Insider Selling: Gevo, Inc. (NASDAQ:GEVO) CFO Sells $17,527.13 in Stock

Gevo, Inc. (NASDAQ:GEVO) CFO L Lynn Smull sold 29,707 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total transaction of $17,527.13. Following the sale, the chief financial officer now owns 1,279,480 shares of the company’s stock, valued at approximately $754,893.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gevo Trading Down 5.3 %

Shares of GEVO stock opened at $0.54 on Friday. The stock has a market capitalization of $127.57 million, a price-to-earnings ratio of -1.86 and a beta of 2.90. The company’s fifty day simple moving average is $0.61 and its two-hundred day simple moving average is $0.72. Gevo, Inc. has a 1 year low of $0.53 and a 1 year high of $1.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.80 and a quick ratio of 12.62.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $3.99 million for the quarter, compared to the consensus estimate of $4.39 million. Gevo had a negative net margin of 393.88% and a negative return on equity of 11.97%. As a group, analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on GEVO shares. HC Wainwright reissued a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, May 3rd. UBS Group decreased their price objective on Gevo from $1.36 to $0.85 and set a “neutral” rating for the company in a report on Wednesday, April 10th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Gevo in the fourth quarter valued at approximately $151,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Gevo in the 1st quarter worth approximately $89,000. BNP Paribas Financial Markets boosted its holdings in Gevo by 79.5% in the 1st 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. FinTrust Capital Advisors LLC purchased a new position in shares of Gevo during the 1st quarter valued at $38,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Gevo during the 1st quarter valued at $27,000. 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.