Insider Selling: Gevo (NASDAQ:GEVO) CFO Sells 63,028 Shares of Stock

by · The Markets Daily

Gevo, Inc. (NASDAQ:GEVO – Get Free Report) CFO Oluwagbemileke Yusuf Agiri sold 63,028 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 $88,239.20. Following the completion of the transaction, the chief financial officer directly owned 491,116 shares in the company, valued at approximately $687,562.40. This represents a 11.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $56,565.66.

Gevo Stock Performance

Gevo stock traded up $0.03 during trading hours on Monday, hitting $1.43. The company had a trading volume of 3,021,834 shares, compared to its average volume of 3,593,225. The firm has a market cap of $348.08 million, a PE 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. The firm has a 50-day moving average of $1.82 and a 200 day moving average of $2.00.

Gevo (NASDAQ:GEVO – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $42.95 million during the quarter, compared to the consensus estimate of $44.90 million. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. On average, sell-side analysts expect that Gevo, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Get Our Latest Report on GEVO

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Key Client Fiduciary Advisors LLC acquired a new position in shares of Gevo during the 4th quarter worth approximately $25,000. Berger Financial Group Inc acquired a new position in shares of Gevo during the 4th quarter worth approximately $26,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Gevo during the 1st quarter worth approximately $28,000. BNP Paribas Financial Markets boosted its position in shares of Gevo by 138.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after acquiring an additional 12,136 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Gevo during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Gevo Company Profile

(Get Free Report)

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.

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