Lindsay Clinton Fitzgerald Sells 8,987 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Lindsay Clinton Fitzgerald sold 8,987 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $1.16, for a total value of $10,424.92. Following the completion of the sale, the insider now owns 161,469 shares of the company's stock, valued at approximately $187,304.04. This represents a 5.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gevo Price Performance

Shares of NASDAQ:GEVO traded up $0.07 during trading on Friday, hitting $1.18. 1,988,185 shares of the stock were exchanged, compared to its average volume of 4,469,001. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39. The company has a market cap of $281.49 million, a PE ratio of -3.46 and a beta of 2.53. 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 current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. The company had revenue of $29.11 million for the quarter, compared to the consensus estimate of $22.19 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. On average, analysts forecast that Gevo, Inc. will post -0.42 EPS for the current year.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently made changes to their positions in GEVO. Goldman Sachs Group Inc. increased its holdings in Gevo by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock valued at $1,351,000 after acquiring an additional 123,170 shares in the last quarter. Millennium Management LLC grew its position in shares of 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 during the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of 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 during the last quarter. Virtu Financial LLC purchased a new position in shares of Gevo during the 1st quarter worth approximately $92,000. Finally, Deutsche Bank AG raised its position in shares of Gevo by 5,808.4% during the 1st quarter. Deutsche Bank AG now owns 40,709 shares of the energy company's stock worth $47,000 after purchasing an additional 40,020 shares during the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. HC Wainwright reissued a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Friday, May 30th. UBS Group decreased their price objective on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a 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.