Gevo, Inc. (NASDAQ:GEVO) COO Sells $54,955.00 in Stock

Key Points

• COO Christopher Michael Ryan of Gevo, Inc. sold 43,964 shares of stock for approximately $54,955, resulting in a 2.56% decrease in his holdings.
• Gevo has posted a negative net margin of 193.87% with a quarterly revenue of $29.11 million, surpassing analysts’ expectations of $22.19 million.
• Several analysts have downgraded Gevo's stock, with Wall Street Zen changing its rating from "hold" to "sell," while HC Wainwright maintained a "buy" rating with a price target of $14.00.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) COO Christopher Michael Ryan sold 43,964 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1.25, for a total transaction of $54,955.00. Following the transaction, the chief operating officer directly owned 1,676,120 shares of the company's stock, valued at approximately $2,095,150. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Christopher Michael Ryan also recently made the following trade(s):

• On Friday, May 30th, Christopher Michael Ryan sold 73,934 shares of Gevo stock. The stock was sold at an average price of $1.28, for a total transaction of $94,635.52.

Gevo Stock Performance

Shares of GEVO stock traded up $0.01 during mid-day trading on Monday, hitting $1.23. The 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. Gevo, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $3.39. The company's 50-day simple moving average is $1.35 and its 200-day simple moving average is $1.36. The firm has a market cap of $294.66 million, a PE ratio of -3.42 and a beta of 2.67.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results 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 net margin of 193.87% and a negative return on equity of 16.41%. The firm had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. Sell-side analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on GEVO shares. Wall Street Zen lowered shares of Gevo from a "hold" rating to a "sell" rating in a report on Saturday. 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.

Institutional Investors Weigh In On Gevo

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Gevo in the fourth quarter valued at $27,000. Commonwealth Equity Services LLC acquired a new stake in shares of Gevo during the fourth quarter worth $49,000. Geode Capital Management LLC increased its holdings in shares of Gevo by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock worth $5,626,000 after acquiring an additional 234,727 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of Gevo in the 4th quarter worth about $49,000. Finally, Invesco Ltd. increased its holdings 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 worth $8,966,000 after acquiring an additional 3,497,007 shares during the period. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

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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