Paul D. Bloom Sells 16,000 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider Paul D. Bloom sold 16,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gevo Stock Performance

Shares of Gevo stock opened at $2.91 on Thursday. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $687.44 million, a PE ratio of -10.03 and a beta of 2.98. The company has a 50 day moving average of $1.42 and a 200-day moving average of $0.91. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $3.39.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The firm had revenue of $5.26 million for the quarter, compared to the consensus estimate of $3.93 million. During the same quarter last year, the business posted ($0.06) EPS. As a group, equities research analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

GEVO has been the topic of a number of analyst reports. UBS Group increased their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday. HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a report on Friday, October 18th.

Institutional Trading of Gevo

Several large investors have recently bought and sold shares of GEVO. Bayesian Capital Management LP bought a new position in shares of Gevo in the first quarter worth about $27,000. FinTrust Capital Advisors LLC bought a new position in Gevo in the 1st quarter valued at approximately $38,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo in the second quarter valued at approximately $51,000. Paloma Partners Management Co bought a new stake in shares of Gevo during the first quarter worth $74,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Gevo during the second quarter worth $64,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.