Gevo, Inc. (NASDAQ:GEVO) Insider Paul D. Bloom Sells 27,744 Shares

Key Points

• Gevo, Inc. insider Paul D. Bloom sold 27,744 shares of the company's stock at an average price of $1.25, which equates to a total value of $34,680.
• The company reported quarterly earnings with an EPS of ($0.09), exceeding the expectation of ($0.10), and generated $29.11 million in revenue, surpassing analyst forecasts.
• Gevo recently faced mixed analyst ratings, with Wall Street Zen downgrading the stock from a "hold" to a "sell," while HC Wainwright maintained a "buy" rating with a price target of $14.00.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Paul D. Bloom sold 27,744 shares of Gevo stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1.25, for a total value of $34,680.00. Following the completion of the sale, the insider directly owned 1,042,756 shares of the company's stock, valued at $1,303,445. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Gevo Stock Performance

GEVO traded up $0.01 on Monday, hitting $1.23. 2,120,640 shares of the company traded hands, compared to its average volume of 4,349,253. The company has a 50 day moving average of $1.35 and a 200-day moving average of $1.36. The company has a quick ratio of 1.71, a current ratio of 2.04 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $294.66 million, a PE ratio of -3.42 and a beta of 2.67. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39.

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 (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $29.11 million during the quarter, compared to analysts' expectations of $22.19 million. Gevo had a negative return on equity of 16.41% and a negative net margin of 193.87%. Sell-side analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GEVO. Raymond James Financial Inc. purchased a new position in shares of Gevo in the 4th quarter worth $27,000. Commonwealth Equity Services LLC purchased a new position in Gevo in the fourth quarter valued at about $49,000. Geode Capital Management LLC raised its position in Gevo by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after purchasing an additional 234,727 shares during the period. ExodusPoint Capital Management LP purchased a new position in Gevo in the fourth quarter valued at about $49,000. Finally, Invesco Ltd. raised its position in Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock valued at $8,966,000 after purchasing an additional 3,497,007 shares during the period. 35.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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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