Gevo (NASDAQ:GEVO) Director Sells $373,939.42 in Stock

Key Points

• Gevo director Patrick Gruber sold 247,642 shares for approximately $373,939 at an average price of $1.51 under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 6.93%.
• Gevo shares recently traded at $1.57, with the company reporting quarterly revenue of $46.5 million and an adjusted EPS loss of $0.01, beating analyst estimates.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $2.88; institutional investors own 35.17% of the company.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) Director Patrick Gruber sold 247,642 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $1.51, for a total transaction of $373,939.42. Following the completion of the transaction, the director directly owned 3,323,788 shares of the company's stock, valued at approximately $5,018,919.88. The trade was a 6.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gevo Price Performance

Shares of NASDAQ GEVO traded up $0.13 during midday trading on Friday, reaching $1.57. 5,080,811 shares of the company were exchanged, compared to its average volume of 3,645,619. The stock's 50-day moving average price is $1.54 and its 200-day moving average price is $1.83. The stock has a market cap of $382.15 million, a P/E ratio of -12.08 and a beta of 1.04. Gevo, Inc. has a one year low of $1.15 and a one year high of $2.97. The company has a quick ratio of 3.51, a current ratio of 4.31 and a debt-to-equity ratio of 0.37.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. The company had revenue of $46.50 million during the quarter, compared to the consensus estimate of $46.40 million. On average, sell-side analysts anticipate that Gevo, Inc. will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Millennium Management LLC grew its position in shares of Gevo by 1.9% in the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock valued at $3,803,000 after buying an additional 61,919 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Gevo by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock worth $1,351,000 after acquiring an additional 123,170 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Gevo by 915.8% during the second quarter. JPMorgan Chase & Co. now owns 121,305 shares of the energy company's stock worth $160,000 after acquiring an additional 109,363 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Gevo in the second quarter worth approximately $28,000. Finally, Rhumbline Advisers acquired a new position in shares of Gevo in the second quarter worth approximately $383,000. 35.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on GEVO shares. UBS Group reaffirmed a "neutral" rating and issued a $2.00 target price (down from $2.25) on shares of Gevo in a report on Friday, May 22nd. Northland Securities set a $3.75 price target on Gevo in a report on Thursday, July 16th. HC Wainwright reaffirmed a "buy" rating on shares of Gevo in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Gevo in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Gevo from a "hold" rating to a "strong sell" rating in a research report on Sunday, May 10th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $2.88.

Gevo Company Profile

Gevo, Inc NASDAQ: GEVO is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company's core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo's integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo's primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.

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