Gevo, Inc. (NASDAQ:GEVO) CFO Sells $12,539.60 in Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) CFO Oluwagbemileke Yusuf Agiri sold 10,810 shares of Gevo stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $1.16, for a total transaction of $12,539.60. Following the completion of the transaction, the chief financial officer now directly owns 152,140 shares in the company, valued at $176,482.40. The trade was a 6.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Gevo Price Performance

Shares of NASDAQ GEVO traded up $0.05 during midday trading on Friday, hitting $1.16. The company had a trading volume of 3,020,160 shares, compared to its average volume of 5,423,327. The firm has a market capitalization of $277.89 million, a price-to-earnings ratio of -3.41 and a beta of 2.53. Gevo, Inc. has a twelve month low of $0.48 and a twelve month high of $3.39. The business has a 50-day simple moving average of $1.13 and a two-hundred day simple moving average of $1.48. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $22.19 million. Equities research analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On Gevo

A number of hedge funds and other institutional investors have recently modified their holdings of GEVO. Invesco Ltd. boosted its holdings in shares of Gevo by 441.0% during the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after purchasing an additional 3,497,007 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Gevo by 1.9% during the first 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gevo by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock worth $5,626,000 after purchasing an additional 234,727 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Gevo by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock worth $1,351,000 after purchasing an additional 123,170 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Gevo during the fourth quarter worth $904,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GEVO has been the subject of several analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a research note on Friday, May 30th. UBS Group cut their target price on Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd.

Gevo Company Profile

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.