Oluwagbemileke Yusuf Agiri Sells 63,028 Shares of Gevo (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) CFO Oluwagbemileke Yusuf Agiri sold 63,028 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $1.40, for a total transaction of $88,239.20. Following the transaction, the chief financial officer owned 491,116 shares in the company, valued at approximately $687,562.40. The trade was a 11.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oluwagbemileke Yusuf Agiri also recently made the following trade(s):

• On Wednesday, May 27th, Oluwagbemileke Yusuf Agiri sold 31,958 shares of Gevo stock. The shares were sold at an average price of $1.77, for a total transaction of $56,565.66.

Gevo Stock Up 1.4%

Shares of NASDAQ GEVO opened at $1.45 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51. The company has a 50-day moving average price of $1.78 and a 200-day moving average price of $1.99. The stock has a market capitalization of $352.94 million, a P/E ratio of -11.15 and a beta of 0.99. Gevo, Inc. has a 1 year low of $1.12 and a 1 year high of $2.97.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, May 7th. The energy company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $42.95 million during the quarter, compared to analyst estimates of $44.90 million. Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%. On average, equities research analysts forecast that Gevo, Inc. will post -0.11 EPS for the current fiscal year.

Key Stories Impacting Gevo

Here are the key news stories impacting Gevo this week:

• Negative Sentiment: Multiple Gevo insiders sold shares over the past few days, including CEO Paul D. Bloom, COO Christopher Michael Ryan, CFO Oluwagbemileke Yusuf Agiri, Director Patrick R. Gruber, and others, creating a broad wave of insider selling that may pressure investor confidence. Article Title
• Neutral Sentiment: Most of the insider sales were executed under pre-arranged Rule 10b5-1 plans and were described as being related to tax withholding on equity awards, which suggests the selling may not reflect a change in the company’s outlook.
• Neutral Sentiment: Gevo previously reported revenue of $42.95 million, roughly in line with expectations, but it remains unprofitable and analysts still expect a loss for the year, so the fundamental picture is mixed.
• Positive Sentiment: The company’s balance sheet appears relatively liquid, with a current ratio of 4.31 and quick ratio of 3.51, which may help support operations while Gevo continues building its renewable fuels business.

Analysts Set New Price Targets

Several brokerages recently issued reports on GEVO. Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a research report on Sunday, May 10th. Zacks Research cut Gevo from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Northland Securities set a $3.50 price objective on shares of Gevo and gave the stock an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. Finally, UBS Group reissued a “neutral” rating and set a $2.00 price target (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Gevo has a consensus rating of “Hold” and an average target price of $2.75.

Institutional Trading of Gevo

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in Gevo by 11.0% in the second quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company’s stock worth $123,000 after purchasing an additional 9,249 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Gevo by 83.0% during the 4th quarter. Corient Private Wealth LLC now owns 20,950 shares of the energy company’s stock valued at $42,000 after purchasing an additional 9,500 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Gevo during the 1st quarter valued at $28,000. Cetera Investment Advisers raised its stake in shares of Gevo by 29.0% during the 4th quarter. Cetera Investment Advisers now owns 49,137 shares of the energy company’s stock worth $98,000 after purchasing an additional 11,040 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Gevo by 138.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after purchasing an additional 12,136 shares during the period. 35.17% of the stock is currently owned by institutional investors.

About Gevo

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.