Insider Selling: Gevo, Inc. (NASDAQ:GEVO) EVP Sells $77,223.68 in Stock

Gevo, Inc. (NASDAQ:GEVO) EVP L Lynn Smull sold 60,331 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $77,223.68. Following the sale, the executive vice president now directly owns 1,109,271 shares in the company, valued at $1,419,866.88. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gevo Trading Down 4.2%

GEVO opened at $1.14 on Thursday. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39. The stock has a fifty day moving average price of $1.13 and a 200-day moving average price of $1.49. The firm has a market cap of $273.10 million, a price-to-earnings ratio of -3.35 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 (NASDAQ:GEVO) last announced its earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The company had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. As a group, equities research analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently modified their holdings of GEVO. Raymond James Financial Inc. acquired a new position in shares of Gevo in the fourth quarter valued at about $27,000. IHT Wealth Management LLC acquired a new position in Gevo in the 4th quarter worth about $29,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Gevo during the 1st quarter valued at approximately $36,000. Deutsche Bank AG grew its position in shares of Gevo by 5,808.4% in the first quarter. Deutsche Bank AG now owns 40,709 shares of the energy company’s stock valued at $47,000 after purchasing an additional 40,020 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new stake in Gevo during the 4th quarter worth approximately $49,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GEVO has been the topic of several recent analyst reports. HC Wainwright reissued a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, May 30th. UBS Group decreased their target price 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.