Gevo (NASDAQ:GEVO) Director Patrick Gruber Sells 157,563 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) Director Patrick Gruber sold 157,563 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.40, for a total transaction of $220,588.20. Following the completion of the sale, the director owned 3,571,430 shares of the company’s stock, valued at approximately $5,000,002. This represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gevo Stock Performance

Shares of GEVO stock opened at $1.43 on Tuesday. The firm has a 50-day moving average of $1.80 and a 200-day moving average of $2.00. The company has a market cap of $348.08 million, a P/E 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 one year low of $1.12 and a one year high of $2.97.

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

Wall Street Analyst Weigh In

GEVO has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. HC Wainwright restated a “buy” rating on shares of Gevo in a report on Tuesday, May 26th. Finally, UBS Group restated 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. 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.75.

Hedge Funds Weigh In On Gevo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. J. Derek Lewis & Associates Inc. boosted its position 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 worth $1,461,000 after purchasing an additional 100,000 shares during the period. Bank of America Corp DE boosted its position in Gevo by 166.1% during the first 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 during the period. Amundi boosted its position in Gevo by 25.6% during the first quarter. Amundi now owns 135,539 shares of the energy company’s stock worth $370,000 after purchasing an additional 27,636 shares during the period. Renaissance Technologies LLC boosted its position in Gevo by 153.8% during the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock worth $6,047,000 after purchasing an additional 1,342,400 shares during the period. Finally, Caxton Associates LLP bought a new position in Gevo during the first quarter worth about $153,000. Institutional investors own 35.17% of the company’s stock.

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.