Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells 87,466 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Paul D. Bloom sold 87,466 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $111,956.48. Following the transaction, the insider now directly owns 860,416 shares of the company's stock, valued at $1,101,332.48. This represents a 9.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gevo Stock Up 4.5%

Shares of GEVO traded up $0.05 during midday trading on Friday, reaching $1.16. 3,020,160 shares of the stock were exchanged, compared to its average volume of 5,423,322. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market cap of $277.89 million, a price-to-earnings ratio of -3.41 and a beta of 2.53. The firm has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.48. 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 issued its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The business had revenue of $29.11 million for the quarter, compared to analyst estimates of $22.19 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. Research analysts forecast that Gevo, Inc. will post -0.42 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GEVO. Raymond James Financial Inc. acquired a new position in shares of Gevo during the 4th quarter valued at about $27,000. IHT Wealth Management LLC acquired a new position in shares of Gevo during the 4th quarter valued at about $29,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Gevo during the 1st quarter valued at about $36,000. Deutsche Bank AG increased its holdings 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 valued at $47,000 after acquiring an additional 40,020 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Gevo during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 35.17% of the company's stock.

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.