Insider Selling: Gevo (NASDAQ:GEVO) Director Sells 91,459 Shares of Stock

Key Points

• Gary Mize, a director at Gevo, Inc., sold 91,459 shares of the company's stock at an average price of $1.68, significantly reducing his position by 19.06%.
• Gevo reported earnings of $0.01 per share for the most recent quarter, surpassing analyst expectations, although revenue fell short of estimates.
• Several analysts have upgraded their ratings on Gevo, with HC Wainwright maintaining a "buy" rating and setting a price target of $14.00, while the consensus price target stands at $7.58.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) Director Gary W. Mize sold 91,459 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.68, for a total value of $153,651.12. Following the transaction, the director directly owned 388,326 shares in the company, valued at approximately $652,387.68. This represents a 19.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Gevo Stock Performance

NASDAQ:GEVO traded up $0.12 during trading hours on Friday, reaching $1.73. 5,820,417 shares of the stock were exchanged, compared to its average volume of 9,081,838. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29. The firm has a 50 day simple moving average of $1.45 and a 200-day simple moving average of $1.32. Gevo, Inc. has a 52 week low of $0.6703 and a 52 week high of $3.39. The stock has a market capitalization of $418.38 million, a P/E ratio of -6.65 and a beta of 2.67.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.07. The firm had revenue of $43.41 million for the quarter, compared to analyst estimates of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. As a group, sell-side analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GEVO has been the topic of several research reports. HC Wainwright reiterated a "buy" rating and set a $14.00 price objective on shares of Gevo in a research note on Friday, May 30th. Wall Street Zen lowered shares of Gevo from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Zacks Research upgraded shares of Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of Gevo by 11.0% in the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company's stock worth $123,000 after acquiring an additional 9,249 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock worth $28,000 after acquiring an additional 12,136 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Gevo in the 4th quarter worth approximately $27,000. IHT Wealth Management LLC acquired a new stake in shares of Gevo in the 4th quarter worth approximately $29,000. Finally, Centerpoint Advisory Group lifted its stake in shares of Gevo by 55.6% in the 1st quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company's stock worth $65,000 after acquiring an additional 20,000 shares during the period. Institutional investors own 35.17% of the company's stock.

About Gevo

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.