Patrick R. Gruber Sells 157,197 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) CEO Patrick R. Gruber sold 157,197 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $201,212.16. Following the sale, the chief executive officer now owns 3,610,779 shares in the company, valued at approximately $4,621,797.12. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gevo Price Performance

Gevo stock traded up $0.05 during midday trading on Friday, reaching $1.16. The company's stock had a trading volume of 3,020,160 shares, compared to its average volume of 5,423,322. Gevo, Inc. has a 52 week low of $0.48 and a 52 week high of $3.39. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $1.13 and a 200-day moving average price of $1.48. The stock has a market cap of $277.89 million, a PE ratio of -3.41 and a beta of 2.53.

Gevo (NASDAQ:GEVO - Get Free Report) last released its earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The firm had revenue of $29.11 million for the quarter, compared to analysts' expectations of $22.19 million. On average, sell-side analysts predict that Gevo, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GEVO shares. HC Wainwright restated a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, May 30th. UBS Group reduced their target price on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Gevo by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after acquiring an additional 234,727 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Gevo in the fourth quarter valued at about $49,000. Renaissance Technologies LLC bought a new position in Gevo in the fourth quarter valued at about $904,000. Amundi bought a new position in Gevo in the fourth quarter valued at about $301,000. Finally, Raymond James Financial Inc. bought a new position in Gevo in the fourth quarter valued at about $27,000. 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.