Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells 23,994 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Kimberly T. Bowron sold 23,994 shares of Gevo stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $30,712.32. Following the completion of the transaction, the insider now owns 391,274 shares in the company, valued at $500,830.72. The trade was a 5.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gevo Price Performance

Shares of Gevo stock remained flat at $1.14 during trading on Thursday. 3,284,038 shares of the stock traded hands, compared to its average volume of 4,473,624. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The business's fifty day simple moving average is $1.13 and its two-hundred day simple moving average is $1.49. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $3.39. The firm has a market cap of $273.10 million, a P/E ratio of -3.35 and a beta of 2.53.

Gevo (NASDAQ:GEVO - Get Free Report) last issued 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 510.04% and a negative return on equity of 14.95%. The business had revenue of $29.11 million for the quarter, compared to analyst estimates of $22.19 million. As a group, equities research analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On Gevo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in Gevo by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock valued at $1,351,000 after buying an additional 123,170 shares in the last quarter. Millennium Management LLC increased its stake in Gevo by 1.9% in the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock valued at $3,803,000 after purchasing an additional 61,919 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in Gevo by 114.5% in the first quarter. OMERS ADMINISTRATION Corp now owns 289,300 shares of the energy company's stock valued at $336,000 after purchasing an additional 154,400 shares in the last quarter. Virtu Financial LLC bought a new stake in Gevo in the first quarter valued at approximately $92,000. Finally, Deutsche Bank AG increased its stake in Gevo by 5,808.4% in the first quarter. Deutsche Bank AG now owns 40,709 shares of the energy company's stock valued at $47,000 after purchasing an additional 40,020 shares in the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GEVO. HC Wainwright reiterated a "buy" rating and set a $14.00 price target on shares of Gevo in a report on Friday, May 30th. UBS Group decreased their target price on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd.

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.