratio of -3.35 and a beta of 2.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The stock has a fifty day moving average of $1.13 and a 200 day moving average of $1.49.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $29.11 million for the quarter, compared to the consensus estimate of $22.19 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. As a group, sell-side analysts predict that Gevo, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group dropped their price target on Gevo from $3.25 to $1.15 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Gevo in a report on Friday, May 30th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GEVO. Invesco Ltd. boosted its holdings in shares of Gevo by 441.0% during the 4th quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company’s stock valued at $8,966,000 after purchasing an additional 3,497,007 shares during the last quarter. Millennium Management LLC raised its position 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 during the period. Geode Capital Management LLC raised its position in Gevo by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company’s stock worth $5,626,000 after purchasing an additional 234,727 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Gevo by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 123,170 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Gevo during the fourth quarter worth approximately $904,000. Institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.