L Lynn Smull Sells 60,331 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) EVP L Lynn Smull sold 60,331 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $77,223.68. Following the completion of the sale, the executive vice president now owns 1,109,271 shares of the company's stock, valued at approximately $1,419,866.88. The trade was a 5.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gevo Price Performance

NASDAQ:GEVO remained flat at $1.14 on Thursday. 3,284,038 shares of the company's stock were exchanged, compared to its average volume of 4,473,624. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The firm has a market capitalization of $273.10 million, a price-to-earnings ratio of -3.35 and a beta of 2.53. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39. The company has a 50 day moving average of $1.13 and a two-hundred day moving average of $1.49.

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, topping analysts' consensus estimates of ($0.10) by $0.01. The firm had revenue of $29.11 million during the quarter, compared to analyst estimates of $22.19 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. As a group, sell-side analysts predict that Gevo, Inc. will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. HC Wainwright restated a "buy" rating and set a $14.00 price target on shares of Gevo in a research report on Friday, May 30th.

Institutional Investors Weigh In On Gevo

A number of institutional investors and hedge funds have recently modified their holdings of GEVO. Janney Montgomery Scott LLC lifted its holdings in shares of Gevo by 166.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company's stock worth $94,000 after buying an additional 28,000 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in shares of Gevo by 28.5% in the fourth quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock worth $188,000 after buying an additional 19,980 shares in the last quarter. Centerpoint Advisory Group purchased a new stake in Gevo in the fourth quarter valued at approximately $75,000. VisionPoint Advisory Group LLC raised its stake in Gevo by 200.9% in the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock valued at $65,000 after purchasing an additional 18,734 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Gevo in the fourth quarter valued at approximately $468,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.