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 business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $77,223.68. Following the transaction, the executive vice president now owns 1,109,271 shares in the company, valued at $1,419,866.88. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Gevo Price Performance

Shares of NASDAQ:GEVO traded up $0.05 during trading on Friday, hitting $1.16. 3,020,160 shares of the stock were exchanged, compared to its average volume of 5,423,322. The company has a fifty day moving average price of $1.13 and a two-hundred day moving average price of $1.48. The company has a market cap of $277.89 million, a PE ratio of -3.41 and a beta of 2.53. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. 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 announced its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The business had revenue of $29.11 million for the quarter, compared to analyst estimates of $22.19 million. On average, analysts forecast that Gevo, Inc. will post -0.42 EPS for the current year.

Institutional Investors Weigh In On Gevo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Gevo by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after buying an additional 234,727 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Gevo in the 4th quarter valued at approximately $49,000. Renaissance Technologies LLC purchased a new stake in Gevo in the 4th quarter valued at approximately $904,000. Amundi purchased a new stake in Gevo in the 4th quarter valued at approximately $301,000. Finally, Raymond James Financial Inc. purchased a new stake in Gevo in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

Analyst Ratings Changes

GEVO has been the topic of several research analyst reports. HC Wainwright reissued a "buy" rating and set a $14.00 price target on shares of Gevo in a research note on Friday, May 30th. UBS Group decreased their price target on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd.

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.