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

Gevo, Inc. (NASDAQ:GEVO) insider Lindsay Clinton Fitzgerald sold 8,987 shares of Gevo 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 directly owns 161,469 shares in the company, valued at $187,304.04. This represents a 5.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gevo Stock Down 4.2%

GEVO stock opened at $1.14 on Thursday. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.49. Gevo, Inc. has a 52 week low of $0.48 and a 52 week high of $3.39. The company has a market cap of $273.10 million, a P/E ratio of -3.35 and a beta of 2.53.

Gevo (NASDAQ:GEVO) last released its quarterly 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 business had revenue of $29.11 million for the quarter, compared to analysts’ expectations of $22.19 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. On average, research analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew 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 acquiring an additional 234,727 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Gevo in the fourth quarter valued at about $49,000. Renaissance Technologies LLC acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $904,000. Amundi acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $301,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Gevo during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Friday, May 30th. UBS Group cut their price objective on Gevo from $3.25 to $1.15 and set a “neutral” rating for the company in a research report 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.