Insider Selling: Gevo (NASDAQ:GEVO) Director Sells $249,543.00 in Stock

Gevo, Inc. (NASDAQ:GEVO) Director Gary Mize sold 107,100 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $2.33, for a total transaction of $249,543.00. Following the transaction, the director owned 281,226 shares in the company, valued at $655,256.58. The trade was a 27.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gevo Trading Down 2.1%

NASDAQ:GEVO opened at $2.38 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $577.91 million, a price-to-earnings ratio of -18.31 and a beta of 1.51. The firm has a fifty day simple moving average of $1.98 and a two-hundred day simple moving average of $2.06. Gevo, Inc. has a 12 month low of $0.92 and a 12 month high of $2.95.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $45.35 million for the quarter, compared to analyst estimates of $43.52 million. Gevo had a negative net margin of 21.07% and a negative return on equity of 7.20%. Analysts expect that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GEVO has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Thursday, January 22nd. Wall Street Zen downgraded Gevo from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Northland Securities reiterated an “outperform” rating and issued a $3.00 target price on shares of Gevo in a report on Wednesday, December 31st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.42.

Hedge Funds Weigh In On Gevo

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in Gevo by 1.9% during 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Gevo by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 123,170 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Gevo in the second quarter valued at approximately $63,000. Geode Capital Management LLC lifted its holdings in shares of Gevo by 104.5% in the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after purchasing an additional 2,873,940 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Gevo during the second quarter valued at approximately $67,000. 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.