Gevo, Inc. (NASDAQ:GEVO) CFO Oluwagbemileke Yusuf Agiri Sells 10,810 Shares

Gevo, Inc. (NASDAQ:GEVO) CFO Oluwagbemileke Yusuf Agiri sold 10,810 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $1.16, for a total value of $12,539.60. Following the completion of the transaction, the chief financial officer now owns 152,140 shares in the company, valued at $176,482.40. This represents a 6.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Gevo Trading Up 4.5%

Shares of Gevo stock opened at $1.16 on Friday. The company’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $1.48. 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 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 1 year low of $0.48 and a 1 year high of $3.39.

Gevo (NASDAQ:GEVO) last issued its 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. The firm had revenue of $29.11 million during 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%. As a group, sell-side analysts expect that Gevo, Inc. will post -0.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Gevo by 9.6% in the fourth 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 during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Gevo in the fourth quarter valued at about $49,000. Renaissance Technologies LLC bought a new position in shares of Gevo in the fourth quarter valued at about $904,000. Amundi bought a new position in shares of Gevo in the fourth quarter valued at about $301,000. Finally, Raymond James Financial Inc. bought a new position in shares of Gevo in the fourth quarter valued at about $27,000. 35.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group dropped their price objective on Gevo from $3.25 to $1.15 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. HC Wainwright reiterated a “buy” rating and set a $14.00 price target on shares of Gevo in a report on Friday, May 30th.

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.