Christopher Michael Ryan Sells 73,934 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) COO Christopher Michael Ryan sold 73,934 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $94,635.52. Following the transaction, the chief operating officer now owns 1,510,000 shares of the company's stock, valued at $1,932,800. This trade represents a 4.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gevo Stock Up 4.5%

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

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm 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 14.95% and a negative net margin of 510.04%. On average, sell-side analysts forecast that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GEVO has been the subject of several recent analyst reports. UBS Group decreased 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. HC Wainwright reaffirmed a "buy" rating and set a $14.00 target price on shares of Gevo in a research note on Friday, May 30th.

Institutional Investors Weigh In On Gevo

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Gevo during the fourth quarter valued at approximately $27,000. IHT Wealth Management LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $29,000. Commonwealth Equity Services LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $49,000. ExodusPoint Capital Management LP bought a new stake in shares of Gevo during the fourth quarter valued at approximately $49,000. Finally, VisionPoint Advisory Group LLC increased its holdings in shares of Gevo by 200.9% during the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock valued at $65,000 after acquiring an additional 18,734 shares in the last quarter. 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.