Gevo (NASDAQ:GEVO) COO Christopher Michael Ryan Sells 35,196 Shares

Gevo, Inc. (NASDAQ:GEVO) COO Christopher Michael Ryan sold 35,196 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $1.43, for a total transaction of $50,330.28. Following the transaction, the chief operating officer owned 1,279,245 shares of the company’s stock, valued at $1,829,320.35. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Michael Ryan also recently made the following trade(s):

• On Wednesday, May 27th, Christopher Michael Ryan sold 87,700 shares of Gevo stock. The shares were sold at an average price of $1.76, for a total transaction of $154,352.00.
• On Tuesday, March 31st, Christopher Michael Ryan sold 29,797 shares of Gevo stock. The shares were sold at an average price of $2.96, for a total value of $88,199.12.
• On Monday, March 30th, Christopher Michael Ryan sold 100,000 shares of Gevo stock. The stock was sold at an average price of $2.76, for a total value of $276,000.00.

Gevo Trading Up 2.1%

GEVO traded up $0.03 during trading hours on Monday, reaching $1.43. The company’s stock had a trading volume of 3,021,834 shares, compared to its average volume of 3,593,225. The stock has a market cap of $348.08 million, a PE ratio of -11.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51. Gevo, Inc. has a fifty-two week low of $1.12 and a fifty-two week high of $2.97. The business’s 50-day moving average is $1.82 and its 200-day moving average is $2.00.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. Northland Securities set a $3.50 target price on shares of Gevo and gave the stock an “outperform” rating in a research report on Thursday, April 16th. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. Finally, Zacks Research downgraded shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Gevo presently has an average rating of “Hold” and a consensus price target of $2.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GEVO. J. Derek Lewis & Associates Inc. boosted its stake in Gevo by 23.0% during the first quarter. J. Derek Lewis & Associates Inc. now owns 535,000 shares of the energy company’s stock valued at $1,461,000 after buying an additional 100,000 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Gevo by 166.1% during the 1st quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock worth $5,970,000 after purchasing an additional 1,364,924 shares in the last quarter. Amundi lifted its position in shares of Gevo by 25.6% in the first quarter. Amundi now owns 135,539 shares of the energy company’s stock worth $370,000 after buying an additional 27,636 shares during the last quarter. Renaissance Technologies LLC grew its stake in Gevo by 153.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock valued at $6,047,000 after buying an additional 1,342,400 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in Gevo in the 1st quarter worth approximately $153,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.