Gevo, Inc. (NASDAQ:GEVO) EVP L Lynn Smull Sells 32,808 Shares

Key Points

• L Lynn Smull, EVP of Gevo, Inc., sold **32,808 shares** of the company's stock for a total of **$41,010** on August 1st, reducing his position by 2.80%.
• Following the share sale, Smull owns approximately **1,138,742 shares**, valued at around **$1.4 million**.
• Gevo's recent earnings report showed a **$0.09 per share loss**, beating the consensus estimate, with quarterly revenues of **$29.11 million**, surpassing analysts' expectations of **$22.19 million**.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) EVP L Lynn Smull sold 32,808 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1.25, for a total transaction of $41,010.00. Following the completion of the sale, the executive vice president owned 1,138,742 shares of the company's stock, valued at approximately $1,423,427.50. The trade was a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

L Lynn Smull also recently made the following trade(s):

• On Tuesday, July 1st, L Lynn Smull sold 3,929 shares of Gevo stock. The shares were sold at an average price of $1.33, for a total transaction of $5,225.57.
• On Friday, May 30th, L Lynn Smull sold 60,331 shares of Gevo stock. The stock was sold at an average price of $1.28, for a total transaction of $77,223.68.

Gevo Stock Up 0.8%

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

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. The business had revenue of $29.11 million for the quarter, compared to analyst estimates of $22.19 million. Gevo had a negative net margin of 193.87% and a negative return on equity of 16.41%. On average, equities research analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in 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 buying an additional 3,497,007 shares in the last quarter. Millennium Management LLC lifted its holdings in Gevo by 1.9% in the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock worth $3,803,000 after buying an additional 61,919 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 buying an additional 234,727 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Gevo by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock worth $1,351,000 after buying an additional 123,170 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Gevo in the 4th quarter worth $904,000. Institutional investors and hedge funds own 35.17% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, May 30th. Wall Street Zen lowered shares of Gevo from a "hold" rating to a "sell" rating in a report on Saturday.

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.

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