Gevo (NASDAQ:GEVO) CFO Sells $88,239.20 in Stock

Gevo, Inc. (NASDAQ:GEVO) CFO Oluwagbemileke Yusuf Agiri sold 63,028 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.40, for a total value of $88,239.20. Following the completion of the sale, the chief financial officer directly owned 491,116 shares of the company’s stock, valued at $687,562.40. The trade was a 11.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $56,565.66.

Gevo Stock Performance

Shares of GEVO opened at $1.49 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.51 and a current ratio of 4.31. The stock has a 50 day moving average price of $1.77 and a two-hundred day moving average price of $1.99. The firm has a market capitalization of $362.68 million, a P/E ratio of -11.46 and a beta of 0.99. Gevo, Inc. has a 52 week low of $1.12 and a 52 week high of $2.97.

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

Hedge Funds Weigh In On Gevo

Several institutional investors have recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Gevo in the first quarter valued at approximately $28,000. Key Client Fiduciary Advisors LLC bought a new position in shares of Gevo in the fourth quarter worth $25,000. Berger Financial Group Inc bought a new position in shares of Gevo in the fourth quarter worth $26,000. Franklin Resources Inc. bought a new position in shares of Gevo in the fourth quarter worth $28,000. Finally, Mackenzie Financial Corp bought a new position in shares of Gevo in the third quarter worth $29,000. 35.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Gevo Company Profile

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.