Carol Jane Battershell Sells 75,597 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) Director Carol Jane Battershell sold 75,597 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $2.02, for a total value of $152,705.94. Following the completion of the sale, the director owned 278,265 shares in the company, valued at $562,095.30. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Gevo Stock Performance

Shares of GEVO stock traded down $0.03 during trading hours on Friday, reaching $1.97. The stock had a trading volume of 3,728,526 shares, compared to its average volume of 5,167,672. Gevo, Inc. has a twelve month low of $0.92 and a twelve month high of $2.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 2.10. The firm has a market capitalization of $477.35 million, a PE ratio of -9.85 and a beta of 2.14. The firm has a 50-day simple moving average of $2.14 and a 200-day simple moving average of $1.63.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $42.71 million for the quarter, compared to analyst estimates of $26.82 million. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. As a group, equities analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On Gevo

Institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its position in Gevo by 133.9% during the third quarter. Squarepoint Ops LLC now owns 25,804 shares of the energy company’s stock valued at $51,000 after purchasing an additional 14,773 shares during the last quarter. Invesco Ltd. grew its stake in shares of Gevo by 6.3% in the 3rd quarter. Invesco Ltd. now owns 4,159,485 shares of the energy company’s stock valued at $8,153,000 after buying an additional 244,983 shares in the last quarter. Sei Investments Co. bought a new position in Gevo during the third quarter valued at approximately $165,000. BNP Paribas Financial Markets lifted its stake in Gevo by 105.3% in the third quarter. BNP Paribas Financial Markets now owns 42,972 shares of the energy company’s stock valued at $84,000 after acquiring an additional 22,045 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Gevo in the third quarter worth approximately $29,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GEVO has been the subject of a number of research reports. Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a report on Wednesday, October 8th. HC Wainwright reiterated a “buy” rating on shares of Gevo in a research report on Wednesday, October 15th. Wall Street Zen upgraded shares of Gevo from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, UBS Group upped their price target on Gevo from $1.15 to $2.25 and gave the company a “neutral” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Gevo currently has an average rating of “Hold” and an average target price of $8.13.

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.