Gary Mize Sells 91,459 Shares of Gevo (NASDAQ:GEVO) 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 Mize sold 91,459 shares of the business's stock in a transaction 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 owned 388,326 shares of the company's stock, valued at $652,387.68. This trade represents a 19.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Gevo Stock Performance

GEVO stock traded down $0.09 during trading on Tuesday, reaching $1.59. 5,158,914 shares of the company's stock were exchanged, compared to its average volume of 8,631,264. 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 market cap of $384.53 million, a PE ratio of -6.12 and a beta of 2.67. The company's fifty day moving average price is $1.43 and its 200-day moving average price is $1.33. Gevo, Inc. has a 1-year low of $0.6703 and a 1-year high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07. The business had revenue of $43.41 million during the quarter, compared to analyst estimates of $43.69 million. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%. On average, research analysts expect that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Gevo

A number of hedge funds and other institutional investors have recently bought and sold shares of GEVO. Geode Capital Management LLC increased its holdings in Gevo by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after purchasing an additional 234,727 shares in the last quarter. Invesco Ltd. increased its stake in shares of Gevo by 441.0% in the 4th quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock valued at $8,966,000 after buying an additional 3,497,007 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Gevo in the 4th quarter valued at $904,000. Raymond James Financial Inc. bought a new position in shares of Gevo in the 4th quarter worth $27,000. Finally, Barclays PLC boosted its position in shares of Gevo by 10,956,450.0% in the 4th quarter. Barclays PLC now owns 219,131 shares of the energy company's stock worth $458,000 after purchasing an additional 219,129 shares during the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.

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