Gevo, Inc. (NASDAQ:GEVO) Insider Sells $12,451.08 in Stock

Gevo, Inc. (NASDAQ:GEVO) insider Kimberly T. Bowron sold 16,383 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $12,451.08. Following the transaction, the insider now owns 405,268 shares in the company, valued at $308,003.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Gevo Trading Up 5.9 %

GEVO opened at $0.93 on Wednesday. Gevo, Inc. has a one year low of $0.48 and a one year high of $1.43. The stock has a market capitalization of $218.68 million, a PE ratio of -3.19 and a beta of 2.90. The business’s 50 day moving average price is $0.63 and its 200 day moving average price is $0.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.62 and a current ratio of 12.80.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). Gevo had a negative return on equity of 11.97% and a negative net margin of 393.88%. The firm had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. During the same period in the prior year, the firm posted ($0.06) earnings per share. As a group, equities research analysts expect that Gevo, Inc. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $14.00 target price on shares of Gevo in a report on Monday, August 12th.

Institutional Trading of Gevo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after purchasing an additional 409,693 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Gevo in the first quarter valued at approximately $89,000. Bayesian Capital Management LP purchased a new stake in Gevo in the first quarter valued at approximately $27,000. Price T Rowe Associates Inc. MD raised its position in Gevo by 128.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock valued at $263,000 after purchasing an additional 192,457 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares during the period. Hedge funds and other institutional investors own 35.17% of the company’s stock.

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.