Gevo (NASDAQ:GEVO) Insider Sells $150,750.00 in Stock

Key Points

• Paul Bloom, an insider at Gevo, sold 75,000 shares of the company for a total of $150,750, which represents a decrease of 7.51% in their holdings.
• Gevo's stock traded at $2.09 recently, with an average trading volume of over 6 million shares and a market cap of $505.45 million.
• Despite a net margin of -72.76%, Gevo reported earnings per share of $0.01, unexpectedly beating analysts' forecast of -$0.06.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Paul D. Bloom sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $2.01, for a total transaction of $150,750.00. Following the completion of the transaction, the insider owned 923,591 shares in the company, valued at $1,856,417.91. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Gevo Trading Down 2.0%

Shares of Gevo stock traded down $0.04 during trading hours on Monday, hitting $1.98. The company's stock had a trading volume of 6,033,917 shares, compared to its average volume of 4,662,335. The business has a fifty day moving average of $1.61 and a 200 day moving average of $1.36. Gevo, Inc. has a 1-year low of $0.92 and a 1-year high of $3.39. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $478.84 million, a PE ratio of -7.62 and a beta of 2.18.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.07. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. The firm had revenue of $43.41 million during the quarter, compared to analysts' expectations of $43.69 million. As a group, equities analysts forecast that Gevo, Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently bought and sold shares of GEVO. International Assets Investment Management LLC acquired a new stake in shares of Gevo during the second quarter worth $26,000. BNP Paribas Financial Markets raised its stake in Gevo by 138.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock valued at $28,000 after acquiring an additional 12,136 shares in the last quarter. Legal & General Group Plc bought a new position in Gevo in the 2nd quarter valued at about $28,000. Engineers Gate Manager LP bought a new stake in Gevo during the second quarter worth approximately $30,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Gevo in the second quarter valued at $31,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. HC Wainwright reiterated a "buy" rating and set a $14.00 target price on shares of Gevo in a report on Friday, May 30th. Wall Street Zen upgraded shares of Gevo from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. UBS Group boosted their target price on shares of Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a research report on Wednesday, September 17th. Finally, Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Gevo presently has a consensus rating of "Hold" and a consensus price target of $8.13.

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.