Gevo, Inc. (NASDAQ:GEVO) CEO Sells $150,380.00 in Stock

Key Points

• Gevo, Inc. CEO Patrick R. Gruber sold 120,304 shares of stock for a total of $150,380, reducing his holdings by 2.95% to approximately $4.95 million.
• The company reported a loss of $0.09 per share in its recent quarterly earnings, exceeding analyst expectations by $0.01, with revenues of $29.11 million.
• Analyst sentiment is mixed, with Wall Street Zen downgrading Gevo from a "hold" to a "sell" rating, while HC Wainwright maintained a "buy" rating with a target price of $14.00.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) CEO Patrick R. Gruber sold 120,304 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1.25, for a total value of $150,380.00. Following the transaction, the chief executive officer owned 3,963,164 shares in the company, valued at approximately $4,953,955. This represents a 2.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Gevo Stock Up 0.8%

NASDAQ GEVO traded up $0.01 during trading on Monday, hitting $1.23. The company's stock had a trading volume of 2,120,640 shares, compared to its average volume of 4,349,253. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.71. The company has a market cap of $294.66 million, a PE ratio of -3.42 and a beta of 2.67. The business's 50 day simple moving average is $1.35 and its 200-day simple moving average is $1.36. Gevo, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. Gevo had a negative return on equity of 16.41% and a negative net margin of 193.87%. On average, equities analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Gevo

Several institutional investors have recently added to or reduced their stakes in GEVO. Invesco Ltd. boosted its holdings in Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after acquiring an additional 3,497,007 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Gevo during the fourth quarter worth about $904,000. Marshall Wace LLP acquired a new stake in shares of Gevo during the fourth quarter worth about $812,000. Two Sigma Investments LP lifted its holdings in shares of Gevo by 671.3% during the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock worth $690,000 after purchasing an additional 287,150 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Gevo during the fourth quarter worth about $562,000. Institutional investors and hedge funds own 35.17% of the company's stock.

Analyst Ratings Changes

GEVO has been the topic of several analyst reports. Wall Street Zen lowered Gevo from a "hold" rating to a "sell" rating in a research note on Saturday. HC Wainwright reiterated a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, May 30th.

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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