Gevo (NASDAQ:GEVO) CEO Sells $50,320.27 in Stock

Gevo, Inc. (NASDAQ:GEVO) CEO Paul Bloom sold 35,189 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $1.43, for a total value of $50,320.27. Following the completion of the transaction, the chief executive officer directly owned 1,483,399 shares of the company’s stock, valued at $2,121,260.57. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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.

Gevo Stock Performance

NASDAQ GEVO opened at $1.49 on Thursday. Gevo, Inc. has a 1-year low of $1.12 and a 1-year high of $2.97. The company has a market capitalization of $362.68 million, a P/E ratio of -11.46 and a beta of 0.99. The business has a 50 day moving average price of $1.77 and a 200 day moving average price of $1.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.05) earnings per share 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 firm had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $44.90 million. Sell-side analysts expect that Gevo, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GEVO has been the subject of several research analyst reports. Northland Securities set a $3.50 price objective on Gevo and gave the company an “outperform” rating in a research note on Thursday, April 16th. 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. HC Wainwright restated a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Gevo currently has a consensus rating of “Hold” and a consensus price target of $2.75.

Hedge Funds Weigh In On Gevo

Hedge funds have recently bought and sold shares of the stock. Key Client Fiduciary Advisors LLC purchased a new position in Gevo during the fourth quarter worth $25,000. Berger Financial Group Inc purchased a new stake in shares of Gevo during the fourth quarter worth about $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Gevo during the first quarter worth about $28,000. BNP Paribas Financial Markets grew its holdings in shares of Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after buying an additional 12,136 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Gevo during the fourth quarter worth about $28,000. Hedge funds and other institutional investors 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.