Gevo, Inc. (NASDAQ:GEVO) Insider Kimberly T. Bowron Sells 12,370 Shares

Key Points

• Insider Activity: Kimberly T. Bowron, an insider at Gevo, Inc., sold 12,370 shares at an average price of $1.23, resulting in a total transaction value of approximately $15,215. Following this sale, she holds 482,756 shares.
• Stock Performance: Gevo's stock has recently declined by 4.9%, trading at $1.17, with significant volatility and a market capitalization of $280.29 million.
• Analyst Ratings: Reported analyst actions include HC Wainwright maintaining a "buy" rating with a $14.00 price target, while Wall Street Zen downgraded their rating from "hold" to "sell."

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Kimberly T. Bowron sold 12,370 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1.23, for a total value of $15,215.10. Following the completion of the transaction, the insider directly owned 482,756 shares of the company's stock, valued at approximately $593,789.88. The trade was a 2.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Gevo Stock Down 4.9%

NASDAQ GEVO traded down $0.06 during trading hours on Wednesday, hitting $1.17. 2,665,916 shares of the company traded hands, compared to its average volume of 2,695,451. 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 business's 50-day moving average is $1.35 and its 200-day moving average is $1.35. The stock has a market capitalization of $280.29 million, a price-to-earnings ratio of -3.25 and a beta of 2.67. Gevo, Inc. has a twelve month low of $0.51 and a twelve month high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. Gevo had a negative return on equity of 16.41% and a negative net margin of 193.87%. The firm had revenue of $29.11 million for 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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GEVO. HC Wainwright reissued a "buy" rating and issued a $14.00 price objective on shares of Gevo in a research note on Friday, May 30th. Wall Street Zen lowered Gevo from a "hold" rating to a "sell" rating in a report on Saturday.

Hedge Funds Weigh In On Gevo

Several institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Gevo during the second quarter valued at about $26,000. Raymond James Financial Inc. purchased a new position in shares of Gevo during the 4th quarter valued at $27,000. IHT Wealth Management LLC purchased a new position in shares of Gevo during the fourth quarter valued at about $29,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Gevo during the 1st quarter valued at about $36,000. Finally, R Squared Ltd purchased a new stake in Gevo in the 2nd quarter worth about $39,000. Hedge funds and other 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.

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